Bureaucracy and Regulation

Even if climate change were catastrophic and if technological and economic changes could mitigate or even reverse it, should we trust that task to governments?

After many years of ruinous socialist rule, Zimbabwe desperately needs to rediscover private property rights in order to become prosperous.

The top AI CEOs aren't acting like they genuinely believe their technology will soon cause human extinction. But they are acting like the successful cartelizers of history, who recognized that state power is the best way to protect market dominance.

The Beef Trust, the pure-food coalition, and the American Medical Association: three campaigns waged in the name of public health.

Barred from rate associations after 1897, the railroads formed communities of interest by buying their competitors’ stock—cartels in a disguised form.

Patrick Newman traces the Federal Trade Commission’s cartelizing arc: “advance advice,” uniform cost accounting, a brief Wilson reversal, Harding-Coolidge recapture, and Hoover’s subsidies and patent restrictions.

The top AI CEOs aren't acting like they genuinely believe their technology will soon cause human extinction. But they are acting like the successful cartelizers of history, who recognized that state power is the best way to protect market dominance.

After the merger wave of 1898 and 1899, big business wanted relief from antitrust suits and protection from price-cutting.

As governments grow in size and power, some come to believe that this growth can go on indefinitely. But state power, too, has its limitations.

Modern civil rights laws and policies have made a large number of people better off. However, the beneficiaries are not the people that the civil rights establishment claims to be helping. No one understands this better than the great economist, Thomas Sowell.