Video: Prager U explains crony capitalism

If you’ve been following this year’s race for the White House, you’ve probably heard the term “crony capitalism.” It refers to an arrangement wherein ​your business’s success depends on how well you can cozy up to government officials and get them to do favors for you.

In the video that follows, author and Weekly Standard writer Jay Cost explains what crony capitalism is, how it differs from free-market capitalism, and why it’s so damaging to consumers, taxpayers, and small business owners – not to mention our ability to trust our government​. He also proposes a common sense solution to the problem of crony capitalism.

LU Staff

LU Staff

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