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Politics, Videos

Cronyism in America

Posted: November 1, 2012 at 11:25 am   /   by

Capitalists: People and businesses who earn a profit by providing something that people want—by making people’s lives better. Crony capitalists: People and businesses that manipulate government to redirect wealth to themselves, without creating anything that people want. There’s all the difference in the world.

One of the most trenchant, most effective points in the entire video is this: The only real way that a corporate plutocrat can force you to do anything against your will is if that corporate plutocrat has the force of government behind him or her.

Try that out on the next person you meet who hates business and corporations, but has nothing but love for government.

Professors Don Boudreaux (George Mason University), Susan Dudley (George Washington University) & Bradley Schiller (University of Nevada-Reno) discuss the causes & solutions to Cronyism in America.