Acton Institute Powerblog

What is Crony Capitalism?

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Here on the Acton PowerBlog we talk a lot about crony capitalism. But what exactly does the term mean? And why is it so bad?

In this short video from Prager University, Jay Cost, a staff writer at The Weekly Standard, explains what it is, why it’s wrong, and proposes a solution that every society could benefit from.

 

See also: What Christians Should Know About Crony Capitalism

Economics in One Lesson : The Shortest and Surest Way to Understand Basic Economics

Economics in One Lesson : The Shortest and Surest Way to Understand Basic Economics

This classic work provides the layman with a clear understanding of the economic way of thinking. A must-read for the beginner!

Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).

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