Cronyism is the practice by which government officials—Democrats and Republicans, liberals and conservatives—give preferential treatment to particular firms or industries in exchange for votes, campaign contributions, or the pleasure of promoting pet projects. Favored companies reap financial rewards, reduce their exposure to risk, and gain an advantage over rivals who don’t get the same government help. And as Veronique de Rugy explains in our November issue, the practice of crony capitalism is thriving in America today.
GET REASON MAGAZINE
Get Reason's print or digital edition before it’s posted online
- Video Game Nation: How gaming is making America freer – and more fun.
- Matt Welch: How the left turned against free speech.
- Nothing Left to Cut? Congress can’t live within their means.
- And much more.