In the Age of Crony Capitalism

Throughout American history, crony capitalism has jockeyed for position alongside free-market capitalism. However, too few Americans seem to grasp the crucial difference between the two versions of capitalism. In this segment, we’ll attempt to answer three important questions: 1) What exactly is “crony capitalism” and how does it differ from “free-market capitalism”? 2) How does the United States stack up against other major economies when it comes to the balance between crony and free-market capitalism? 3) What are the likely outcomes and implications as this ongoing struggle plays out? We’ll answer these questions and more.

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