Nearly everyone complains about capitalism’s defects, or market failures. In fact, those are social failures, not specifically market failures, which show up when many rational individual actions create a social situation that displeases everyone. This means that government dirigisme — state direction or displacement of the market — cannot be a remedy because who do you think staffs the government and how do they get there? A big difference between the two systems — market and state — is that while the market diminishes social defects, the government magnifies them.
The Kyle Anzalone Show: COL. Douglas Macgregor on Iran, Ukraine, and the Fall of U.S. Power
A wall of U.S. air and naval power now sits within reach of Iran, but does massed hardware equal a winning strategy? We sit down with Colonel Douglas Macgregor to map the real shape of a campaign: suppressing integrated air defenses, cracking command-and-control, and...
