Cronyism and Corporatism

The myth that won't die is that Nazi Germany was a fully functioning free-market economy. In truth, it was effectively as socialist as its supposed rival, the USSR.

Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?

The Davos crowd sold globalization as a way to bring nations together. Unfortunately, by insisting on political conformity, the globalists have set the world on fire.

The Davos crowd sold globalization as a way to bring nations together. Unfortunately, by insisting on political conformity, the globalists have set the world on fire.

Once upon a time, the progressive hero was "socialist man." Today, we have "Davos man," who is ready to plan your life for you—your wishes notwithstanding.

Ryan McMaken and Tho Bishop discuss recent inflation news, broader chaos in financial markets, and another round of funding for Ukraine.

The patent system in pharmaceuticals incentivizes firms to game the system for monopoly profits.

Much of what we might call monopoly capitalism (or crony capitalism) can be tied to intellectual property laws.

Michael Rectenwald takes on the progressive canard of "socialism for the rich, capitalism for the poor," in which the government protects the wealthy but throws everyone else to the tender mercies of rapacious capitalism.

Contrary to what progressives may claim, Twitter has not been the "town hall for democracy," but rather an enforcer for "wokeness, political fealty, and obedience to official state dictates and narratives."