What Is Crony Capitalism?
The latest from Prager U.
The latest from Prager University: “This election season there’s a lot of talk about corruption, about politicians being ‘bought and sold’, and about ‘crony capitalism’. What do those terms mean? Why should we care? Is there a way to reduce corruption and restore our trust in government? Author Jay Cost, staff writer at The Weekly Standard, answers these questions and proposes a solution that every society could benefit from.”
Around our humble shop, we tend to prefer calling it just “cronyism,” because there’s really very little capitalist about it.
Oh, and by the way: The two leading presidential candidates have this pretty well down pat.