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The Intertwined Reality of Crony Capitalism and Debt Inequality: What We Need to Know
The Consequences of Crony Capitalism
Crony capitalism, or the idea of government and business working hand in hand to gain financial benefits, has been a prevalent issue in our society for a long time.
The consequences of this intertwine between the government and big business are vast and often negatively impact society as a whole.
For example, when the government supports big businesses, it often results in a lack of competition and can lead to monopoly-like situations, where prices are inflated and choice is limited for consumers.
Furthermore, the resources and opportunities provided to big businesses can often result in the decline of small businesses and the loss of jobs for individuals.
The Problem of Debt Inequality
Debt inequality is another problem that is intertwined with crony capitalism.
The gap between the rich and poor continues to grow as the wealthy accumulate more wealth and resources.
This is due, in part, to the government and big business working together to their mutual benefit. The result is that the wealthy have access to more opportunities and resources…
