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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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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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