Jonathan Powell (Labour adviser) Jonathan Powell (Labour adviser) Jonathan Nicholas Powell (born 14 August 1956) is a British diplomat who served as the first Downing Street Chief of Staff, under British prime minister Tony Blair from 1997 to 2007. He was the only senior adviser to last the whole period of Blair's leadership. During this period Powell was also the chief British negotiator on Northern Ireland. In 2007, Powell joined Morgan Stanley as a full-time senior managing director of its investment banking division. He runs the charity Inter Mediate which works on armed conflicts around the world. In 2014, David Cameron appointed Powell to
Crony capitalism 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, with transactions taking the form of "trading". Crony capitalism spills over into the government, the politics and the media, when this nexus distorts the economy and affects society to an extent it corrupts public-serving economic, political and social ideals. The term "crony capitalism" made a significant impact in the public as an explanation of the Asian financial crisis. It is also used to