Tag: Corporatism

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...
Read More »

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...
Read More »

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...
Read More »

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...
Read More »

Crisis and Leviathan, 25th Anniversary Edition »

The Independent Institute is delighted to announce the publication of the 25th Anniversary Edition of Crisis and Leviathan: Critical Episodes in the Growth of American Government, by Independent Institute Senior Fellow Robert Higgs. First published in 1987, this classic work introduced to the reading public the notion that national crises—the Great Depression, the two...
Read More »

Obama Beneficiaries Are Top Obama Campaign Donors »

This “no surprise here” story in the San Francisco Chronicle shows that Silicon Valley, broadly defined as four Bay Area counties, has now surpassed New York City as the top source for Obama campaign contributions, providing a staggering $14,703,167 to his current reelection campaign, as against New York City’s “mere” $14,529,760. If we, as...
Read More »

Once More, with Feeling: Our System Is Not Socialism, but Participatory Fascism »

I continue to encounter many discussions in which the author or speaker bemoans the economic order’s drift toward socialism or, in some cases, its actual existence as such. If this characterization were simply a matter of linguistic imprecision, it might not matter much. But it is much more than a matter of terminology, because...
Read More »

QE3: An Example of Regulatory Capture »

One of Nobel Laureate George Stigler’s best-known articles is his “The Theory of Economic Regulation,” in which he argues that over time, regulatory agencies that are designed to regulate industries for the public interest become “captured” by the industries they are supposed to regulate. Stigler’s “capture theory of regulation” concludes that regulators end up...
Read More »

GM, QE3, and Crony Capitalism »

Yesterday on The Beacon I noted that the Federal Reserve’s new “quantitative easing” measure, QE3, is an example of crony capitalism: the use of public policy to increase the profitability of specific firms and industries. Today I want to compare QE3 with another example of crony capitalism to reinforce the point. General Motors provides...
Read More »

Groundbreaking New Book: Priceless: Curing the Healthcare Crisis, by John C. Goodman »

We are very pleased to announce the publication of our very timely, widely acclaimed, and compelling, new book on how to get beyond partisanship and special-interest politics to resolve one of biggest issues facing us today, Priceless: Curing the Healthcare Crisis by our Research Fellow John C. Goodman. Dr. Goodman is the renowned, free-market,...
Read More »