The Road to Cronyism
Michael analyzes the dangers of cronyism and the role of public choice in government, challenging the Marxist idea that capitalism is solely responsible for driving the system. He highlights the tendency of people in government to increase their power and the potential impact on industries.In this clip
From this podcast
EconTalk
Michael Munger on Crony Capitalism
Related Questions
What are the problems in government as discussed in the episode Michael Huemer - Anarchy, Capitalism, and Progress and the clip Libertarian Views?
Can regulatory agencies be burdened as discussed in the episode Does Market Failure Justify Government Intervention? (with Michael Munger) and the clip Bureaucracy and Effectiveness, as well as in the episode Arnold Kling on Reforming Government and Expertise and the clip The Intrusive Administrative State, specifically in relation to the SCOTUS curbing regulatory agencies’ powers and the clip Regulatory Powers Impact?