Many factors help explain the rise of the West, including both decentralization and the embrace of laissez-faire. But Europe's unusual pattern of family formation is also a likely and important factor.
Corporate America—from Facebook to Google to Major League Baseball—got rich by giving the consumers what they want. Now these big firms will use their riches to crush their ideological enemies. That's life in a "mixed economy."
After centralizing political power in the presidency to a level unfathomable to most Americans, the nationalists had succeeded, and the new Constitution was ready to be sprung upon an unsuspecting country.
The covid panic brought an end to due process in many ways. Among these are the end of speedy trials and the end of a timely hearing for landlords to obtain evictions. Meanwhile, governments have seized private businesses with no due process at all.
Economic inequality caused by money printing benefits most those who claim to stand up for "the little guy" and denounce "trickle-down" markets. But there is nothing more "trickle down" than government money printing from on high.
The US has millions of idle workers. In a normal economy this would put a damper on demand. But in our money-printing economy, consumer demand is surging even as production falls behind. An employment bubble is the result.
People must still compete for resources in a socialist economy. In fact, the competition is intense. On the other hand, thanks to markets, basic necessities—and even basic luxuries—are now more more accessible than ever.