Competition is a productive aspect of the market economy, writes Ninos Malek, but sometimes businesses urge the government to intervene when their competitors pose a threat. This is the driving force behind antitrust legislation.
The root of the pension problem, writes Carl Horowitz, is the inherent unsoundness of State-granted guarantees to firms (and unions) against market failure.
In the game Monopoly, owners of land and houses and hotels, through acquiring their possessions by luck, are flattered into believing they are masters of the universe, extracting profits from anyone who passes their way. There is no consumer choice and no consumer sovereignty. This is not a small detail.
We have heard all the claims 10,000 times, and here William Anderson deals with the main ones.
The new protectionists, writes Sudha Shenoy, want to reverse the outflow of US capital to China and India. But it cannot be done, which is good in the long run for everyone.
“The Industrial Revolution - Part One” by Robert LeFevre Robert.
