No corporation has the authority to acquire cronyism, but the government has the power to. No corporation has the incentive to acquire cronyism where the government has not tread. Only in areas where government has decided to pick winners and losers, redistribute, punish, limit, reward, or subsidize does an entity (individual or corporation) then have a stake or interest in the outcome, and thus a need to be represented in a way that specifically benefits them without regard to other entities.
Sometimes business use government's propensity for interference to limit competition for the reasons stated in this short video.
The greatest errors on thinking of government are thinking that a noble goal results in the intended noble result and that governments can be used as instruments of benevolence. Let not the King's red carpet fool you on your path to the dungeons. Authority granted is not easily relinquished without blood shed.
Tags: Cronyism, Hurting, Economy, corporatism, subsidy, social engineering, Keynesianism, government
Location: United States (load item map)
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