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Cronyism: Undermining Economic Freedom and Prosperity Around the World

Backroom deals between members of the governing class and their hand-picked cronies influence the legislative, executive, and regulatory actions of governments around the world. Examples of this ancient form of corruption abound. Government intrusions into the private sector as a partner, financier, or outright owner are not only morally hazardous, but toxic to economic freedom. Such special-interest arrangements directly contradict the principles of freedom, incentives, and opportunity detailed in The Heritage Foundation’s Index of Economic Freedom. Citizens of any country need a system of non-discriminatory markets and impartial credit allocation, as well as rewards for individual success, in order to get ahead based on merit and hard work. ....

United Kingdom , France General , South Korea , Republic Of , United States , Dmitry Medvedev , Gustavo Coronel , Anders Aslund , Todd Mitton , Martin Malia , David Roland Holst , Bloomberg Yoolim Lee , Juan Peron , Johan Norberg , Cristina Fern , Edwardm Kennedy , Ray Krocs , Robert Litan , Elisabeth Sadoulet , Kunio Yoshihara , Abdul Taib Mahmud , Nestor Kirchner , Charles Krauthammer , Mikhail Khodorkovsky , Jacques Chirac , Vladimir Putin ,