Commentary
Relax, folks. I’m not denying the existence of business–government cronyism. That obnoxious practice is rampant; indeed, it’s endemic. I find such cronyism repugnant and have no intention of defending it.
Viewpoints
Opinion
‘Crony Capitalism’? No Such Thing!
The widespread cronyism we have in the United States is a foretaste of socialism in which the state supplants the consumer as the dominant force in the economy.
A customer counts his cash at the register while purchasing an item at a store in Flushing, N.Y., in this file photo. Reuters/Jessica Rinaldi
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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