These are opposites, not similars.
George Monbiot of Britain’s Guardian newspaper seems to think that Mises is indeed the progenitor of today’s crony capitalism and more.
The states formerly had their own sovereign powers. Now it is the agencies.
It appears clear enough that he has not only leaked classified information. He has done so for partisan political purposes. The US is now one step closer to a Banana Republic.
How Steve Bannon won the election with one brilliant idea
Excellent article! But look who wrote it!
In his Washington Post article, Summers argues for capitalism operating under a rule of law that applies to everyone, not a capitalism that is based on “deals” with government. We agree. The only problem is that coming from Summers it is the height of hypocrisy.
Summers favors policies that put government more and more in control of the economy, which is a sure recipe for crony capitalism.
It’s not just dishonest; it’s childish.
Senator Joe McCarthy perfected the technique in the United States: whenever you disagree with anybody, don’t debate ideas, go right into name calling. In McCarthy’s day, the epithet of choice was “Communist.” In recent years, it has morphed into some variant on bigot: “racist, sexist, homophobe, latinophobe, Islamophobe,
Good question. And one that bears directly on the kind of employment depression we are continuing to experience today.
The article below, a review of a new book by Charles Rappleye, is titled “In Defense of Herbert Hoover.” The reviewer, David Bahr, is right that historians have mostly made a muddle of the start of the Great Depression and the Hoover presidency. But he is wrong that Hoover deserves rehabilitation.
The standard story,
Police reform means reforming police unions and their contracts. There. I have just mentioned the unmentionable.
Public unions of all kinds are the biggest funders of the Democratic Party. Democratic politicians, but also many Republicans, are afraid to take them on. But if we really want to make policing better, open discussion about unions and union rules is essential.
Here is what President Obama told the press on July 10 during his meeting with Prime Minister Rajoy of Spain:
“Just as my hope would be that everybody involved in the Black Lives Matter movement,
My own recent experience with prostate cancer may be useful to you in sorting out the options. I am an investment, not a medical, professional. But for that very reason, I have no biases, no axe to grind, and above all, no income that would be put at risk from progress in medicine.
We live in a world of government enforced medical monopolies. The general rule is that doctors will recommend whatever they do,
Rubio post-mortems miss the point. In the end, it is just more fall-out from crony capitalism.
None of the post-mortems of Rubio’s campaign I have seen mention the real reason why the young senator, so articulate, so successful, recently touted as the future of his party, never got launch speed in his campaign for the presidency. It is actually Senator Charles Schumer’s (D-NY) handiwork, aided and abetted by Rubio’s misjudgment.
Shortly after the 2012 election, the GOP was worrying about Romney’s poor showing among Hispanics.
And how does this relate to crony capitalism?
Commentators have called the last Republican debate “thermonuclear” and similar adjectives, but not ill-mannered, which it was. Is this because good manners no longer matter? Or do good manners actually count against you?
Is this the message we are now sending our young: that manners mark you as weak, and bad manners mark you as strong,
Does he realize what this would do to jobs?
Most of Senator Cruz’s policy proposals are admirably clear. This is in sharp contrast to the evasions of other people running for president, most notably Donald Trump, whose health policy proposals in particular are incoherent, and may in fact most closely resemble Bernie Sanders’s.
On one rather crucial point,
Here we go again.
Franklin Roosevelt infamously redefined the meaning of the word liberalism in the 1930s to mean more and more government control of the economy. This was in complete contradiction to what the word had meant for centuries, as defined by people like Jefferson: less government control of the economy.
Now advocates of more government control over the economy want to redefine populism as Trumpism. I hope they don’t get away with it this time.
Michael Burry was the hero of Michael Lewis’s book the Big Short, about the Crash of 2008, and also the hero of the popular film of the same name.
Burry is a hedge fund investor (Scion Asset Management) who normally keeps a low profile. Lewis is perhaps the most readable writer on Wall Street today. His articles and books are always hard to put down, partly because he finds either very colorful figures or thoughtful,