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people in one group are distrustful, and sometimes resentful, toward people in other groups because of the differential privileges the institutional environment produces. The liberal approach to social justice is to treat everyone as an individual and to treat everyone as equal under the law. Differential privileges based on group membership lead away from liberalism and toward cronyism. SOCIAL JUSTICE 87
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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
Page 39 and 40:
cronyism from gripping every area i
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communism are well documented and w
Page 43 and 44:
Accountability was embodied by refo
Page 45 and 46: despite comprising only 3 percent o
Page 48 and 49: CHAPTER 5: FASCISM Fascism, the pol
Page 50 and 51: use the sword of the Nazi state to
Page 52 and 53: planners created a back door for in
Page 54 and 55: CHAPTER 6: CORPORATISM Corporatism
Page 56 and 57: puts men and their possibilities in
Page 58: that this form of guided capitalism
Page 61 and 62: therefore provide sufficient benefi
Page 64 and 65: CHAPTER 8: PROGRESSIVISM Progressiv
Page 66 and 67: people who argue for limited govern
Page 68: Security, Medicare, and Medicaid do
Page 71 and 72: the direct election of senators, ch
Page 73 and 74: argue for narrow individual interes
Page 75 and 76: their roots to diverse sources of i
Page 77 and 78: promises to assume a company’s de
Page 79 and 80: enefits for his former venture capi
Page 81 and 82: prices of firms within the textile
Page 83 and 84: ment the power to make decisions an
Page 85 and 86: of social justice, cronyism has an
Page 87 and 88: for women in the twentieth century,
Page 89 and 90: ecause it advocates granting these
Page 91 and 92: should pay the same as comparable b
Page 93 and 94: way, the US government replaced the
Page 95: an individual, social justice advoc
Page 99 and 100: the Western democracies that Fukuya
Page 101 and 102: men—rather than the power of the
Page 103 and 104: labor, land, and antitrust reforms
Page 105 and 106: elationship between the prevalence
Page 107 and 108: helping the politicians who protect
Page 109 and 110: while businesses that it supported
Page 112 and 113: CHAPTER 14: CRONYISM AND BIG GOVERN
Page 114: advantage. 3 We cannot evaluate eco
Page 117 and 118: eing the end of history has its fou
Page 120 and 121: CHAPTER 16: ECONOMIC AND POLITICAL
Page 122 and 123: mutual benefit of those involved pr
Page 124 and 125: political connections received huge
Page 128 and 129: NOTES INTRODUCTION 1. Friedrich A.
Page 130 and 131: 4. Murray N. Rothbard, The Ethics o
Page 132 and 133: 2. Byung-Joon Ahn, “The Political
Page 134 and 135: 5. Nuno Luís Madureira, “Carteli
Page 136 and 137: 4. For one example of this argument
Page 138 and 139: 7. Kenneth R. Ahern and Amy K. Ditt
Page 140: CHAPTER 14: CRONYISM AND BIG GOVERN
Page 143 and 144: Stigler, George J. “The Theory of
Page 145: ABOUT THE PUBLISHER The Mercatus Ce
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