Poison Pero is RIGHT!

Sunday, April 03, 2016

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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