โข
It would let bureaucrats at the new Federal Automation and Worker Protection Agency sit in judgment of what constitutes beneficial forms of innovation and ask them to predict or plan our technological future.
What is the right principle? It is this: consent โ by both parties.
โข
Modern agricultural technologies and long-distance trade have benefitted the environment by concentrating food production in the best locations and by drastically increasing yields.
โข
Many laws and regulations create direct or indirect barriers to the emergence of new ideas and organizations.
โข
Global capitalism has made possible our aesthetic choice for minimalism. The infinite complexity of the global division of labor and international supply chains makes our simplicity seem easy.
โข
Facebook’s Libra is easily and probably rightly criticized by crypto purists as a halfway house that makes too many concessions to legacy systems and plays too nicely with the existing regulatory system. All true. But thatโs not where the story ends.
โข
Crony capitalism comes in different shapes and sizes, with policies like bailouts, trade barriers, tax credits, and subsidies all benefiting certain companies at the expense of their competitors.
โข
Forcing social media sites to โdisappearโ or be broken up is one of the worst ways to deal with these concerns.
โข
These easy-to-assemble retail kiosks arenโt just a great example of the marketโs ingenuity, they are also proof that the market provides an answer to customersโ needs, even if these needs are the product of artificial barriers imposed by the government.
โข
When companies are allowed to compete openly, without resorting to the government for special protections that keep competitors at armโs length, some firms may even suffer as they try to adapt to better serve their customers. But in the end, it is the consumer who benefits the most as more companies means more options and…
โข
It would let bureaucrats at the new Federal Automation and Worker Protection Agency sit in judgment of what constitutes beneficial forms of innovation and ask them to predict or plan our technological future.
What is the right principle? It is this: consent โ by both parties.
โข
Modern agricultural technologies and long-distance trade have benefitted the environment by concentrating food production in the best locations and by drastically increasing yields.
โข
Many laws and regulations create direct or indirect barriers to the emergence of new ideas and organizations.
โข
Global capitalism has made possible our aesthetic choice for minimalism. The infinite complexity of the global division of labor and international supply chains makes our simplicity seem easy.
โข
Facebook’s Libra is easily and probably rightly criticized by crypto purists as a halfway house that makes too many concessions to legacy systems and plays too nicely with the existing regulatory system. All true. But thatโs not where the story ends.
โข
Crony capitalism comes in different shapes and sizes, with policies like bailouts, trade barriers, tax credits, and subsidies all benefiting certain companies at the expense of their competitors.
โข
Forcing social media sites to โdisappearโ or be broken up is one of the worst ways to deal with these concerns.
โข
These easy-to-assemble retail kiosks arenโt just a great example of the marketโs ingenuity, they are also proof that the market provides an answer to customersโ needs, even if these needs are the product of artificial barriers imposed by the government.
โข
When companies are allowed to compete openly, without resorting to the government for special protections that keep competitors at armโs length, some firms may even suffer as they try to adapt to better serve their customers. But in the end, it is the consumer who benefits the most as more companies means more options and…
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