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.
What It’s Really Like Inside the Criminal Justice System
Picture this: you're an illiterate French sailor pulled from your wedding banquet by royal gendarmes into the office of a deputy crown prosecutor. It's not a public hearing. You have no written complaint formalizing the charges against you. You have no lawyer. You...































