Donald Trump’s election has spotlighted an important issue: cronyism and the “rigged system” that has special interests in bed with government, getting bailouts and other favors.
Stories about government officials getting perks from those with business before them aren’t exactly rare today. Remember those amazing loan deals Senator Chris Dodd received from Countrywide Bank while he was the Chairman of the Senate Banking Committee? Or the millions in donations made to the Clinton Foundation by foreign governments and companies that stood to benefit from arms deals with the U.S. while Hillary was Secretary of State?
In November, ARI’s director of legal studies, Steve Simpson, will be on ARI's “Road to a Free Society” tour. Across the country he will be giving a talk titled “Cronyism, Corruption and Government Power.” Is there any truth to the claims that our government is corrupt and cronyism rampant? In his talk, Mr. Simpson will argue that there is something to the issues of “cronyism,” but not in the way that most people think.