All economic and political systems involve competition over scarce resources. So it's wrong to say competition is the distinguishing characteristic of capitalism.
The core problems protested by the "Yellow Vests" are largely of an economic nature, while they also targeted the political class that is widely seen as being out of touch with reality.
Emmanuel Macron said he wanted to make France more free and more competitive. But his failed tax increase on gasoline shows just how fragile reform attempts are in France.
In 1944, Roosevelt revealed that the original Bill of Rights had “proved inadequate to assure us equality in the pursuit of happiness.” So he proposed to replace it with something far worse.
Federal workers are paid so much more (17 percent more) than private sector workers, they could lose almost nine weeks of pay, never receive back pay, and still be better paid than their private-sector colleagues.
The Fed tells us that the Millennials are less wealthy and lower-income than others. But the Fed ignores its own role in stifling wealth growth among the young.
