What does socialism do?
15 Sep 2014 1 Comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, growth disasters, liberalism, Marxist economics Tags: socialism
HT: Dan Mitchell
Universal government provided health insurance: everything is free but there is still rationing
09 Sep 2014 Leave a comment
Managerial Econ: Make the rules or your rivals will: use anti-growth activists to erect entry barriers
08 Sep 2014 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of regulation, environmental economics, Public Choice, rentseeking Tags: bootleggers and baptists, rent seeking
The courts have sanctioned the right to organize community opposition that urges government officials and agencies to deny land use permits to applicants, even when the underlying motive of the opposition is protecting market share and eliminating competition.
What’s more, the courts are protecting third-party funding sources, in many cases anonymous funding sources, which support the opposition efforts in order to block potential competition.
Ideas: When Mao died, The Economist wrote
06 Sep 2014 Leave a comment
in comparative institutional analysis, constitutional political economy, growth disasters, liberalism, Public Choice Tags: China, communism, How China Became Capitalist, mao, useful idiots
In the final reckoning, Mao must be accepted as one of history’s great achievers: for devising a peasant-centered revolutionary strategy which enabled China’s Communist Party to seize power, against Marx’s prescriptions, from bases in the countryside; for directing the transformation of China from a feudal society, wracked by war and bled by corruption, into a unified, egalitarian state where nobody starves; and for reviving national pride and confidence so that China could, in Mao’s words, ‘stand up’ among the great powers.
via Ideas and http://www.scottmanning.com/content/visualizing-the-great-leap-forward/
Six of the world’s seven billion people have mobile phones – but only 4.5 billion have a toilet, according to a U.N. report
06 Sep 2014 Leave a comment
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