Capitalism

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    $15 Minimum Wage Is Hitting NYC Restaurants Hard!

    “Unexpectedly!” From a recent Catalyst article: Minimum wage hikes are bringing unintended consequences to the Big Apple. They’re especially pronounced on the Upper West Side, where a neighborhood staple recently shuttered its doors due to the city’s $15-an-hour minimum wage. At the end of September,…
    Jon Guze, October 16, 2019
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    Planning To Talk Politics With Family Over Thanksgiving?

    Stick to movies, music, and the weather when talking with family and friends. From pollsters at Rasmussen: A new Rasmussen Reports national telephone and online survey finds that 70% of American Adults believe their fellow countrymen are less tolerant of each other’s political opinions than they were in the…
    Donna Martinez, October 14, 2019
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    Critiquing Warren’s push for ‘accountable’ capitalism

    Mark Jamison writes for the American Enterprise Institute about one of Democratic presidential candidate Elizabeth Warren‘s questionable proposals. [I]t’s easy to understand why presidential candidate Sen. Elizabeth Warren (D-MA) wants a law that would allow her as president to determine which billion dollar companies live or die: Politicians…
    Mitch Kokai, October 14, 2019
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    What is killing the American Dream?

    Eric Levitz at New York Magazine claims the American Dream is being killed. He blames three policy decisions by which “we let” wages fall, prices climb, and the social contract fail. My colleague Mike Schietzelt raised the primary objection when sharing the article with me, that Levitz defines…
    Joseph Coletti, October 8, 2019
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    “The Unacknowledged Success of Neoliberalism”

    That’s the title of an interesting EconLog post by Scott Sumner. Here’s how it starts: The neoliberal policy revolution that began in the late 1970s might be the most important recent event in world history. But it remains a curiously elusive and underreported phenomenon. Many on the left…
    Jon Guze, October 3, 2019
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    Walmart and ‘woke capitalism’

    David French of National Review Online assesses a retail giant’s latest action on gun sales. I can’t tell you how many rifles, pistols, and handguns I sold during my brief Walmart career. It was the same procedure every time. The customer would fill out a form, I’d take…
    Mitch Kokai, September 6, 2019
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    What replaces the old institutions?

    Younger people and older working class men are the vanguard of a loss of trust in traditional institutions. They have been hardest hit by lack of opportunity and lack of human connection. Jordan Roberts has commented on the effects among Millennials. Derek Thompson at The Atlantic highlights the…
    Joseph Coletti, September 5, 2019
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    Is price gouging Hurricane Dorian victims’ ‘best friend’?

    Editors at Issues & Insight say yes. They understand the problems inherently linked to price-gouging laws. When natural disasters threaten, governments are quick to roll out anti-price gouging laws. Josh Stein, the Democratic attorney general in North Carolina, which might take a hit from Hurricane Dorian, has already…
    Mitch Kokai, September 4, 2019