Acton Institute Powerblog Archives

Post Tagged 'Cronyism'

The Harmful Effects of Protectionism

What is the biggest economic problem that the U.S. is currently facing? Depends who you ask.  Some social justice warriors would tell you that capitalism is ruining our economy, yet many who have studied and understand economics would argue the opposite. Continue Reading...

Just how bad is crony capitalism?

Cronyism is ugly. It hurts the economy, it’s unjust, and corrupts the core of democracy.  “The damage that cronyism has inflicted on the economy is considerable,” Samuel Gregg writes in a new piece for Public Discourse. Continue Reading...

Is Donald Trump a mercantilist?

Being “pro business” doesn’t necessarily mean “pro free markets.” Reality TV star and wannabe Republican presidential nominee, Donald Trump reminds us of this. Writing for The Stream, Acton’s Director of Research, Samuel Gregg, argues that not only does Trump seem to be a mercantilist, but, if implemented, this medieval economic system would weaken the United States. Continue Reading...

The Moral Crisis of Cronyism and Corporate Welfare

U.S. Rep. Justin Amash, in an article for www.mlive.com, discussed the recent charter expiration of the Export-Import Bank (Ex-Im) and how that is a good first-step toward reducing the corporate welfare and crony capitalism that has infected American politics and economics: If a man swipes your wallet, he’s a thief. Continue Reading...

Cronyism Isn’t Just About Economics; It’s About Culture

According to Merriam-Webster, “cronyism” is ” the unfair practice by a powerful person (such as a politician) of giving jobs and other favors to friends.” For instance, former Detroit mayor, Kwame Kilpatrick, surrounded himself with friends and family members while in office, as he cheerfully plundered the city’s coffers, sharing the wealth with his entourage. Continue Reading...

G.I. Joe Vs. the Pentagon’s Crony Industrial Complex

When it comes to spending on national defense the political debate is often presented as a simplistic, binary contest between those who want to spend more and more (often conservatives, who want a strong military) and those who want to spend less and less (often liberals, who want to use the money for social welfare purposes).  Continue Reading...

Death And Redemption In Ukraine

Bohdan Solchanyk was not a materialistic young man. He did not seek worldly pleasures, but rather took delight in his studies, his fiancee, his faith. What Bohdan wanted -what they both wanted – was live in the Ukraine with dignity and freedom. Continue Reading...

Economic Freedom Isn’t Enough

We know that, for economies to thrive, people must be free to start their own businesses without taxing regulations, that free trade must be the de facto means of doing business, and that cronyism and corruption must be eradicated. Continue Reading...