Beyond Bailouts: What Is Cronyism?

Beyond Bailouts: What Is Cronyism?

Matthew Mitchell | Jul 08, 2012

While the bailouts of hundreds of firms in 2008 are, for many, the most prominent example of cronyism in modern American history, they are only the tip of the iceberg. Bailouts are but one example in a long list of privileges that governments give to particular businesses and industries.

Scroll over each form of cronyism to learn more, and read the full paper "The Pathology of Privilege: The Economic Consequences of Government Favoritism.

 

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