Tim Carney in a recent column argues that if the GOP takes the Senate this fall the party “could wage war on crony capitalism.”
Unfortunately this is unlikely to happen. (At least this time around.)
I’ll bet that’ll be a fun return.
On the surface this ruling sounds like a win for “workers,” but sadly it’s not. If the government can keep businesses from firing people, indeed in this case force CNN to REHIRE fired workers, businesses will simply choose not to hire new people.
Another good one from Charles Hugh Smith.
I wouldn’t say that we’ve ever totally had classical capitalism and truly free prices, but we have been light years closer to them than we are now.
Charles Hugh-Smith writes of the dimming of the “Chinese Dream.” Introducing the “Ant Tribe.”
In the attached article Glenn Reynolds examines the new, increasingly stratified America.
Most Keynesian economists do not want to admit that we are in another depression. They find the word painful.
As we said yesterday (and many other days) it is pay to play in many parts of our overly politicized economy, and Uber (the world’s leading ridesharing company) wants to play. That’s why it just brought on a high powered consultant formerly of the Obama administration to smooth things over with the other rent seekers.
California, what are you doing to yourself? You were so beautiful. You were once full of so much life. So full of promise and opportunity. But now look at you. The Golden State isn’t very golden anymore. You are sinking into the big government (socialist?) morass more and more every year. You are run by the prison workers, teacher’s, and (apparently) the farm worker’s unions. It’s just a shame.
Good thing they’re handling the money.
I love that “brain drain” is in quotes.