Libertarian Policy Foundation

“Regardless of the direction of causation—whether corporations seek rents, and turn away from making better, cheaper products, or whether politicians sell rents as a way of accumulating power and influence—capitalism in a democracy is precarious. There must be rules, preferably at the constitutional level, that limit the ability of government to pick winners and losers, and to use subsidies or industrial policy to increase the accounting profits of corruption.”

Capitalism, Corruption, and the Ugly Pig - Econlib Book Review of What Went Wrong with Capitalism? by Ruchir Sharma.1 Capitalism has a “Pretty Pig” problem. The reference is to a state fair livestock contest, where there is a judging of the beauty of adult swine. There are only two entrants, because adult swine just aren’t pretty. The first pi...

Intellectual property is rent seeking.

Self determination, equal justice, and mutual aid are the core of libertarianism.