The Economics and History of Cronyism, with this opening quote: “When you leave the honey jar open, expect ants.”  Or a definition from elsewhere: “where the profits are privatized and the costs socialized.”

And: Why Capitalism Has an Image Problem. An opening quote:

From the dawn of history until the 18th century, every society in the world was impoverished, with only the thinnest film of wealth on top. Then came capitalism and the Industrial Revolution. Everywhere that capitalism subsequently took hold, national wealth began to increase and poverty began to fall. Everywhere that capitalism didn’t take hold, people remained impoverished. Everywhere that capitalism has been rejected since then, poverty has increased.

Well, there is a difference between “capitalism” and “crony capitalism,” the latter being closer to fascism.

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