Crony Capitalism versus Pure Capitalism
By Walter E. Block
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.
|Other Independent Review articles by Walter E. Block|
|Spring 2022||The Ethics of Liberty|
|Fall 2015||A Troublesome Inheritance:Genes, Race and Human History|
|Spring 2007||Chesterton and Belloc:A Critique|