Capitalism

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    In Case You Missed It

    Friday was the anniversary of an important but little known event. The Adam Smith Institute’s Madsen Pirie tells the story: Forty years ago, in 1978, 18 farmers from the village of Xiaogang in China, met at night in secret. They had seen subsistence and famine. Exhausted and…
    Jon Guze, June 17, 2018
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    Can laws change how we shop?

    What happens to retailers and service providers in the next recession? They are reliant in the Triangle on consumers who already owe $4.5 billion in credit card debt, an average of $10,000 to $16,000 per household. Until then, experiences are displacing things in storefronts. Alex Marshall starts with a North…
    Joseph Coletti, June 13, 2018
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    Cronyism’s Cost in Competitiveness

    New research continues to highlight the economic burdens imposed by big government regulations and big corporation cronyism in the US. For all the concerns about the heavy hand of Brussels on members of the European Union—and in Europe’s most competitive countries, this was a real concern—the EU has actually reduced…
    Joseph Coletti, June 12, 2018
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    Rocky Mount bets big on government

    The big gamble at the heat of Rocky Mount is it’s Event Center, on which the John Locke Foundation has considered an unwise burden for taxpayers and raised a number of questions on its financing through debt without a vote of the taxpayers, its initiation before lower property values were…
    Joseph Coletti, June 8, 2018
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    New York Town Seeks To Close The Door To New Restaurants

    It’s always fascinating when policymakers declare that you and I don’t “want” or “need” any more choices. Rather than allow marketplace competition to decide what we “want” or “need,” they think they know best. It’s happening in a New York town, which is considering banning new restaurants, as Baylen Linnekin…
    Donna Martinez, June 5, 2018
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    Ikea’s Cary pullback shows importance of strategy for business, challenge of retail for local governments

    Triangle residents will still be short of options for good Swedish meatballs and low-cost furniture. Ikea  will not open a new store in Cary despite months of hype and hope. The company is reconsidering its globally recognizable big blue boxes in favor of smaller stores and digital alternatives.
    Joseph Coletti, May 23, 2018
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    Dignity and respect in public policy

    What did the teachers gathered in Raleigh last week have in common with Pres. Donald Trump, besides an affinity for red clothing? The teachers’ union called the walkout a “Rally for Respect,” not just pay. And Trump’s campaign to “Make America Great Again” was seen as a way to restore…
    Joseph Coletti, May 22, 2018