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.
Op-Ed Writer Freed by Federal Judge
Federal judge orders Trump administration to release Tufts University grad student Rumeysa Ozturk from ICE lockup. Ozturk, who had a valid student visa from Turkey, was only guilty of writing an op-ed. Secretary of State Marco Rubio vilified her and Department of...
