4min chapter

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#59 Howard Hughes: The Definitive Biography of the First American Billionaire

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CHAPTER

Howard Hughes's Crony Capitalism

Howard Hughes was bribing politicians, Democrat and Republican alike. He'd send three women to his hotel room every night, basically sending him prostitutes. And he would give loans to like Richard Nixon's brother to start a company. These examples of crony capitalism "gives the rest of us a bad name," says Julian Zelizer. 'I'm just saying that this kind of stuff for people who want to build what they want'

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