17 Mar 2014, 3:59 PM PDT
The Economist did its readers a service by elevating cronyism to cover-story status. However, citizens must be clear on what crony capitalism is and what it isn’t. Sadly, the methodology the magazine currently uses to construct its cronyism index misses many of the key variables that drive cronyism. Worse, the magazine’s editorial embrace of government support for green energy and PPPs further undermine its ethos on the issue.
Read the article here.