Changes

'''Crony capitalism''' is a left-leaning [[economic]] system which is more like an [[oligopoly]] than free enterprise.  In crony capitalism, investments are not based on [[morality]] or true [[free enterprise]].  Often in crony capitalism the government picks winners and losers through the use of grants, contracts, loan guarantees, [[regulation]]s, [[bailout]]s and other ways of extending favors to friends while penalizing competitors.

'''Crony capitalism''' is a left-leaning economic system which is more like an oligopoly than free enterprise.  In crony capitalism, investments are not based on morality or true free enterprise.  Often in crony capitalism the government picks winners and losers through the use of grants, contracts, loan guarantees, [[regulation]]s, [[bailout]]s and other ways of extending favors to friends while penalizing competitors.  

 

"Infrastructure" legislation, such as that considered by the [[U.S. Senate]] in August 2021, is stuffed with crony capitalism such as its $7.5 billion to pay for charging stations for [[Electric Vehicle]]s, when the [[free market]] pays for gas stations.

Crony capitalism also can work to the disadvantage of workers and consumers, for example when coal-burning electric plants import cheaper coal because of lower foreign labor costs, American coal miners are laid off due to [[EPA]] regulations, and consumers see no reduction in electric rates.

Crony capitalism also can work to the disadvantage of workers and consumers, for example when coal-burning electric plants import cheaper coal because of lower foreign labor costs, American coal miners are laid off due to [[EPA]] regulations, and consumers see no reduction in electric rates.

*[https://www.washingtontimes.com/news/2013/apr/5/burying-crony-capitalism/ Burying crony capitalism: The courts strike a blow for economic freedom] - Editorial in the ''[[Washington Times]]''

*[https://www.washingtontimes.com/news/2013/apr/5/burying-crony-capitalism/ Burying crony capitalism: The courts strike a blow for economic freedom] - Editorial in the ''[[Washington Times]]''

*[https://www.prageru.com/video/what-is-crony-capitalism/ What is Crony Capitalism?] - Video from ''[[Dennis Prager|Prager University]]''

*[https://www.prageru.com/video/what-is-crony-capitalism/ What is Crony Capitalism?] - Video from ''[[Dennis Prager|Prager University]]''

 

[[Category:Economics]]

[[Category:Economics]]

[[Category:Liberalism]]

[[Category:Liberalism]]

[[Category:Socialism]]

[[Category:Socialism]]

[[Category:Corporate Threats]]

[[Category:Corporate Threats]]