Cartels, Monopolies and Crony Capitalism

By: Gordon Long | Tue, Sep 23, 2014
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Today's new dominating business model.

Crony Capitalism

John Rubino is quite blunt when he states:

"Crony Capitalism is now the dominate business model operating in the US! Most big corporations employ legions of lobbyists and throw millions of dollars at manipulating the political and regulatory process!"

Political office to his trained eye "has become nothing more than an extended job interview" for the high paying lobbyist jobs expected after leaving political office, financed by new corporate competitive strategies.

Cartles, Monopolies and Crony Capitalists

Rubino places the blame for this unintended consequence primarily on the policy of "Unsound Money" and a consumption based economy. John sees the banks and major corporations becoming more and more powerful to the extent that we no longer have separation. "We now have one big organization where the big organizations becomes dedicated to self preservation. Size and power is now the goal, not serving customers and not necessarily a honest process. They are doing this by taking advantage of the regulatory process."


He spells out why he believes a return to 'Sound Money" is the only way the process can be halted or reversed. The rate of expansion of government and the financialization of the economy suggests the situation is now so serious in the US that the only likely outcome will be a major financial and economic crisis. "It isn't a free market anymore!"

The clear goal of the current expanding monolithic government is nothing more than to "dole out more and more goodies to the people who are able to pay for those goodies!". Though he sincerely hopes the expected crisis will "right the ship", he is highly skeptical. History suggests otherwise to him.

The influence of corporations on government regulations to gain competitive advantage, risk avoidance and financial growth are being driven by the size of the government in the economy and increasing centralized control. Crony Capitalism as a consequence was therefore inevitable and expected by many - though highly undesirable by most.

"Money today is more and more made by people who place bets on the market and use regulations to move the markets in that direction, book a profit and move on. No real wealth is generated, only transferred."

Unfortunately, there are no counter-forces except public awareness and their organized attempts to stop it!

Cartles, Monopolies and Crony Capitalists

Video: Cartles, Monopolies and Crony Capitalists


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Gordon Long

Author: Gordon Long

Gordon T. Long
Publisher - LONGWave

Gordon T. Long

Gordon T. Long has been publically offering his financial and economic writing since 2010, following a career internationally in technology, senior management & investment finance. He brings a unique perspective to macroeconomic analysis because of his broad background, which is not typically found or available to the public.

Mr. Long was a senior group executive with IBM and Motorola for over 20 years. Earlier in his career he was involved in Sales, Marketing & Service of computing and network communications solutions across an extensive array of industries. He subsequently held senior positions, which included: VP & General Manager, Four Phase (Canada); Vice President Operations, Motorola (MISL - Canada); Vice President Engineering & Officer, Motorola (Codex - USA).

After a career with Fortune 500 corporations, he became a senior officer of Cambex, a highly successful high tech start-up and public company (Nasdaq: CBEX), where he spearheaded global expansion as Executive VP & General Manager.

In 1995, he founded the LCM Groupe in Paris, France to specialize in the rapidly emerging Internet Venture Capital and Private Equity industry. A focus in the technology research field of Chaos Theory and Mandelbrot Generators lead in the early 2000's to the development of advanced Technical Analysis and Market Analytics platforms. The LCM Groupe is a recognized source for the most advanced technical analysis techniques employed in market trading pattern recognition.

Mr. Long presently resides in Boston, Massachusetts, continuing the expansion of the LCM Groupe's International Private Equity opportunities in addition to their core financial market trading platforms expertise. is a wholly owned operating unit of the LCM Groupe.

Gordon T. Long is a graduate Engineer, University of Waterloo (Canada) in Thermodynamics-Fluid Mechanics (Aerodynamics). On graduation from an intensive 5 year specialized Co-operative Engineering program he pursued graduate business studies at the prestigious Ivy Business School, University of Western Ontario (Canada) on a Northern & Central Gas Corporation Scholarship. He was subsequently selected to attend advanced one year training with the IBM Corporation in New York prior to starting his career with IBM.

Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, he recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments.

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