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
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
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
Entrenched Interests Fight Innovation in Taxi Industry
Original post date: November 19, 2013 Article by: Ben Douglas A revolutionary new smartphone app is changing the nature of the taxicab business, but stiff opposition from entrenched taxi companies risks keeping their innovations from benefiting customers. Uber is a venture-capital funded startup company that provides on-demand taxi and limousine services using cellphones to connect … Continue reading Entrenched Interests Fight Innovation in Taxi Industry
Transit Reform in Santiago
Original post date: October 18, 2013 Article by: Ben Douglas In 2007, Chile’s center-left ruling government coalition eliminated most private provision of transit, citing the need to eliminate profit and reduce the diversity of services offered to the traveling public in the capital city of Santiago. Additional concerns included the pollution, accidents, and traffic congestion … Continue reading Transit Reform in Santiago