Cronyism and Corporatism

The prominent international commentator Saifedean Ammous

Murray Rothbard saw government as a predatory, criminal entity and the Microsoft lawsuit of 1998 proved to be a classic example of government organized crime in action.

Murray Rothbard saw government as a predatory, criminal entity and the Microsoft lawsuit of 1998 proved to be a classic example of government organized crime in action.

Elon Musk becoming the world’s first trillionaire has triggered a familiar round of progressive outrage. But the imprecise focus on wealth distribution obscures the real issue: how much of modern wealth is acquired through politics rather than production.

Thanks to the Fed’s creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingly scarce.

Thanks to the Fed’s creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingly scarce.

The latest rage among defense contractors is the rise of the high-tech “neo-primes,” firms which supposedly will apply “smart” militarization. History and reality tell us, however, that these companies soon enough will be as bloated and corrupt as their contemporaries.

The latest rage among defense contractors is the rise of the high-tech “neo-primes,” firms which supposedly will apply “smart” militarization. History and reality tell us, however, that these companies soon enough will be as bloated and corrupt as their contemporaries.

Murray Rothbard famously asked Cui bono? to help unearth government scandals. Kenya’s politicians certainly benefitted from the Eurobond affair.

Why do broken political systems survive despite failures? Don’t blame stupid people; it’s the smart ones that keep these broken systems afloat.