Crony Capitalism, Why it Matters, and Its Solution, Made Simple

WhatIsCronyCapitalismPragerUDailyBusinessNewsMHProNewsIn 2016, the total lobbying spending amounted to 3.15 billion U.S. dollars. Since the turn of the millennium the amount spent on lobbying in the United States has more than doubled,” according to Statista.

Spending on lobbying approached $1 billion in first quarter,” said the Washington Post.

Corporations, associations, and others that want a piece of a multi-trillion dollar pie lobby for incentives, for money, to start, change, or stop legislation.

Jay Cost, staff writer at the Weekly Standard, narrates the video that explains the basics about “crony capitalism.”

What do those terms mean? Why should we care? Is there a way to reduce corruption and restore our trust in government?  ## (Background, analysis, and commentary.)



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