Crony Capitalism versus Pure Capitalism
By Walter E. Block
This article appeared in the Winter 2019 issue of The Independent Review
Crony capitalism is a pox that has always infected real markets and is likely to rear its ugly head even more in the future. Although Munger and Villarreal-Diaz offer an important theory in support of this claim, their superb essay makes a few points worth disputing if only to better ward off crony capitalism.
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|Other Independent Review articles by Walter E. Block|
|Fall 2015||A Troublesome Inheritance|
|Spring 2007||Chesterton and Belloc|