Is Mayor Pete Right About Crony Capitalism?


His idea, common enough, is that giving government more power will fix government corruption.


Mayor Pete is accurate in his assessment of what libertarians refer to as “crony capitalism,” but his proposals involve more laws, regulations, and bigger government. What Mayor Pete either doesn’t understand – or doesn’t care about – is the fact that the bigger the government’s reach and authority is, the more crony capitalists want to buy off the same lawmakers who are supposed to look out for the general interest of all Americans – not just billionaires, and big corporations.

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