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Political Entrepreneur
The term political entrepreneur may refer to any of the following: * Someone (usually active in the fields of either politics or business) who founds a new political project, group, or political party * A businessman who seeks to gain profit through subsidies, protectionism, government contracts, or other such favorable arrangements with government(s) through political influence (also known as a rent-seeker) Politician In the field of business, entrepreneurship involves people taking a risk in order to create new business ventures, to gain advantage over a competitor, and to maximize profits. However, a political entrepreneur gets the government to pass legislation in order to guarantee a monopoly for themselves. History and cultural context The political activism of American business as a class has surged and ebbed at various historical moments. Variations in both business and countervailing political mobilization should be approached as problems of collective interpretation a ...
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Politics
Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science. It may be used positively in the context of a "political solution" which is compromising and nonviolent, or descriptively as "the art or science of government", but also often carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or limitedly, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external force, including wa ...
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Ed Younkins
Ed, ed or ED may refer to: Arts and entertainment * ''Ed'' (film), a 1996 film starring Matt LeBlanc * Ed (''Fullmetal Alchemist'') or Edward Elric, a character in ''Fullmetal Alchemist'' media * ''Ed'' (TV series), a TV series that ran from 2000 to 2004 Businesses and organizations * Ed (supermarket), a French brand of discount stores founded in 1978 * Consolidated Edison, from their NYSE stock symbol * United States Department of Education, a department of the United States government * Enforcement Directorate, a law enforcement and economic intelligence agency in India * European Democrats, a loose association of conservative political parties in Europe * Airblue (IATA code ED), a private Pakistani airline * Eagle Dynamics, a Swiss software company Places * Ed, Kentucky, an unincorporated community in the United States * Ed, Sweden, a town in Dals-Ed, Sweden * Erode Junction railway station, station code ED Health and medicine * Eating disorder, mental disorders define ...
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Social Entrepreneur
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development. At times, profit-making social enterprises may be established to support the social or cultural goals of the organization but not as an end in themselves. For example, a ...
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Politician
A politician is a person active in party politics, or a person holding or seeking an elected office in government. Politicians propose, support, reject and create laws that govern the land and by an extension of its people. Broadly speaking, a politician can be anyone who seeks to achieve political power in a government. Identity Politicians are people who are politically active, especially in party politics. Political positions range from local governments to state governments to federal governments to international governments. All ''government leaders'' are considered politicians. Media and rhetoric Politicians are known for their rhetoric, as in speeches or campaign advertisements. They are especially known for using common themes that allow them to develop their political positions in terms familiar to the voters. Politicians of necessity become expert users of the media. Politicians in the 19th century made heavy use of newspapers, magazines, and pamphlets, as well ...
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Policy Entrepreneur
Policy entrepreneur or entrepreneurs are "individuals who exploit opportunities to influence policy outcomes so as to promote their own goals, without having the resources necessary to achieve this alone. They are not satisfied with merely promoting their self-interests within institutions that others have established; rather, they try to create new horizons of opportunity through innovative ideas and strategies. These persistent individuals employ innovative ideas and nontraditional strategies to promote desired policy outcomes. Whether from the private, public or third sector, one of their defining characteristics is a willingness to invest their own resources – time, energy, reputation and sometimes money – in hope of a future return. While policy entrepreneurs may try to block changes proposed by others, entrepreneurial activities usually seek to change the status quo rather than preserve it. It should be stressed, however, that although the literature has focused mainly on en ...
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Insider Trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make. The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty of a crime. Trading by specific insiders, such as employees, is commonl ...
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Graft (politics)
Graft, as understood in American English, is a form of political corruption defined as the unscrupulous use of a politician's authority for personal gain. Political graft occurs when funds intended for public projects are intentionally misdirected in order to maximize the benefits to private interests. Political graft functions when the public officer is directed to purchase goods or services from a specific private interest at a cost far above regular market rates. The private interest then siphons some of the gratuitous profits to government officials who are able to ensure that future government spending continues in the same fashion so that this lucrative relationship continues. A member of a government may misappropriate directly from government funds, but they may also make decisions benefiting their own private economic interests by using inside knowledge of upcoming government decisions to their benefit, in a manner similar to insider trading. Although the confli ...
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Entrepreneurial Party
An business-firm party, entrepreneurial party, or personal party is a type of political party A political party is an organization that coordinates candidates to compete in a particular country's elections. It is common for the members of a party to hold similar ideas about politics, and parties may promote specific political ideology ... that is centered on a charismatic political entrepreneur, most often created by that person to further their own interests. Definition It can be considered "the most extreme case of party personalization, consisting in the full control by an individual leader of the party he has himself created", in the words of political scientist Mauro Calise. A business-firm party is modeled off the top-down organizational structure of a corporation as opposed to operating on the basis of internal party democracy. The party structure is related to the older type of elite party, but is even more strongly oligarchic in form, as the political entre ...
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Cronyism
Cronyism is the spoils system practice of partiality in awarding jobs and other advantages to friends or trusted colleagues, especially in politics and between politicians and supportive organizations. For example, cronyism occurs when appointing "cronies" to positions of authority regardless of their qualifications. This is in contrast to a ''meritocracy'', in which appointments are made based on merit. Politically, "cronyism" is derogatorily used to imply buying and selling favors, such as votes in legislative bodies, as doing favors to organizations, giving desirable ambassadorships to exotic places, etc. Cronyism is a specific form of favoritism. Etymology The word "crony" first appeared in 17th-century London, according to the ''Oxford English Dictionary'' and is believed to be derived from the Greek word ''chronios'' (χρόνιος), meaning "long term". A less likely but oft-quoted source is the supposed Irish term ''Comh-Roghna'', which translates as "close pals", o ...
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Crony Capitalism
Crony capitalism, sometimes called cronyism, is an economic system in which businesses thrive not as a result of free enterprise, but rather as a return on money amassed through collusion between a business class and the political class. This is often achieved by the manipulation of relationships with state power by business interests rather than unfettered competition in obtaining permits, government grants, tax breaks, or other forms of state intervention over resources where business interests exercise undue influence over the state's deployment of public goods, for example, mining concessions for primary commodities or contracts for public works. Money is then made not merely by making a profit in the market, but through profiteering by rent seeking using this monopoly or oligopoly. Entrepreneurship and innovative practices which seek to reward risk are stifled since the value-added is little by crony businesses, as hardly anything of significant value is created by them, wit ...
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Corporate Welfare
Corporate welfare is a phrase used to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment for corporations. The definition of corporate welfare is sometimes restricted to direct government subsidies of major corporations, excluding tax loopholes and all manner of regulatory and trade decisions. Origin of term The term "corporate welfare" was reportedly coined in 1956 by Ralph Nader. Alternative adages "Socialism for the rich, capitalism for the poor" Believed to have been first popularised by Michael Harrington's 1962 book ''The Other America'' in which Harrington cited Charles Abrams, a noted authority on housing. Variations on this adage have been used in criticisms of the United States' economic policy by Joe Biden, Martin Luther King Jr., Gore Vidal, Joseph P. Kennedy II, Robert F. Kennedy, Jr., Dean Baker, Noam Chomsky, Robert Reich, John Pilger, Bernie Sanders, and Yanis Varoufakis. "Privatizing profits and social ...
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Burton W
Burton, Burtons, or Burton's may refer to: Companies * Burton (retailer), a clothing retailer ** Burton's, Abergavenny, a shop built for the company in 1937 **The Montague Burton Building, Dublin a shop built for the company between 1929 and 1930 *Burton Brewery Company *Burton Snowboards *Burton's Biscuit Company People *Burton (name) (includes list of people with the name) Places Australia * Burton, Queensland * Burton, South Australia Canada * Burton, British Columbia * Burton, New Brunswick * Burton Parish, New Brunswick * Burton, Prince Edward Island * Burtons, Nova Scotia United Kingdom England * Burton (near Neston), on the Wirral Peninsula, Cheshire * Burton (near Tarporley), in the area of Cheshire West and Chester, Cheshire * Burton-in-Kendal, Cumbria * Burton, Dorset * Burton on the Wolds, Leicestershire * Burton, Lincolnshire * Burton-upon-Stather, North Lincolnshire * Burton in Lonsdale, North Yorkshire * Burton-on-Yore, North Yorkshire * Burton, N ...
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