Have regulations increased monopolies?

Yes. Absolutely yes! In fact monopolies can not survive without government protection. The economist Murray Rothbard pointed this out. (Others have too.)

In the event of a “free market” monopoly (Actually a misuse of the word “monopoly.” According to Rothbard monopolies were originally granted by a king etc.) the colluders almost always start to undercut each other once they arrive at an agreement. Then sooner or later the cartel starts to fall apart. The only thing that can keep this medium term disintegration from happening is government.

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Trump undertakes most ambitious regulatory rollback since Reagan

Good. Our society is way over regulated. Too many laws. Too many rules. Too much red tape. Too many bureaucrats.*

Not only is it OVER regulated, many of the regulations which burden the economy are written by cronies of various kinds (inside and outside of government) and are designed to hamper competition. The economy needs to be able to breathe to work and to create work for workers.

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Trump’s Plan To Cut Regulations Will Face A Surprising Foe (But not surprising to us)

It’s probably not surprising to regular readers of this website either.

Big business LOVES government. It in many respects LOVES regulations. Whose lobbyists do you think write the regulations?

Regs often game the system toward the connected and entrenched. A Federal subsidy here. A new regulation that shuts out up and coming companies and technology there.

Cutting regulations is good for the economy. It’s good for small and medium sized businesses. It isn’t always so good for the behemoths that have teams of people working the politicians on Capitol Hill.

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Glenn Greenwald: Trump will have vast powers. He can thank Democrats for them.

This is exactly correct. Supposed “liberals” and “progressives” (at least many of them) sold out the last vestiges of “liberalism” with President Obama. In many ways “liberals” and “progressives” within the Democratic Party just devolved into authoritarians. They allowed Obama to run roughshod over the Constitution and to expand the power of the Executive Branch because, well, Obama was your guy.

You were hoodwinked. And the thing is many of you (but not all) were willfully hoodwinked.

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Larry Summers Blasts Trump Carrier Deal

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.

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Noam Chomsky: ‘The Republican Party Has Become the Most Dangerous Organization in World History’

Noam, Noam, Noam, I can understand why you are upset. But “the most dangerous organization in world history”? C’mon that’s hysterical – in both senses of the word.

Trump in many (many) ways is the anti-Chomsky, blowing holes right through the political correctness linguistic critique which was to a large degree pioneered by Noam Chomsky. Now the critique (or is it a facade) is falling apart right before the world’s eyes. It’s got to be difficult for the professor.*

However,

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