Summary: Throw Them All Out E-Book

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• Herausgeber: Political Book Summaries
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 25

Veröffentlichungsjahr: 2017

Beschreibung

The must-read summary of Peter Schweizer's book: "Throw Them All Out: How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison".

This complete summary of "Throw Them All Out" by Peter Schweizer, a renowned American writer and political consultant, shows how Washington politicians have become entrepreneurs by extracting wealth from their privileged access to information and their proximity to power. In his book, the author exposes all of the actions of these politicians after conducting thorough research on financial records, deals and stock trades.

Added-value of this summary:
• Save time
• Understand political corruption and insider trading in the US
• Expand your knowledge of American politics

To learn more, read "Throw Them All Out" and discover what may really be going on behind the closed doors of the White House.

Leseprobe

Book Presentation: Throw Them All Out by Peter Schweizer

Book Abstract

Politicians have turned politics into a business. They are increasingly becoming entrepreneurs who turn access to privileged information into great personal wealth. This has attracted the attention of well-connected financiers and corporate leaders who collude with the self-designated “permanent political class” to put together deals which are too good to be true.

In practical terms, Washington politicians have figured out a way to extract wealth from working-class Americans based solely on their proximity to power and their access to insider information. Crony capitalism isn’t really a new phenomena but in recent times, it has become so excessive it today threatens the health and sustainability of America’s entire economic system. Why? Simply because politicians – who don’t produce any goods or services – are now year after year drawing huge amounts of wealth away from those who are productive.

“Crony capitalism is not new, but it has become a dominant force in Washington. The amount of money to be made is much larger. And the opportunities have become more frequent. In fact, it is now threatening the health and integrity of our entire economic system. «Crony capitalism» is a term that used to be applied almost exclusively to developing countries that were rife with corruption. Now the label can be applied to many sectors of our economy. It is an important part of the reason we face the economic crisis that we do.”

About the Author

Peter Schweizer is a research fellow at the Hoover Institution at Stanford University. He previously served as a consultant to the White House Office of Presidential Speechwriting and is a former consultant to NBC News. He is the author of four books and has written for the New York Times, Los Angeles Times, USA Today, National Review and Foreign Affairs.

Summary of Throw Them All Out (Peter Schweizer)

Part 1 – Crony Capitalism

Career politicians and their friends have become highly adept in recent times at using what they learn and do in Washington to line their own pockets. They are generating a huge amount of wealth for themselves by manipulating the “invisible hand” of the markets and claiming they are doing this in the name of “public service” The new government rich have made politics into a business and are in effect practicing an insidious form of crony capitalism.

So how does crony capitalism work and how do these political entrepreneurs make outrageous money above their publicly disclosed salaries? Crony capitalism takes several forms: