As he runs for Virginia governor, Terry McAuliffe has touted his efforts to start a “green car” company in Mississippi as a prime example of his old-fashioned American entrepreneurial know-how. Yet McAuliffe really is a master of the Chinese-style “crony capitalist” model. It’s a system where political connections, government favors and even some thuggery determine the success of an enterprise.
Thursday, April 25, 2013
McAuliffe hones China’s crony-capitalism model in U.S.
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