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.

Michelle Albert Vachris is professor of management, business, and economics in the Department of Management, Business, and Economics at Virginia Wesleyan University.
Contemporary Legislative ActivityContemporary PoliticsEconomyFree Market EconomicsGovernment and PoliticsGovernment PowerPublic Choice
Other Independent Review articles by Michelle Albert Vachris
Summer 2024 Show and Biz: The Market Economy in TV Series and Popular Culture (2000–2020)
Winter 2020/21 Human Nature and Civil Society in Jane Austen
Winter 2020/21 Philanthropic Exchange in Ralph Ellison’s Invisible Man