Prager University: What is Crony Capitalism?
"We teach what isn't taught." - Dennis Prager
This semester of Prager University is presented by: Jay Cost
"Capitalism is moral, because it is premised on a voluntary exchange between independent parties, who agree to the deal only because it creates value for everybody. Crony capitalism is immoral because one of the parties - the government - has been bought off.." - J.C.
"3 problems with crony capitalism. 1. It is unfair...2. It is incredibly wasteful...3. It tempts politicians to break the law." - J.C.
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