Sunday, July 9, 2017

Cameron K. Murray — Game Of Mates: Nepotism Is Costing The Economy Billions


"Old boy" networks more than nepotism. This is integral to class structure and class power. It's not just economics but also politics. Wealth gives power and power increases wealth. It's a self-augmenting system and it is the basis of capitalism and plutonomy from the sociological standpoint.

Fresh Economic Thinking
Game Of Mates: Nepotism Is Costing The Economy Billions
Cameron K. Murray
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1 comment:

Dan Lynch said...

Yes, I witness this constantly in my local government. On the one hand it's petty stuff -- giving temp jobs to relatives and drinking buddies, appointing "good ol' boy" pals to fill vacancies -- on the other hand it undermines democracy and economic mobility.

July 9, 2017 at 11:54 AM

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