Business and Industry
Trump’s state capitalism experiment continues
Like a kid in a toy store with a nearly unlimited supply of someone else's money, President Donald Trump is on a shopping spree the likes of which America has never seen. With the announcements earlier this month that…
Trump said his tariffs would reduce the trade deficit and bring back manufacturing. Here’s what the data show.
President Donald Trump has pledged that his tariffs will bring manufacturing jobs back to America and make America a net exporter again. So far, the exact opposite has happened: Manufacturing jobs have decreased, and the…
Trump tariffs have failed to reduce trade deficits
How should we assess whether President Donald Trump's tariffs have been effective? It's an important question—yet frustratingly difficult to answer. Trump has outlined overlapping, confusing, and sometimes competing…
Trump’s $100,000 H1-B visa fee could push jobs to other countries
In December 2024, a battle erupted between the tech right and the nativist right over the H-1B visa program, which allows American employers to hire foreign workers in specialty fields. When President-elect Donald Trump…
Antitrust enforcers could block Netflix–Warner Bros. deal
Netflix announced its plan to acquire Warner Bros. Discovery (WBD) for $83 billion on Friday. The merger between the entertainment giants will likely draw international antitrust scrutiny, as rival bidder Paramount Skydance…
The ‘Cyberselfish’ revival shows libertarianism continues to be misunderstood
Paulina Borsook was an early writer for Wired magazine in the 1990s who became alarmed by what she saw as the encroachment of sinister libertarian ideas in the culture of a tech business world which, she correctly noted in…
Populists Left and Right Say America Is Failing. The Facts Don’t.
Spend five minutes listening to the American left's most theatrical tribunes—Sen. Bernie Sanders (I–Vt.), Sen. Elizabeth Warren (D–Mass.), or Rep. Alexandria Ocasio-Cortez (D–N.Y.)—and you'll probably hear tales of…
Trump’s deals with Intel and others are a form of socialism
One danger of nationalism, Friedrich Hayek warned in 1960, was the "bridge" it provides "from conservatism to collectivism." "To think in terms of 'our' industry or resource," he wrote,…
Trump used Biden-era CHIPS Act funding for Intel deal
In March, President Donald Trump blasted the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022. He called it "a horrible, horrible thing." Passed under President Joe Biden, the…
Democrats offer a false choice between socialism and technocracy
The unity that once held the Democratic Party together has given way to ideological meandering, oscillating between "woke" moralistic left-wing populism and technocratic managerialism. These two impulses now define…
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