Through six facts about China’s political capitalism, we can see some of its economic strengths, weaknesses, contradictions, and history.
Just like the U.S. Postal Service needed private sector planes when they created airmail, so too did NASA need SpaceX rockets.
China’s economic development and much more will be propelled if its Belt and Road Initiative sends trillions to countries in three continents.
Our weekly roundup includes the tie between chili pepper heat and standardized measures, offshoring and the middle class and neighborhoods and brands.
Central planning through large firms could not replace the consistency and environmental benefits of a zabaleen system for trash removal In Cairo, Egypt.
Because the USDA enforces a raisin reserve mandate by decreasing supply to maintain price, it is an example of a mixed economy of government and a market.
Thinking about our mixed economy in which government and the market intermingle, I have always gravitated to this quote from former Secretary of the Treasury, Lawrence Summers: “In the history of the world, nobody has ever washed a rented car.”…