Politics Breeds Conflict while the Market Brings Peace

Once again, the presidential selection process has given us a contest between two people who agree on the pressing need to expand the entire welfare-warfare state. They can argue about priorities, but they agree on the overall goal. With the campaign lacking serious issues, something tells me that the great American obsession over race is going to play a major role, which is gravely unfortunate since the discussion is unlikely to be enlightening.

Zhang Shizhi is an independent economist from China.