Authoritarian governments can’t be trusted to report accurate economic data.

China is not a role model.

Japan’s political elite has been marching steadily in the wrong direction

We need separation of business and state.

It seems President Xi is going to impose class-warfare tax increases.

China is backsliding toward more state control.

Politicians like having the power to grant favors.

Intervention usually helps government rather than people.

The current crisis teaches us that excessive regulation and bureaucratic sloth can have deadly consequences. Here’s John Stossel’s video with another lesson, explaining that we need more capitalism rather than more government. This seems like a no-brainer, especially given the wretched economic performance of countries where the government owns or controls the means of production. But not everyone agrees. The appropriately named Paris Marx […]

Why Made in China 2025 won’t succeed.