Unveiling Political Capitalism: Elite Power Over Masses Exposed
The article "Political Capitalism: How Economic and Political Power Is Made and Maintained" discusses how problems like cronyism and policies favoring the elite are not just corruption, but symptoms of a unique system called political capitalism. It shows that political capitalism is not just government intervention in a market economy, but a distinct economic system. The author uses economic theories to explain how changes in political ideology have led to the growth of political capitalism. The article suggests ways to redirect public policy towards the public interest.