Mainstream economics is fixated on market failure. The solution for mainstream economists is always heavy regulation. Capitalism permits global scale enterprises to thrive despite bureaucratic red tape. A private seminar presented at the Mises Institute on 21 February 2012.
Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.