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LIBERALISM AND CRONYISM Two Rival P
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LIBERALISM AND CRONYISM: TWO RIVAL
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CONTENTS Introduction 1 Chapter 1:
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INTRODUCTION People often see polit
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who have the power to make decision
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CHAPTER 1: LAYING A FOUNDATION Befo
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hijacking of the term to describe a
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esources can be taken from some for
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suffers from “market failure,”
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is a group of cronies in a dictator
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ecause it permits voluntary exchang
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people’s economic well-being. The
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consumer demands. Examples of rent-
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the Politburo and the needs of conn
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consider the benefits and costs of
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upon state privilege and disproport
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their loyalty to the socialist stat
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cronyism from gripping every area i
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communism are well documented and w
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Accountability was embodied by refo
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despite comprising only 3 percent o
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CHAPTER 5: FASCISM Fascism, the pol
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use the sword of the Nazi state to
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planners created a back door for in
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CHAPTER 6: CORPORATISM Corporatism
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puts men and their possibilities in
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that this form of guided capitalism
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therefore provide sufficient benefi
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CHAPTER 8: PROGRESSIVISM Progressiv
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people who argue for limited govern
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Security, Medicare, and Medicaid do
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the direct election of senators, ch
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argue for narrow individual interes
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their roots to diverse sources of i
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promises to assume a company’s de
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enefits for his former venture capi
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prices of firms within the textile
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ment the power to make decisions an
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of social justice, cronyism has an
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for women in the twentieth century,
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ecause it advocates granting these
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- Page 133 and 134: CHAPTER 5: FASCISM 1. Peter Temin,
- Page 135 and 136: CHAPTER 8: PROGRESSIVISM 1. Terry L
- Page 137 and 138: 16. Bruce Yandle, “Bootleggers an
- Page 139 and 140: 3. Eamonn Fingleton, “Japan’s I
- Page 144 and 145: ABOUT THE AUTHORS Randall G. Holcom