Cronyism would be rampant even if government were limited solely to providing core protective functions. With its rent seeking, rent extraction, and revolving door, the U.S. military sector could be the poster child for peak cronyism.
Cronyism
Necessary for the Minimal, Protective State
By Christopher J. Coyne, Abigail R. Hall
This article
appeared in
the Winter 2018/19 issue of The Independent Review.
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