Cronyism

This book explores the gradual development of the corporatist state in America, tracing its origins from the mid-19th century through the early 20th century, leading up to the dominance of Wall Street and large corporations before the Great Depression. It examines how government intervention and lobbying shaped the economy across various sectors, often favoring special interests over the public good. Written by Patrick Newman, an economist and researcher, the book highlights the complex process of government becoming a powerful economic cartelizer through multiple stages of influence and cronyism.