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  • 2024
  • Working Paper

The Fading Light of Democratic Capitalism: How Pervasive Cronyism and Restricted Suffrage Are Destroying Democratic Capitalism as a National Ideal…and What to Do about It

By: Malcolm S. Salter
What are we to do about declining public trust and confidence in democratic capitalism, which many citizens consider a cornerstone of our national ideology and identity? While the answer is not entirely clear, I argue in this essay that any effort aimed at restoring... View Details
Keywords: Government Administration; Economic Systems; Trust; United States
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  • 2024
  • Book

The Fading Light of Democratic Capitalism: How Pervasive Cronyism and Restricted Suffrage Are Destroying Democratic Capitalism as a National Ideal ... And What to Do About It

By: Malcolm S. Salter
What are we to do about declining public trust and confidence in democratic capitalism, which many citizens consider a cornerstone of our national ideology and identity? In this book, I address how we can rekindle the fading light of democratic capitalism as an... View Details
Keywords: Government and Politics; Power and Influence; Economic Systems; Culture
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  • Research Summary

The Fading Light of Democratic Capitalism: How Pervasive Cronyism and Restricted Suffrage Are Destroying Democratic Capitalism as a National Ideal…...and What to Do about It

By: Malcolm S. Salter
(forthcoming) View Details
  • 2014
  • Working Paper

Crony Capitalism, American Style: What Are We Talking About Here?

By: Malcolm S. Salter
This paper seeks to reduce the ambiguity surrounding our understanding of what crony capitalism is, what it is not, what costs crony capitalism leaves in its wake, and how we might contain it. View Details
Keywords: Democracy; Industrial Governance; Institutional Corruption; Crony Capitalism; Lobbying; Campaign Finance; Costs; Cronyism; Business Ethics; Campaign Finance Reform; Revolving Door; Economic Systems; Ethics; Political Elections; Financing and Loans; United States
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  • Research Summary

Renovating Democratic Capitalism

By: Malcolm S. Salter

This in-process work focuses on how best to address the declining public trust and confidence in democratic capitalism, which many citizens consider to be a cornerstone of our national ideology and identity? While the answer to this question is not entirely clear, I... View Details

  • 10 Nov 2014
  • Working Paper Summaries

Crony Capitalism, American Style: What Are We Talking About Here?

Keywords: by Malcolm S. Salter
  • March 2016 (Revised September 2021)
  • Case

South Africa: A Fractured Rainbow?

By: Richard H.K. Vietor and Haviland Sheldahl-Thomason
Twenty years after the end of Apartheid, South Africa's democracy persists, albeit with problems. A tripartite coalition — the African National Congress, the labor unions, and the Communist Party — still controls the political system but with diminishing economic... View Details
Keywords: Politics; Development; Productivity; Labor; Labor Unions; Infrastructure; Government and Politics; Economic Growth; Performance Productivity; Economy; Social Issues; South Africa
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  • March 2021 (Revised December 2021)
  • Case

Cedar Environmental: Innovation vs. Corruption in Lebanon?

By: Nien-hê Hsieh and Youssef Abdel Aal
The case follows Ziad Abi Chaker, founder and CEO of Cedar Environmental, as he weighs options for how to grow the company in the face of growing economic and political instability in Lebanon in 2019.

Founded after the Lebanese civil war, Cedar... View Details
Keywords: Waste Management; Recycling; Corruption; Leadership & Corporate Accountability; Business And Government; Social Entrepreneurship; Environmental Sustainability; Green Technology; Pollution; Entrepreneurship; Business and Government Relations; Crime and Corruption; Technological Innovation; Growth and Development Strategy; Business Strategy; Expansion; Corporate Accountability; Green Technology Industry; Middle East; Lebanon
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    The Fading Light of Democratic Capitalism (Cambridge University Press, 2024)

    What are we to do about declining public trust and confidence in democratic capitalism, which many citizens consider a cornerstone of our national ideology and identity? In this short book, I address how we can rekindle the fading light of democratic capitalism as... View Details

    • Research Summary

    Markets of Progress: Coffee, Commerce, and Community in the Soconusco, Chiapas, 1867-1920

    Markets of Progress presents a new holistic story of rural development in Mexico at the turn of the century. In the Soconusco, as in regions throughout the world, the accelerating circulation of commodities and capital, ideas and immigrants reshaped society... View Details

    Keywords: Commodities; Coffee; Mexico; Foreign Investment; Institutions; Immigration; Developing Agriculture; Development; Export Crop; Emerging Market; Property Rights; Labor History; History; Capital Markets; Business History; Agriculture and Agribusiness Industry; Latin America; Mexico; Central America
    • 01 Dec 2002
    • News

    Bad Times for Business

    arm’ s length, that inherent cronyism makes it difficult to clean house when high-level insiders turn out to be bad apples. A CEO once said to me, “Business is the last monarchy.” All the recent disclosures about the incredible... View Details
    • 29 Jan 2015
    • Op-Ed

    The Fall of Greece

    tricks." Individuals raised in an environment of favoritism, nepotism, and cronyism are unlikely to let old habits go. I am afraid, though, that the new government will cause damage for one primary reason: it seeks to suppress any... View Details
    Keywords: by George Serafeim
    • 06 Feb 2006
    • Research & Ideas

    The Trouble Behind Livedoor

    was much easier than selling product to customers. But more importantly, he revitalized Japan's sleepy market for corporate control. In the attempt to acquire Nippon Broadcasting Systems, Livedoor drew attention to the cronyism that... View Details
    Keywords: by Sean Silverthorne; Financial Services; Technology
    • 16 Nov 2020
    • Research & Ideas

    Transitions of Power Are Difficult. What Joe Biden and Other Incoming Leaders Need to Know.

    publicly known. Losing streaks are characterized by denial and cover-ups, withholding of information, and finger-pointing rather than accountability. Finding the data and putting facts on the table for all to confront ends closed cronyism... View Details
    Keywords: by Sean Silverthorne
    • 20 Jan 2003
    • Research & Ideas

    Fixing Corporate Governance: A Roundtable Discussion at Harvard Business School

    Lorsch: People talk about curbing the power of CEOs, but I frame the issue in terms of enhancing the power of boards. Over the last decade, I think there's been a lot of progress made in boardrooms. Problems remain, of course, but View Details
    Keywords: by Garry Emmons
    • 11 Jan 2016
    • Research & Ideas

    Is Group Loyalty a Force for Good or Evil?

    much more apt these days to hear about loyalty in the context of problems—loyalty to a country or religion leading to fanatical acts of chauvinism or violence, loyalty to family or friends leading to nepotism and cronyism in government,... View Details
    Keywords: by Michael Blanding
    • 01 Dec 2002
    • News

    Bad Times for Business

    the power of CEOs, but I frame the issue in terms of enhancing the power of boards. Over the last decade, I think there's been a lot of progress made in boardrooms. Problems remain, of course, but cronyism has diminished, the principle of... View Details
    Keywords: Garry Emmons
    • 15 Dec 2024
    • News

    Alumni and Faculty Books

    can do for you. Full of useful activities and tools, Job Moves offers the timeless framework of our generation to help anyone create a career that will be happier and more fulfilling. The Fading Light of Democratic Capitalism: How Pervasive View Details
    Keywords: Publishing Industries (except Internet); Information