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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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September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited out social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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