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A Government-Enforced Monopoly
Let’s engage in a little thought experiment. How would you feel about the following scenario? 1) The government bans all activities associated with Industry X because it judges that this industry...
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A Lottery Sell-Off is a Sell-Out
In this week’s Acton Commentary, I examine the most recent buzz-worthy trend in the lottery industry: privatization. While most critics of these moves have pointed to the foolhardiness of selling off a...
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The Case for Water Privatization
To provide water for people, communities have usually turned to two different options: public or private utilities. However, if Bolivian President Evo Morales, leader of the Movement Towards Socialism...
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Welcome to Cuba: Where Doctors Earn Less Than Taxi Drivers
In Cuba, taxi drivers earn far more than doctors, raking in more money in one day than a doctor will make in an entire month. The reason? Unlike most of the Cuban economy, taxi licenses are privately...
View ArticleNew Yorkers can fix the subway – if we let them
Just last week, two New York City subway cars derailed, causing dozens of injuries. The situation did not improve on the next day when repairs caused delays and confusing schedule changes. Continue...
View ArticleMilton Friedman on business as an enemy of enterprise
Milton Friedman is one half of the duo so often identified with “neoliberalism” (the other being Friedrich Hayek), the hegemonic power that is typically seen as constitutive of our contemporary age....
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