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.
Iran Scorecard: The Fight Continues
2 F-35 stealth fighters hit 4 F-15 Strike Eagles lost 7 KC-135 Stratotankers damaged (one lost) All of those aircraft are a big maybe; fratricide, friendly fire, we don’t know yet. To be fair, let’s suppose not a single aircraft suffered Iranian fire but 11 Reapers...