Antitrust Laws are Unjust and Destructive
As Ayn Rand explains, the antitrust laws are based on confusing two types of power: economic power (sometimes called “market power”) and political power. Only the latter is coercive.
EU Poised To Confiscate Billions in U.S. Assets Using The Digital Markets Act (DMA) and Digital Services Act (DSA)
The potential DMA fines the EU can impose on the companies: up to 10 percent of their global revenue annually.
To Reduce Political Violence, Fight Statism
This politicization of personal choice is the essence of statism. In “The Roots of War,” Ayn Rand explained statism’s results: “The degree of statism in a country’s political system, is the degree to which it breaks up the country into rival gangs and sets men against one another.”
JD Vance’s Healthcare Record Should Give Republicans Pause
Former president Donald Trump is pitching himself to voters as the antidote to the Biden administration’s inflationary policies. That will require ditching the interventionism his running mate has previously championed.
On The Biden Administration’s 100% Tariffs on Electric Vehicles (EVs)
Must the US counteract Beijing’s subsidies with high tariffs?
How Javier Milei’s Free-Market Policies Lifted Argentina Out of Recession
Milei delivered his “shock therapy” plan in the first few months of his presidency. Tens of thousands of state workers were cut as were more than half of government ministries, including the Ministry of Culture, as well as the Ministries of Labor, Social Development, Health, and Education (which Milei dubbed “the Ministry of Indoctrination”). Numerous government subsidies were eliminated, and the value of the peso was cut in half.
Estonia’s Lesson to Putin’s Statist Russia and the World
Estonia is an inconvenient neighbor for another reason. It’s an uncomfortable reminder to Russians of what could have been. Today, the typical Estonian earns nearly 40 percent more than the typical Russian.
Trump’s Protectionist Trade Policies Won’t Make America Great Again
More than half of imported goods are intermediate items or inputs used in manufacturing. Because the cost of these inputs will rise with the tariffs, total employment in manufacturing and the entire economy will decline or, at best, grow slower.
Statism: How Latin America’s Wealthiest Country, Venezuela, Fell So Far
In 1970, Venezuelans were the wealthiest people in Latin America. With annual incomes comparable to those of the Finns and the Japanese, they earned two-and-a-half times what the typical Latin American earned. Their wealth bought them a longer life, lower infant mortality, and some measure of safety. Today, as the United Socialist Party’s Nicolás Maduro tries to steal another term as president, it is a different story.
