The Microsoft trials remind us that the fear of industrial concentration is the last refuge of socialist theory. The claim is that capitalism ultimately fails because all (or most, or at least some) industries naturally congeal into monopolies in a free market. It follows that government must regulate industries to bring about “competition.” It
The lessons to be learned from food are limitless. Almost any food you can name--if you study its history--has something to say about economics, politics, history, or culture. For whatever reason, tea, particularly the plain old regular types we all know (such as the “black” tea found in cheap boxes of 1,000 teabags at the local grocery gigamart),
The prospect of “Corporate greed” terrifies everyone in government, everyone in leftist mass media, and most men on the street. Unethical corporate behavior is blamed for water pollution, air pollution, major bankruptcies, low wages, global warming, product safety problems, skin cancer, and cultural ennui. What free-marketeers don’t always make
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.