Meribeth

6%
Flag icon
Political protection is being used for personal enrichment, by stealing from the poor on behalf of the rich, a process known to economists and political scientists as rent-seeking. It is, in a sense, the opposite of freemarket capitalism, and it is opposed by the Left, because of its distributional consequences, and the Right, because it undermines freedom and a truly free market.
Deaths of Despair and the Future of Capitalism
Rate this book
Clear rating
Open Preview