Most people say the key feature of capitalism is competition. Hard to argue with that characterization, but I would go one step further and say that it is one of the consequences of competition – “creative destruction” – that best captures why free markets make it possible for entrepreneurs to deliver mass prosperity.
But what’s the key feature of government? Is it waste? Dependency? Corruption?
Those are all good answers, but perhaps “unintended consequences” should be first on the list. Courtesy of Reason, here are three examples.
I’ve previously written about both ethanol subsidies and so-called employment protection legislation, two of the three examples were already familiar to me.
I wasn’t aware, however, that businesses resorted to big concrete edifices to get around Vermont’s billboard ban (though I have read, in a classic case of baptists and bootleggers, that big…
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Utopia, you are standing in it! 
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