Tag Archive | "laissez faire"

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Policy Translated: Technology Regulation

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We Wouldn’t Have Teaparties If It Wasn’t For Rentseeking

We Wouldn’t Have Teaparties If It Wasn’t For Rentseeking

Those who say we tried the free market and it failed should research the history of the Boston Tea Party a little.  We didn’t even have a free market in the 18th century, a period referred to in British history as The Whig Supremacy.  Here’s the background; and to prove that there is nothing new under the sun, it involves company rent-seeking, market distortion, bailouts and stealth taxes.

As early as 1698, the English Parliament awarded the East India Company the…

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