Tag: Corporatism

Stockman: Cronyism Is Destroying American Capitalism and American Democracy »

I’ve recently read David Stockman’s book, The Great Deformation: The Corruption of Capitalism in America. (You can buy it at Amazon, but it’s cheaper at the Mises Institute.) Stockman explains how cronyism has grown throughout the 20th century in America, placing much blame on the Federal Reserve, and describing how businesses have managed to...
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President Obama on Inequality: Rhetoric vs. Reality »

President Obama has recently promoted inequality as a fundamental threat to our way of life, saying, “The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe.” You can read the rhetoric here. Let’s look at...
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The “Rs”: Understanding the Death Spiral in the Obamacare Exchanges »

One month after the worst product launch in modern history (yes, worse than “New Coke”), the big question is: Will the federal government be able to rescue health insurers who will lose lots of money in the Obamacare exchanges? At the beginning of the Obamacare negotiations, insurers recognized that their actuaries would have trouble...
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All Government Policies Succeed in the Long Run »

A crazy claim you are probably thinking after reading my title. After all, “failed policies” are a staple of discussions and debates about government actions in the United States. Everybody, regardless of political preferences, has a list of what he regards as the most glaringly failed policies. This way of looking at the matter,...
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Creative Destruction—The Best Game in Town »

In his justly famous 1942 book Capitalism, Socialism and Democracy, Joseph A. Schumpeter described the dynamics of a market economy as a process of “creative destruction.” In his view, innovation—“the new consumers’ goods, the new methods of production or transportation, the new markets, the new forms of industrial organization that capitalist enterprise creates”—drives this...
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Jim Crow and the Progressives »

Historians often speak glowingly about the Progressive movement of the late 19th and early 20th centuries. Typically they write off the racist statements made by many of its leaders—Herbert Croly, John Dewey, Teddy Roosevelt, Woodrow Wilson, and others—as minor “blind spots” unrelated to Progressivism. But perhaps the apologist historians also have trouble seeing clearly....
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Crony Capitalism? »

The US Postal Service is selling hundreds of properties in prime locations across the country to help them deal with their financial difficulties. In the past, the USPS has used multiple real estate agents to sell their properties, but in 2011 the USPS signed a contract with CBRE Group to be the sole provider...
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Libertarian Wishful Thinking »

As a rule, libertarians incline toward wishful thinking. They constantly pluck little events, statements, and movies from the flow of life and cry out, “Eureka! Libertarianism is on the march!” With some of my friends, this tendency is so marked that I have become amused by its recurrent expression—well, there he goes again! Some...
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Fascinating Questions from The Independent Review »

The Spring 2013 issue of The Independent Review—the Independent Institute’s flagship scholarly journal, edited by Robert Higgs—is hot off the press. Below you’ll find links to articles and book reviews that address a host of intriguing questions: Why have domestic police agencies across the United States resorted increasingly to “no-knock” raids and other military-type...
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Greatest Hits of 2012 »

Which articles on the Independent Institute’s websites and blogs received the most views last year? We thought you might be wondering! To satisfy your curiosity, we’ve put together two lists—each one shedding light on what most attracts the attention of our Internet audience. The first list of “articles” includes blog posts from The Beacon...
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