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: Trump Demands Iran’s UNCONDITIONAL SURRENDER
A president calls for Iran’s “unconditional surrender,” then floats picking the next government and rebuilding a nation of 90 million. We unpack how a mission that began as punitive strikes ballooned into de facto nation building, why timelines quietly stretched from...
