What is cronyism? Samuel Gregg on reason and faith in Western civilization
Cronyism is everywhere, affecting industries, entrepreneurs and customers and distorting the market through political advantage. So what is cronyism and how does it compromise genuine capitalism? Anne Rathbone Bradley, the current academic director at The Fund for American Studies, as well as the vice president of Economic Initiatives at the Institute for Faith, Work and Economics, comes onto the show to explain how cronyism affects the market and how to combat it. Afterwards, Acton's director of research, Samuel Gregg joins the show to talk about his new book, "Reason, Faith, and the Struggle for Western Civilization." Gregg lays out what he believes defines the West, how the disintegration of reason and faith has caused the West to decline and what can be done to reclaim it.