Why Americans Love Crony Capitalism with guest Thomas DiLorenzo
Why do so many Americans suddenly accept crony capitalism? Thomas DiLorenzo, author and senior fellow at The Mises Institute, joins the podcast to discuss the varying schools of economics, the history of crony capitalism, how Americans have typically always been against it until the recent pandemic with big pharma and the shuttering of small businesses in favor of large corporations, as well as the obvious relationship between governments and the climate change community (their push to end industries, like coal and oil, as well as their push to move everyone to electric vehicles and more).
Why do so many Americans suddenly accept crony capitalism? Thomas DiLorenzo, author and senior fellow at The Mises Institute, joins the podcast to discuss the varying schools of economics, the history of crony capitalism, how Americans have typically always been against it until the recent pandemic with big pharma and the shuttering of small businesses in favor of large corporations, as well as the obvious relationship between governments and the climate change community (their push to end industries, like coal and oil, as well as their push to move everyone to electric vehicles and more).
Thomas DiLorenzo is a former professor of economics at Loyola University Maryland and a member of the senior faculty of the Mises Institute. He is the author of How Capitalism Saved America; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Problem with Lincoln.