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Posts Tagged: “state intervention“
The Hidden Costs of China’s Industrial Policy
China’s economic rise in recent decades has been nothing short of remarkable. Many attribute this success to the country’s ambitious industrial policy, which involves central planning and heavy government intervention in the economy. However, a closer look reveals that this approach leads to inefficiency and distortions that ultimately undermine economic progress. The following article was […]
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When Bureaucracy—Not Capitalism—Creates Meaningless Work
Regulation is already pernicious enough in its stifling effect on economic activity and entrepreneurship, but as regulations and bureaucratic control extend throughout the economy, they also cause the proliferation of “fake jobs” and promote lower job satisfaction for workers. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily […]
The Myth of “Economic Power”
In an age of large (and often state-protected) corporations, interventionists cite “economic power” as justification for their preferred policy. But, as the late Austrian economist Murray Rothbard explains, so-called “economic power” is essentially different from state coercion. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those […]
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