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.
Trump Bombs Iran: Bovard’s First Penalty Flags
If only the Japanese had issued a "time for peace" statement after bombing Pearl Harbor like Trump did tonight. Shakespeare wrote: "Cry havoc and loose the dogs of war." Trump had his 4 minute victory lap statement tonight. Will he still be strutting on Independence...