June 06, 2017

Luanne Zurlo, assistant professor, finance, published commentary in Crux on the Pope’s comments on speculators.

Pope Francis blames speculators for the growth of bureaucracy and burdensome regulations that disadvantage “real entrepreneurs, honest managers” to the benefit of “those who can find the means to circumvent controls and reach their goals.” But a better phrase is “crony capitalism,” where large, politically well-connected enterprises compete unfairly against small firms without the same friends in government.

Continue reading in Crux.