Sweden’s Pirate Party has won entry to the European Parliament in Brussels in elections held Sunday.
The Pirate Party gained 7 percent of the Swedish votes and secured at least one of the 18 seats that Sweden holds in the parliament.
The reason there is an interventionist-welfare state is that there are individuals and groups in the society who want “other people’s money.” The political process is the mechanism that these individuals and groups use to get that money via regulation, protections, and redistribution.
[This article originally appeared in The Freeman, October 1969.]
Of all the data on the markets page, this is the chart I find most riveting.
Verizon has recently been on both ends of the contemptible U.S. antitrust law. The company has been the victim of antitrust laws and is now attempting to use them against competitors.
Despite the fierce competition between the four dominate wireless providers (Verizon, AT&T, Sprint Nextel & T-mobile) as well as numerous smaller firms, the government has seen it necessary to involve itself. Verizon recently completed a merger with Alltel. One of the conditions of this merger was that Verizon divest itself of many of Alltel’s assets and customers.
