Topic: Capitalism

Maximizers and Monopolies, A Benefit to Society

– August 13, 2023

“Consumers do not care that there is only one primary zipper manufacturer, they only care that their zippers work. Thus, if market needs are being met, competition isn’t a concern.” ~ Kimberlee Josephson


The SEC Limits Most People’s Investment Opportunities

– August 1, 2023

“The bill that the US House passed by a voice vote would require the SEC to develop a test to determine whether someone is knowledgeable enough to forgo the investor protections built into public offerings to the general public.” ~ Gerald P. Dwyer


Competition, Virtue, and the PGA-LIV Saga

– July 29, 2023

“Monopolies often fear competition more than they fear government: You can lobby government for ongoing favoritism but in a free economy, you must compete.” ~ David Hebert, John Pinheiro, and Daniel Wagner


The Charge to Change Capitalism and Why the Profit Motive Must be Preserved

– July 26, 2023

“Replacing rather than embracing shareholder primacy is truly a troubling matter given that shareholder primacy is a means for holding business leaders objectively accountable for the management of strategic investments and business operations.” ~ Kimberlee Josephson


The Essential Ethic of Socialism

– July 23, 2023

“In a socialist regime, I must seek the permission of others — whether state officials or one’s fellow workers — before I serve them in a novel way.” ~ Adam Martin


How Drug Makers Have Obliterated the Free Market

– July 22, 2023

“Regulatory agencies have allowed the clear legislative intent to limit patent terms to be gamed and exploited, turning a process meant to stimulate competition and market ingenuity into one that’s crushing both.” ~ Brian Garst


In Defense of Allowing Collusion

– July 20, 2023

“We understand that if markets are to serve consumers as well as possible, entrepreneurs and investors must enjoy wide freedom to experiment with different organizational and contractual arrangements.” ~ Donald J. Boudreaux


Why Do We Rescue When All Hope Is Lost?

– June 30, 2023

“The desire to dare remains strong in society. And that desire to dare is fostered by a knowledge that others will be there to help when things go wrong.” ~ Anthony Gill


America Needs More McJobs

– June 27, 2023

“The market process allows low-skill people to specialize in what they do best while freeing up high-skill people who can concentrate their efforts on things they do best. Everybody wins, and in some small way, you have a part in every achievement by every bleary-eyed customer for whom you dutifully pour coffee on their morning commute.” ~ Art Carden


I See Dead Policies

– June 24, 2023

“Firms can do anything they want. Just as long as they don’t charge a price that’s more than consumers think they should have to pay, the same as competitors, or less than other firms can match.” ~ Michael Munger


Happy 300th, Adam Smith!

– June 16, 2023

“He really did help to establish a presumption of liberty—that is, ‘allowing every man to pursue his own interest his own way’ as a presumption.” ~ Daniel B. Klein


To Consumers, All Costs are Transaction Costs

– June 13, 2023

“Remember, transaction costs are triangulation, transfer, and trust.” ~ Michael Munger