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Learning Collections

Crony Capitalism

Corporate Lobbying

Lobbying for special business interests has become commonplace in American political life.

With thousands of registered lobbyists in Washington looking for favors on Capital Hill, what can be done to stem the tide? K Street corporate clients employ these lobbying firms to influence lawmakers and regulators to create favorable conditions for their companies and shut out those with no political influence. If anyone is serious about "draining the swamp" that is Washington, these crony arrangements will have to go.

Crony Capitalism

Farm Subsidies

Farms are important, but government subsidies warp the market and bring unintended consequences that harm consumers and farmers alike.

The U.S. government spends tens of billions of dollars every year on farm subsidies, pushing the price of subsidized crops below what they would be otherwise, flooding the market, and harming potential trade partners who would otherwise be able to sell to the American market. 

Crony Capitalism

Cronyism

Cronyism, also known as corporatism, weakens the free market by using government influence to favor certain businesses over others.

Lobbying, subsidies, tax breaks, regulations, and legislation are all tools used by corporations and government agencies to give unfair advantages to certain businesses while harming their rivals. Meanwhile, small and medium businesses are shut out and consumers can pay the price for limited competition. This causes distortions in the market and weakens the moral framework that should hold together a free society.