End crony capitalism to end global poverty

Published June 14, 2016 4:04am ET



For as long as there have been government officials, there have been economic cronies — friends, family, and associates who use their connections for their own financial gain.

In ancient Israel, for example, when the prophet Samuel appointed his own sons as leaders, they began to engage in cronyism. The book of Samuel tells us that “they turned aside after dishonest gain and accepted bribes and perverted justice.”

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