“There is an inherent tendency in #capitalism towards cronyism, and democracy enhances it. That means that capitalism is not sustainable in a #democracy, and those of us who defend #markets need to take that part of the argument from the left seriously. #Cronyism is not the opposite of capitalism. It is something that capitalism turns into in a political system that allows #freedom, and we should be worried about that. We should credit that as legitimate #criticism.”

— #MichaelMunger, on the #FreeThoughts podcast

https://www.libertarianism.org/podcasts/free-thoughts/capitalism-and-its-critics