Cronyism and Corporatism

Section 8 housing was created as an alternative to the disastrous program of public housing. Naturally, it has turned into a racket.

Mark Thornton warns that bombing Iran could unleash a global economic catastrophe while enriching the politically connected interests that profit from war.

Beijing has made technological self-sufficiency and advanced manufacturing priorities, and it has succeeded, but at what cost?

The intellectuals did not merely support the war. They had been waiting for it.

World War I did not interrupt the American corporate state. It built it.

The planned economy big business asked for—and never gave back.

Mark Thornton traces today’s tangled web of paper money, debt, war, and AI malinvestment—from John Law’s Mississippi Bubble to the Fed’s latest distortions.

Marx held that class conflict was the overriding issue of his day, and Marxists still hold to that viewpoint. Their assumptions about class, however, do not square with modern reality.

Shahin Karkhaneh reviews Cronyism: Rise of the Corporatist State, 1849–1929 by Patrick Newman and published by the Mises Institute. 

Mark Thornton argues the AI data-center bond boom is the latest techno bubble—cheap-money malinvestment dressed up as a new era.