Technology

Crony capitalism comes in different shapes and sizes, with policies like bailouts, trade barriers, tax credits, and subsidies all benefiting certain companies at the expense of their competitors.

Forcing social media sites to “disappear” or be broken up is one of the worst ways to deal with these concerns.

These easy-to-assemble retail kiosks aren’t just a great example of the market’s ingenuity, they are also proof that the market provides an answer to customers’ needs, even if these needs are the product of artificial barriers imposed by the government.

When companies are allowed to compete openly, without resorting to the government for special protections that keep competitors at arm’s length, some firms may even suffer as they try to adapt to better serve their customers. But in the end, it is the consumer who benefits the most as more companies means more options and…

The firm has been in the business long enough to notice that certain users just don’t like to chat with their drivers. In order to keep these users happy (and prevent them from using another service in the future), Uber is rolling out a new “Quiet Mode” feature that gives the passenger the ability to…

Modern knowledge of physics clearly is not a sufficient condition for mass prosperity. If it were, Soviet citizens in the 20th century would have been just as prosperous as American and Canadian citizens.

Imagine the challenge of a single company to come up with the full range of music available for the tastes of every composer, from a recording studio in the same plant where the player itself is manufactured.

Why the voice call is like barter and the text is like modern money. 

Private enterprise has long provided the government with efficient solutions, even if the government itself undermines private efforts by using technology ineffectively.

If we truly had a fully free market economy, this type of reaction would always be the norm. It is when crony capitalism reigns supreme that we have instances of companies knowingly pushing products that hurt consumers — with the support and blessing of the government.

We need a vision and set of principles to fight back against neo-Luddites and their proposals to slow or stop technological change.