Assignment Task:
Watch the Video on Crony Capitalism: Title: Crony Capitalism Instructions: Watch the video to understand how crony capitalism operates. Pay close attention to the examples provided and the explanation of how political connections are used to gain economic advantages. Research an Example of Crony Capitalism: Search the Internet: Find a contemporary or historical example of crony capitalism. Look for instances where businesses or individuals have used their political connections to gain favorable treatment, such as subsidies, contracts, regulations that benefit them at the expense of competitors, or other forms of government support. Describe an Example: Summarize an example found. Be sure to explain: Who was involved (individuals or companies)? What kind of political or economic advantage they obtained? How this advantage impacted the market or economy.
YouTube Video: What is Crony Capitalism? | 5 Minute Video