Acton Institute Powerblog

Samuel Gregg: What is crony capitalism?

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In an interview for Guatemala’s Universidad Francisco Marroquin, Samuel Gregg, the Director of Research here at the Acton Institute, answered questions about crony capitalism, mentioning how it works and his worries about this problem.

Gregg explains crony capitalism by contrasting it with the free market and political market. He mentions how it works in the economy, what happens in the marketplace when it’s used, and why it’s a problem for both the people doing business and for entrepreneurs.

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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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