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.
How a Probable Situation Room Leak Made Someone $580 Million in 60 Seconds
The U.S. government is waging an illegal, congressionally unauthorized war on Iran. Thirteen American soldiers are confirmed dead at the time of writing. More than 200 have been wounded. Over $72 billion of your money has been spent in ten weeks. A war powers...






























