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.
Meta, Sued for Censorship, Announces End to Faux ‘Fact Checking’
Meta’s announcement came a day after a petition to the Supreme Court was filed against Facebook for censoring truth on behalf of the government.
