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.
Overlord: Thomas Eddlem Unmasks The Empire
Thousands of scholars have taken on the central geopolitical question: Is the United States of America an empire? It’s a fierce debate that has unfolded over decades, places the moral status of our society at stake, and has four prevalent positions: 1.    Libertarian...