Do free-market economies have inherent weaknesses that create long-run tendencies toward cronyism? If so—and the evidence suggests this is the case—then 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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