While Americans are tempted to see the Chinese economy as something akin to China, Inc., the reality is different. The Chinese government has not found a way to make socialism and interventionism work, no matter what myths might prevail.
Barred from rate associations after 1897, the railroads formed communities of interest by buying their competitors’ stock—cartels in a disguised form.
The more the state is involved in “eliminating” poverty, the more poverty we have in society. The free market is the best means of reducing poverty.
The drama continues in college sports—not on the field, but in the courtrooms—thanks to judges applying antitrust law that does not permit the NCAA to be able to enforce its own rules.
The drama continues in college sports—not on the field, but in the courtrooms—thanks to judges applying antitrust law that does not permit the NCAA to be able to enforce its own rules.
Labor unions and the general public almost totally ignore the essential role played by falling prices in achieving rising real wages.
Public employee unions have used their built-in advantages to damage this country’s political economy and work hardships on taxpayers.
