economy

What is Cronyism?

Source: misesmedia YouTube channel.

 

Activists blame “capitalism” for the world’s biggest problems, like the high costs of healthcare. Some even argue that economics itself is simply propaganda for businesses to exploit workers. Government schools often celebrate regulations, subsidies, and other interventions, because they protect consumers against “exploitative” businesses and capitalist “greed.”

 

English

Milton Friedman – Seen vs the Unseen

Professor Friedman explains why the majority of Americans are not represented in the crony capitalistic system that prevails in America. Source: LibertyPen YouTube channel.

 

Transcript:

 

English
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