Crony Capitalism and the Rising Price of the EpiPen

By William Reynolds Monopolies are often the by-product of market failures that are induced through crony capitalist policies. Crony capitalist policies are pieces of legislation enacted to benefit politicians and private companies at the cost of the consumers. The ramifications of these policies on competitive markets can be far-reaching, and in certain instances have larger … Continue reading Crony Capitalism and the Rising Price of the EpiPen

How Israel’s Crony Capitalism Undermines Its Reputation as a “Start-up Nation”

By Kristen Carpenter Israel is often nicknamed as the “start-up nation” for its thriving high-tech industries and successful entrepreneurial ventures. Unfortunately, the country is also known for its protectionist policies in the economic sector. A report by the Brookings Institution found that Israeli industries have above-average market concentration rates across all sectors, including manufacturing, real … Continue reading How Israel’s Crony Capitalism Undermines Its Reputation as a “Start-up Nation”

Defunding Florida’s Film Industry Incentives was Example of Evidence-Based Policy

By Marisa Lupica and Matt Kelly States have been competing fiercely for movie productions with tax incentives since the early 2000s. Such incentives include cash grants, income tax credits, sales tax rebates, or payroll tax credits. Today, 37 states offer tax incentives for film productions. However, recent economic research shows that film tax incentives fail … Continue reading Defunding Florida’s Film Industry Incentives was Example of Evidence-Based Policy

New Study Explores Crony Capitalism in Florida

A new study published by The James Madison Institute by DeVoe L. Moore Center Policy Analyst Matthew Kelly and Center Director Samuel Staley explores two examples of crony capitalism in Florida's government policy: sports stadium subsidies and film tax incentives. The authors urge Floridians to remain vigilant over the spending of their tax dollars by government … Continue reading New Study Explores Crony Capitalism in Florida

Monopolistic Licensing Board Taken to Court, Others Could Follow

By Matt Kelly In 2015, the US Supreme Court ruled that North Carolina’s State Board of Dental Examiners, which administers the state’s occupational licensing regulations, violated federal antitrust law. Occupational licensing has been growing for decades, both in terms of the number of regulated industries and the costs to those seeking licenses. However, the North … Continue reading Monopolistic Licensing Board Taken to Court, Others Could Follow

Community Redevelopment Agencies

By Casey Barr Local governments face the perennial dilemma of obtaining money to fund community redevelopment projects. Requesting state or federal funds can be an arduous bureaucratic process, and these funds are often awarded to larger, more prominent cities, ignoring smaller towns where need is arguably greater. Community Redevelopment Agencies (CRAs) allow local governments to … Continue reading Community Redevelopment Agencies

Tourism tax may soon be used for public services

  By Erick Winterkamp Officials in Okaloosa County recently diverted $2.5 million of Tourism Development Tax (TDT) revenues to pay for beach patrol and lifeguards, a move that Florida’s powerful tourism lobby contested. Tourism industry interest groups like the Florida Association of Destination Marketing Organizations and the Florida Restaurant and Lodging Association claimed this was … Continue reading Tourism tax may soon be used for public services

The Two Kinds of Capitalism

Original post date: February 12, 2014 Article by: Ben Douglas The term “capitalism” is often thrown around in American political discourse without a specified or coherent meaning. Frequently in a debate, opposing parties will attack or defend their own perceived ideas of what capitalism is, without realizing that their opponent has in mind a completely … Continue reading The Two Kinds of Capitalism