Wednesday December 18, 2024

Free Market Capitalism vs. Crony Capitalism: Unveiling the Key Differences

Free Market Capitalism vs. Crony Capitalism: Unveiling the Key Differences

by Jamie Redman October 24, 2024 1 min read

(Originally posted on : Bitcoin News )

Capitalism, in its purest form, is often misunderstood, mainly due to the presence of government intervention in today’s economies. The free market, which thrives on voluntary exchanges and limited government interference, is frequently mistaken for “crony capitalism.” This latter system sees heavy government involvement, often to the advantage of particular businesses or industries through subsidies, […]

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