Mario Villarreal-Diaz on the Road to Cronyism

Published: May 6, 2019, 4:52 p.m.

If real capitalism exists, is it sustainable? Or does capitalism in a democracy always devolve into corporatist cronyism? In this talk, Mario Villarreal-Diaz discusses how free markets may have a tendency towards cronyism, how the democratic political process makes this trend worse, and what can be done to mitigate emerging related problems.