Presentation
Biblical Critique of Crony Capitalism
Association of Private Enterprise Education
(2016)
Abstract
Modern capitalism is often condemned not simply due to market failure (efficiency grounds), but
increasingly due to unjust results (equity grounds). Yet many of the underlying moral concerns
are more appropriately targeted on what is often called crony capitalism, where governmentgranted
privileges lead some to profit at the expense of others. This paper examines the morality
of crony capitalism from a Biblical perspective, comparing the processes used in crony
capitalism against the Biblical requirements for justice, impartiality, loving thy neighbor, and the
role of government.
Keywords
- Crony Capitalism,
- Biblical Morality,
- Free Markets
Disciplines
Publication Date
Spring April 7, 2016
Location
Las Vegas, NV
Citation Information
Jeffrey E. Haymond. "Biblical Critique of Crony Capitalism" Association of Private Enterprise Education (2016) Available at: http://works.bepress.com/jeffrey_haymond/31/