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Cronyism, Corporate Welfare, and Inequality

Acton Line

CHAPTER

What Is Cronyism?

What do people mean when they talk about cronyism? Is this just kind of a social media op-ed politicized term or is there actually a technical economic definition. So that gets me to more definitional questions since we've now, I think, touched on the topic. How do we define this in technical economic terms? How does it work or how does it make things not work?"

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