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.
The Kyle Anzalone Show guest LARRY JOHNSON: ECONOMIC D-DAY IS HERE! Does Trump Finally Have a Winning Strategy?
“Economic D-Day against Iran” makes for great TV, but it only matters if the US can actually enforce it. Kyle sits down with Larry Johnson, a former CIA analyst and the writer behind Sonar21, to pressure-test the Trump administration’s new sanctions push, “Operation...