📰 Source: youtube | misesmedia

✍️ Original author: misesmedia

⬆️ score: 1,095

Cronyism isn’t capitalism.

Big businesses may talk like they support free markets, but many are happy to use government power to secure subsidies, block competitors, and write regulations in their favor.

Free markets mean open competition — not corporate privilege.

Patrick Newman’s new book, Cronyism: Rise of the Corporatist State, is available now at mises.org/cronyism2.

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