The Foundations of Political Capitalism

By Matt Kelly Thomas Piketty’s Capital in the Twenty-First Century raised quite a stir last year among economists. Piketty identifies rising wealth inequality as inherent in capitalism, and recommends a worldwide wealth tax to temper its effects. Many have taken issue with Piketty’s data and analysis, and the idea that inequality is rising at all … Continue reading The Foundations of Political Capitalism

Customers Rise Up to Support Taxi Innovator

Original post date: November 19, 2013 Article by: Ben Douglas Finding a more textbook example of regulatory capture than the taxicab industry is difficult, as the case of the innovative on-demand taxi service Uber clearly demonstrates. Despite the highly regulated nature of the American taxicab industry, newcomer Uber continues to grow, due partly to its … Continue reading Customers Rise Up to Support Taxi Innovator