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Don't worry! Cronyism can be a symptom of too much public power, too! Did you think that Chinese firms thrive on merit, or access to cheaper-than-free capital s
by fennecfoxen 5y ago
Don't worry! Cronyism can be a symptom of too much public power, too! Did you think that Chinese firms thrive on merit, or access to cheaper-than-free capital supplied by political connections?
- jacknews 5y agoYes, when I wrote 'private power', I really meant 'personal power'. Some of the worst cronyism is in so-called communist countries.