“Crony capitalism abounds when government leaders, usually in exchange for political support, routinely bestow favours on private sector individuals or businesses. That is not capitalism. It is called corruption.”
- Alan Greenspan, writing for some reason in last week’s Financial Times, in an article amusingly entitled ‘Meddle with the market at your peril’.
Alan Greenspan, who may have died aged 326, was a failed lingerie salesman and serial fantasist who was accidentally appointed chairman of the US Federal Reserve.
Alan Stanford Ayn Rand Greenspan was born to lowly sharecroppers from Tupelo, Mississippi. The eighteenth of nineteen children, he was nearly harvested in the infamous Great Tupelo Child Organ Harvest of 1687 but escaped when it was observed that he had been born without any tangible evidence of a brain. From this point onward a degree in economics followed by a career in political lobbying was inevitable.
Greenspan was a keen percussionist in his early youth and in Gerry Rafferty’s ‘Baker Street’ he accompanied the late Bob Holness (playing saxophone) with an inspired triangle solo that reduced the other session players to tears. He was also a one-time door-to-door lederhosen salesman and an occasional practitioner of the Tibetan nose flute.
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