The Road to Crony Capitalism
By Michael C. Munger, Mario Villarreal-Diaz
This article appeared in the Winter 2019 issue of The Independent Review
Do free-market economies have inherent weaknesses that create long-run tendencies toward cronyism? If soand the evidence suggests this is the casethen the best dose of prevention may be to empower entrepreneurs who do not want to become rent seekers and constrain state actors from selling off rents in the first place.
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|Other Independent Review articles by Michael C. Munger|
|Spring 2019||Making the Voluntaryist Venn Work for Us, Not against Us|
|Spring 2019||First Freedom|
|Spring 2019||Gods and Robots|
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