Acton Institute Powerblog

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Search results for "crony capitalism"
October 07, 2020

When cronyism meets ‘creative destruction’

Amid rapid globalization, Americans have faced new pressures when it comes to economic change, leading to abundant prosperity, as well as significant pain and disruption across communities. In search of a villain, populists and progressives routinely blame the expansion of free trade and rise of global conglomerates, arguing that entrenched and moneyed interests are now allowed to run rampant from country to country with little competition or accountability. Continue Reading...
August 21, 2019

Acton Line podcast: What is cronyism? Samuel Gregg on reason and faith in Western civilization

Cronyism is everywhere, affecting industries, entrepreneurs and customers and distorting the market through political advantage. So what is cronyism and how does it compromise genuine capitalism? Anne Rathbone Bradley, the current academic director at The Fund for American Studies, as well as the vice president of Economic Initiatives at the Institute for Faith, Work and Economics, comes onto the show to explain how cronyism affects the market and how to combat it. Continue Reading...
February 07, 2019

Cronyism and conservatives

A major problem with America’s economy is what’s often called “crony capitalism” or simply “cronyism.” In other places, I’ve defined cronyism as the situation in which free markets are hollowed out and replaced by political markets. Continue Reading...