Cronyism, Corporate Welfare, and Inequality
August 9, 2023
In this episode of Acton Line, Dylan Pahman, executive editor of the Journal of Markets and Morality, and a research fellow here at Acton, interviews Dr. Anne Rathbone Bradley about her lecture at Acton University on “Corporate Welfare and Inequality.”
In this conversation, this discuss why the prices of some goods, like education and healthcare, risen at astronomical rates while others, such as video games, remain fairly unchanged in price despite monumental improvements in quality and steady inflation over the decades. Also, what happens when companies use government privilege to secure special favors that push would-be competitors out of markets? What can be done about the unjust inequalities created by corporate welfare?