Attention Economy


Sunday, December 4, 2016

Crony Capitalism

George Mason economist Tyler Cowen notes:
“Trump and Bernie Sanders, for all of their populist talk, their actual recipes in both case lead to crony capitalism ... a system where businesses who are in bed with the government and who give the president positive press releases are rewarded and where companies who oppose or speak out against the president are in some way punished.”

Related:
Why Protecting Steel Workers from China’s Imports Doesn’t Help America By Jeffrey Miron