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”
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
New Report Analyzes Tallahassee’s Permitting Process
By Matt Kelly An efficient regulatory process is essential to the business development strategies of cities like Tallahassee, Florida. Regulations that are too cumbersome or unnecessary increase the cost of doing business without serving the public interest. The growth and negative impact of regulatory accumulation at the federal level has been well documented, but local … Continue reading New Report Analyzes Tallahassee’s Permitting Process
New Study Sheds Light on Property Taxes in Florida
By Matt Kelly A new study by DeVoe Moore Eminent Scholar Keith Ihlanfeldt and economist Kevin Willardsen explores property taxes in Florida. The authors challenge the conventional wisdom that governments only consider the “public interest” when writing their budgets and setting tax rates. With property taxes accounting for 31% of Florida’s total revenues, understanding how … Continue reading New Study Sheds Light on Property Taxes in Florida
Taxi Regulation Reduces Driver Opportunity
Original post date: September 30, 2014 Article by: Ben Douglas For decades, state and local governments have imposed dramatic entry controls on the taxi industry across the United States. These regulatory hurdles benefit established companies at the expense of drivers. Many cities issue "medallions," a permit that grants its owner the legal right the right … Continue reading Taxi Regulation Reduces Driver Opportunity
Uber Wars Transcend Party Lines
Original post date: September 08, 2014 Article by: Ben Douglas 6/8/2023 Edits: Some links that were no longer working have been fixed. High-ranking Republican officials have recently come out in support of Uber, the innovative but legally-troubled ridesharing app that connects drivers and passengers. Republican National Committee Chairman Reince Priebus penned an op-ed in the … Continue reading Uber Wars Transcend Party Lines
The Two Kinds of Capitalism
Original post date: February 12, 2014 Article by: Ben Douglas 6/7/2023 Edits: Some links that were no longer working have been fixed. 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 … Continue reading The Two Kinds of Capitalism
The Uber Wars
Original post date: December 10, 2013 Article by: Ben Douglas 6/6/2023 Edits: Some links that were no longer working have been fixed. In my previous blogs, I discussed some of the legal and regulatory hurdles encountered by Uber, a Transportation Network Company (TNC) that provides on-demand taxi and limousine services using a smartphone app to … Continue reading The Uber Wars
Transit as an Inferior Good
Original post date: November 25, 2013 Article by: Ben Douglas 6/6/2023 Edits: Some links that were no longer working have been fixed. Mass transit is frequently accompanied by mass-subsidization, cartelization, and monopolies. This chronic need for artificial support might be an indication of its inherent inferiority as an economically valued good or service. If consumers … Continue reading Transit as an Inferior Good