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.
Short Story – “Actions Have Consequences.”
He sat back into his seat, in his man cave. It had been a long day. He held the whisky. It bit when he sipped. Eyes open ahead as he gulped it down. The glass empty. He poured another. He was still in his uniform. The day had been long. “Are you in there Daddy?” his...





























