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 2021||Populism, Self-Government, and Liberty|
|Summer 2021||Reinventing Racism; American Awakening; That Is Not Who We Are!; The Dictatorship of Woke Capital|
|Summer 2021||Republic of Wrath: How American Politics Turned Tribal, from George Washington to Donald Trump; Democracy against Liberalism: Its Rise and Fall|
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