The American Economy is Not a Free-Market Economy – David Gordon – Mises Daily

Quote >> Lewis states his arresting thesis in this way: “indeed it may be argued that cronyism is as old as recorded human history and has always been the dominant system. This is precisely why the human race has made so little progress in overcoming poverty. For most of human history, there has been no economic growth at all. People born poor died poor. Whenever economic capital began to be accumulated, it was generally stolen by rulers or their friends or allies.” (p. 9) <<EndQuote

via The American Economy is Not a Free-Market Economy – David Gordon – Mises Daily.

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