Tag Archives: books

The American Economy is Not a Free-Market Economy

Crony Capitalism in America, 2008–2012. By Hunter Lewis

by David Gordon 

 

Those of us who favor the free market must confront a problem. The virtues of the market, and the vices of socialism and interventionism, have been made incontestably clear by Mises, Rothbard, Hazlitt and others. The case for the free market, as these great figures explain it, can readily be grasped and demands no esoteric knowledge. Yet many academics reject the market. They condemn capitalism for leaving many in poverty and for glaring inequalities. How can so many academics fail to grasp what seem to us obvious truths?

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New Book from Hunter Lewis: Crony Capitalism in America 2008-2012 — Coming September 1

If you enjoy ACC you will also enjoy the new book by Hunter Lewis, co-founder of Against Crony Capitalism, Crony Capitalism in America 2008-2012

When private interests need a political favor, they know whom to call. When politicians need money, they also know whom to call. The people involved try to keep most of it concealed behind closed doors.

This is the system that prevailed in Russia after the fall of Communism. But increasingly it is America’s system as well.

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