Monday, July 30, 2012
Cronyism - The Evidence
Cronyism or Mercantilism? I prefer the second, historic, term but either way it is an accurate representation of much of our political and economic world. It appears to be the natural condition of the unfettered government to create these conditions. I'll get back to the study in this link on the The Economics and History of Cronyism when I have more time to absorb it. It promises to be a enlightening read.
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