My main criticism: Tyler is so pro-business that he often forgets (at least rhetorically) to be pro-market. He spends minimal time calling for moderate deregulation – and even less calling for radical deregulation. So while he effectively calls attention to everything business does for us, he barely shows readers how much business could do for us if government got out of the way.
Tag: monopoly
Life By Subscription
The idea that a monolithic monopoly needs to provide all kinds of services whether we want them or not is stupid. It’s always been stupid. But it’s easier to see the stupid now that our lives are comprised of a growing web of voluntary subscription services and Amazon delivers everything for free.
Governing Least: A Litany of Insight
“The reason France does not require aid is not because some external group took pity on the French, but that they were able to generate exponential economic growth themselves. This makes it puzzling that philosophers write long books about aid without mentioning economic growth, and generally seem to imply that the path to escaping poverty lies through individual altruism. Why ignore the only mechanism that has ever succeeded in lifting millions of people out of poverty when thinking about poverty?”
The Gig Economy is What Yesterday’s Socialists Said They Wanted; Why do Today’s Socialists Hate it?
They don’t want the wage system to go away. They just want to run it. They don’t want the workers to own the means of production. They just want to tax and regulate it. They don’t want a classless society. They just want to be the new ruling class.
Social Media Regulation: Speak of the Devil and in Walks Zuck
In a recent column on the mating dance between Big Government and Big Tech, I noted that “Big Tech wants to be regulated by Big Governments because regulation makes it more difficult and expensive for new competitors to enter the market.” Two days after I hit “publish” on that column, Facebook CEO Mark Zuckerberg called for government regulation of social media in a Washington Post op-ed.
Will Elizabeth Warren Take on the Biggest Monopoly of All?
For a “progressive” presidential candidate, US Senator Elizabeth Warren (D-MA) is remarkably, well, conservative. Her proposals are neither new nor of the “democratic socialist” variety. In fact, her aim is, as Matthew Yglesias puts it at Vox, “to save capitalism” with stock proposals from the first half of the last century.
Killing the American Meritocracy
It is my belief that those who prefer a centrally planned society to one based on freedom, liberty, and personal achievement are intentionally rewriting history so as to make people believe that so-called “privilege” rather than merit has been the primary factor in achieving success throughout American history.
The Reformer’s Plight in The Great Idea
I’m a fan of dystopian fiction, but I overlooked Henry Hazlitt’s The Great Idea (subsequently republished as Time Will Run Back) until last December. I feared a long-winded, clunky version of Hazlitt’s Economics in One Lesson, but I gave it a chance, and my gamble paid off. I read the whole thing (almost 400 pages) on a red-eye flight – feeling wide awake the whole way.
Market Failure Theory as Reproach to Government Practice
Contrary to popular belief, however, market failure theory is also a reproach to every existing government. How so? Because market failure theory recommends specific government policies – and actually-existing governments rarely adopt anything like them.
On Intellectual Property V
The United States has a “first-to-file” patent system, which means the first person or company to file for a patent on a novel invention gets the monopoly protection. This is obviously a violation of so-called intellectual property rights.