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October 25, 2011

Opposition To Crony Capitalism As Uniting Cause: Resource-Grabbing Mega-Monopolies (Like Atlantic Yards) As Catalyst For Great Recessions/Depressions

Noticing New York

The other day listening to an NPR story about what the Occupy Wall Street protesters and the Tea Party ought to both have in common I heard Harvard professor and activist Lawrence Lessig say:

. . . whether you are upset about the size of government or the size of corporations, one thing everybody should be upset about is when corporations use their power to corrupt the government, to reinforce their size and their influence. A critical change in the way in which we've seen America become much more unequal was driven by changes in public policy that was driven itself by [that] *kind of influence . . . >>So whether, again, you like big corporations or you like capitalism, you and the right cannot possibly defend crony capitalism.

Hmm! When “corporations use their power to corrupt the government, to reinforce their size and their influence . . . crony capitalism.”

Does that sound like the Forest City Ratner Atlantic Yards land grab to reinforce Bruce Ratner’s mega-monopoly that now, through government assistance, is proposed to extend to 50+ acres?

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Posted by eric at October 25, 2011 11:10 PM