History Of CRONY CAPITALISM And Its Destructive FAILURE | Hn 170

Welcome to the fifth episode of Adam and Tyrone's exploration of the great book, Economic in Three Lessons by Hunter Lewis! Henry Hazlitt's masterpiece has been upgraded, and here on Haman Nature we will guide you through the entirety of this great new book on economics! (links to earlier episodes below)

00:00 – Intro. What up, my cronies! Three is almost always better than one!
03:24 -- Let's read Lesson Three: Enemies of the Free Price System, Chapter 10: Crony Capitalism! How should we feel about using the term "capitalism"?
18:55 -- It's the same story across time and place. England, France, China, wherever, cronies exist to control and steal. Public Choice Theory is always operative.
21:48 -- Let's read Lesson Three: Enemies of the Free Price System, Chapter 11: Laissez-faire Contra the Cronies!
30:22 -- Even a little bit of freedom usually outstrips cronyism! Which raises the question: how rich could we all be without such corruption?
32:37 -- Let's read Lesson Three: Enemies of the Free Price System, Chapter 12: Today's Crony Capitalism! Who says we can't learn (all the wrong lessons) from the past?!
47:34 -- What are the modern effects of cronyism? How does fiat money make it all worse?
49:44 -- Outro. Thank you for watching Haman Nature! (Easter egg: Fun with pronouncing words!)

Book mentioned: Economics in Three Lessons by Hunter Lewis: https://mises.org/power-market/new-hunter-lewis-economics-three-lessons

Economics in 3 Lessons playlist: https://www.youtube.com/playlist?list=PLuDViN4zW9Nz1h73cXCnSXjcx0mlqWX3o

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Adam's other show: https://naturalorderpodcast.com/