Every state has its share of crony capitalism, but Big Oil and the GOP political machine have taken that term to new heights in Alaska. The oil industry, which provides 85% of state revenues, has strived to own the government. Alaska's politicians—in particular ruling Republicans—roll in oil campaign money, lavish oil revenue on pet projects, then retire to lucrative oil jobs where they lobby for sweetheart oil deals. You can love the free market and not love this.
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