Ask a Libertarian 2012 with Nick Gillespie and Matt Welch: What is the libertarian solution to crony capitalism?

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Welcome to Ask a Libertarian 2012 with Reason's Nick Gillespie and Matt Welch. They are the authors of the book, The Declaration of Independents: How Libertarian Politics Can Fix What's Wrong With America, coming out in paperback with a new foreword covering Occupy Wall Street and more, on June 26.

In this video, they answer the question:

"What is the libertarian solution to crony capitalism? And, if it is possible to abolish crony capitalism, how do people prevent it from coming back?" - sent by Franklin Carter

Produced by Meredith Bragg, Jim Epstein, Josh Swain, and Tracy Oppenheimer with help from Katie Hooks.

To watch answers from 2011's Ask a Libertarian series, go here.