38 Studios: Curt Schilling’s Crony Capitalism Debacle

Thu, 01/03/2013 - 5:56pm | posted by Jason Pye

Via Reason: The 2012 bankruptcy of Rhode Island-based video-game developer 38 Studios isn’t just a sad tale of a start-up tech company falling victim to the vagaries of a rough economy. It is a completely predictable story of crony capitalism, featuring star-struck legislators and the hubris of a larger-than-life athlete completely unprepared to compete in business.

Former Boston Red Sox pitcher Curt Schilling, an iconic figure in New England after anchoring a historic playoff comeback which ended a legendary 86-year title drought, founded 38 Studios near the end of his baseball career in the hopes of becoming a big shot in the intensely competitive multi-player gaming world.

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  • Tagged: 38 Studios baseball Boston Red Sox crony capitalism cronyism Curt Schilling Philadelphia Phillies

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