The Road to Crony Capitalism
By Michael C. Munger, Mario Villarreal-Diaz
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.
|Other Independent Review articles by Michael C. Munger|
|Summer 2019||Kidnap:Inside the Ransom Business|
|Spring 2019||Making the Voluntaryist Venn Work for Us, Not against Us|
|Spring 2019||First Freedom:A Ride through Americas Enduring History with the Gun|
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