Study finds crony capitalists believe markets in America are already too free | Acton PowerBlog

Surprise: The more they profit from gummint help, the more they think it’s a good thing.

As the study notes, “This suggests that the effects of favoritism on cultural understandings grows stronger the more dependent one’s firm is on favoritism.”

An implication of this study is that being the recipient of government favoritism makes business leaders more inclined to embrace other statist cultural understandings. Cronyism, it seems, may be a gateway drug to nationalism, socialism, and pro-statist/anti-freedom positions.

So don’t be surprised when a giant of finance speaks up for the nanny state. “Gateway drug.” I like that. Consider Europe while you’re at it.

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