By Llewellyn H. Rockwell [This article was originally printed in the Free Market, September 1990. It was reprinted in The Left, the Right, and the State (2008).] Socialists want socialism for everyone else, but capitalism for themselves, while capitalists want capitalism for everyone else, but socialism for themselves. Neither Ted Kennedy nor Jane Fonda practices a … [Read more...] about The Regulatory-Industrial Complex
Regulations
Philadelphia’s Sweetened Drink Sales Drop 38% After Beverage Tax
PHILADELPHIA - One year after Philadelphia passed its beverage tax, sales of sugary and artificially sweetened beverages dropped by 38 percent in chain food retailers, according to Penn Medicine researchers who conducted one of the largest studies examining the impacts of a beverage tax. The results, published this week in JAMA, translate to almost one billion fewer ounces of … [Read more...] about Philadelphia’s Sweetened Drink Sales Drop 38% After Beverage Tax
Yes, The System is “Rigged”—The Question Is How
By Bruce Yandle Once again, some leading capitalists are worried about capitalism’s future, as indeed they should be. Their voices join those of critics from the left who think America’s version of capitalism is rigged. And rigged it is. Recently, JPMorgan Chase CEO James Dimon and large hedge-fund manager Ray Dalio expressed concern about the health of American … [Read more...] about Yes, The System is “Rigged”—The Question Is How
Occupational Licensing — An Unnecessary Evil
By Paul Boyce Occupational licensing comes under the guise of protecting the consumer from poor quality service. Professions that require licensing in the US include; nursing, law, dentistry, teaching, accounting, psychology, engineering, and architecture — among many others. This is to ensure that the service received is of a satisfactory standard. Occupational … [Read more...] about Occupational Licensing — An Unnecessary Evil
We Should All Regulate Facebook and Google
By Max Gulker Our economy depends on the continued forward march of technological progress. But with this growth come new problems and, inevitably, new regulation. We must ensure that this regulation does not stifle tomorrow’s innovations, whose details we cannot predict in advance. In a recent New York Times op-ed, Kara Swisher zeroes in on the way the large tech … [Read more...] about We Should All Regulate Facebook and Google