Corporate Welfare

In this week’s Friday Philosophy, Dr. David Gordon reviews Cronyism: Rise of the Corporate State 1849-1929 by Patrick Newman.

The anti-meat movement has influenced government policy well beyond anything close to the truth about meat. From the discredited food pyramid to government funding of “lab-grown meat,” government aids the activists who are making our lives worse.

The anti-meat movement has influenced government policy well beyond anything close to the truth about meat. From the discredited food pyramid to government funding of “lab-grown meat,” government aids the activists who are making our lives worse.

Some economists are claiming that applying AI in energy markets helps to solve the Hayekian knowledge problem. They fail to take into consideration that many of the “cheaper” energy choices are heavily subsidized, thus hiding their real costs.

Critics of capitalism claim that free markets funnel wealth unjustly to the top earners. Yet, as we observe the Cantillon Effects, we can see the role of Federal Reserve policies in enriching the few at the expense of the many.

As investors become squeezed as the economy tightens, they look toward the government to provide them with even more cheap credit. Ordinary Americans are paying for these unsound policies.

The federal government heavily subsidizes certain politically-connected food growers in the name of “protecting our food supply.” Actually, the government protects the livelihood of those that promote unhealthy foods.

The federal government heavily subsidizes certain politically-connected food growers in the name of “protecting our food supply.” Actually, the government protects the livelihood of those that promote unhealthy foods.

Thanks to massive government intervention, modern capitalism hardly reflects the free market economy built up by entrepreneurs. What matters now in the business world is the access to those with political power.

As recent history shows, there are few things more courageous for a president to do than face down the ever-accelerating, wealth-draining, conflict-amplifying warfare state in DC. Trump has decided to go in the opposite direction.