Restoring the U.S. economy to its former dynamism could be the key to reducing corporate cronyism. This approach, however, might require a major shift in cultural values in favor of business, entrepreneurship, classical liberalism, and the bourgeois virtues that contributed to the Great Enrichment of the nineteenth century.
Dynamism as a Bump on the Road to Crony Capitalism?
By Michelle Albert Vachris
This
article
appeared in
the Winter 2018/19 issue of The Independent Review.
Contemporary Legislative ActivityContemporary PoliticsEconomyFree Market EconomicsGovernment and PoliticsGovernment PowerPublic Choice
Other Independent Review articles by Michelle Albert Vachris | |
Winter 2020/21 | Human Nature and Civil Society in Jane Austen |
Winter 2020/21 | Philanthropic Exchange in Ralph Ellisons Invisible Man |