Prager U video: Capitalism Explained Part 8—Why do Capitalists abhor Crony Capitalism?
Prager U video: Capitalism Explained Part 8—Why do Capitalists abhor Crony Capitalism? What is Crony Capitalism? https://www.prageru.com/videos/what-is-crony-capitalism Capitalism requires a voluntary exchange between independent parties—who agree only when a transaction creates value for everyone. Crony capitalism, on the other hand, distorts value because one of the parties—the government—has…









