Cronyism: Undermining Economic Freedom and Prosperity Around the World
Backroom deals between members of the governing class and their hand-picked cronies influence the legislative, executive, and regulatory actions of governments around the world. Examples of this ancient form of corruption abound. Government intrusions into the private sector as a partner, financier, or outright owner are not only morally hazardous, but toxic to economic freedom. Such special-interest arrangements directly contradict the principles of freedom, incentives, and opportunity detailed in The Heritage Foundation’s Index of Economic Freedom. Citizens of any country need a system of ...
Source: heritage.org