The free market is innocent. But it's fair to say that crony capitalism created the economic mess. ... What is crony capitalism? It's the economic system in which the marketplace is substantially shaped by a cozy relationship among government, big business and big labor. Under crony capitalism, government bestows a variety of privileges that are simply unattainable in the free market, including import restrictions, bailouts, subsidies and loan guarantees. ...
- John Stossel
Monday, January 18, 2010
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