Global overcapacity in steel production can no longer be ignored. Foreign governments' intervention in steel markets has had a devastating impact on the U.S. industry.
Whether we like it or not, government intervention in the face of surplus is here to stay.
If, for example, existing government intervention is minor, we shall attach a smaller weight to the negative effect of additional government intervention. This is an important reason why many earlier liberals, like Henry Simons, writing at a time when government was small by today's standards, were willing to have government undertake activities that today's liberals would not accept now that government has become so overgrown.
The Second World War ended with a radicalization of the population in the United States and everywhere else, and called for all kinds of things like popular takeovers, government intervention, and worker takeovers of factories. Business propagated a tremendous propaganda offensive. The scale surprised me when I read the scholarship - it's enormous, and it's been very effective. There were two major targets: one is unions, the other is democracy.
We are moving rapidly from an era of an oligopoly of content providers to an oligopoly of content controllers: new choke points. This is not media consolidation in the traditional sense, where a few huge conglomerates used economies of scale to dominate journalism by dominating the local and national agendas. This consolidation, to a very few companies plus increasing government intervention, is even more dangerous - and information providers of all kinds are finally starting to grasp what’s happening.
Every coercive monopoly was created by government intervention into the economy: by special privileges, such as franchises or subsidies, which closed the entry of competitors into a given field, by legislative action.
Its often difficult for conservatives to separate overall government intervention from a question as simple as the census.
What would annoy the most people most often? That is the true left-wing test of government intervention.
There is still a tendency to regard any existing government intervention as desirable, to attribute all evils to the market, and to evaluate new proposals for government control in their ideal form, as they might work if run by able, disinterested men free from the pressure of special interest groups.
After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely.
The Libertarian position on the freedom of speech is a strong support of freedom of speech, and we oppose government intervention in controlling what is or is not moral.
In practice, without appropriate government intervention, Smith's "invisible hand" dons brass knuckles and conducts gang warfare, creating fierce battles between competitors who would be more than happy to define and enforce their own private property interests according to their own subjective rules.
It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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