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Cronyism

In this module, you’ll learn how governmental favors (or cronyism) impede the function of the free market.

What is Cronyism?

"Cronyism diverts resources away from the wants and needs of consumers and toward political purposes. Cronyism occurs when an individual or organization colludes with government officials to create unfair legislation and/or regulations which give them forced benefits they could not have otherwise obtained voluntarily. Those benefits come at the expense of consumers, taxpayers, and everyone working hard to compete in the marketplace." (via CronyChronicles.org)

Cronyism in the Tax Code by EconomicFreedom.org:

 

Sheldon Richman, former editor of The Freeman, on government favors and cronyism:

Related Freeman Articles

GIVE ME A BREAK!

Big Government’s Cronies

APRIL 20, 2010 by JOHN STOSSEL

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Is Capitalism Something Good?

APRIL 16, 2010 by SHELDON RICHMAN

Earlier this week I attended the annual meeting of the Association of Private Enterprise Education in Las Vegas to participate in a panel with the intriguing title "Free-Market Anti-Capitalism?"

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Capitalism and Democracy

NOVEMBER 01, 2006 by ARTHUR FOULKES

Democracy and liberty can coexist only if public opinion favors private property rights and individual freedom over coercion.

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April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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