Critics of cronyism typically describe the problem as politicians and businesses conspiring to win government favors at the expense of taxpayers, or the public in general. While this view is not entirely wrong, it misses important aspects of the problem and does a grave injustice to businessmen who succeed through production rather than pull. This talk, by Ayn Rand Institute director of Legal Studies Steve Simpson, untangles the confusion about cronyism and explains why its biggest victims are businessmen.
In this sound bite from The Yaron Brook Show, originally aired as part of the December 24, 2016 show, Yaron offers a plan for the Trump Administration’s first 100 days. Touching on cronyism, tax reform, entitlements, education, health care and national defense, this is the advice Brook would give Trump, if he were to ask for it.