Don’t underestimate the danger of crony capitalism

“A short essay from your editor in Foreign Policy Magazine.”

(From Foreign Policy Magazine)

In a recent piece in Foreign Policy titled “Big Business Isn’t Big Politics,” an excerpt from the new book Big Business: A Love Letter to an American Anti-Hero, the economist Tyler Cowen makes the case that our fears of crony capitalism are “misplaced….However, to dismiss the influence of large private interests is a mistake.