In the jungle, consumers compete, tooth and claw, with each other for scarce food. In the market, producers compete, peacefully, with each other, producing abundance for consumers. In the jungle, the rule is: eat or be eaten. In the market, it is: serve so that you may be served.
The Most Important History of Crony Capitalism In 50 Years
It is an exceedingly rare thing that I eagerly await the release of a book. However, Patrick Newman’s second installment in his series on the history of cronyism in the United States, just published by the Ludwig von Mises Institute, is precisely that. Indeed, ever...
