Do We Own Ourselves?

by Ken MacVey In my last two columns, I raised issues about certain versions of right-wing libertarianism. In my column “How Yard Sales Could Explain the Rise of Billionaires and Challenge Libertarian Thinking” I argue that the “yard sale model” developed by mathematicians and physicists to explain wealth inequality presents a provocative challenge to philosopher…

Crony Capitalism, Milton Friedman’s Contradiction, and Trumpocracy

by Ken MacVey There are many causes of Trump’s double ascent as president, including, perhaps just randomness, such as Comey’s re-opening of the FBI investigation of Hillary Clinton 11 days before the 2016 election supposedly based on a belatedly discovered laptop. But it can be argued there were a number of background features in our…

How Yard Sales Could Explain the Rise of Billionaires and Challenge Libertarian Thinking

by Ken MacVey By many measures wealth inequality in the US and globally has increased significantly over the last several decades. The number of billionaires has increased at a staggering rate. Since 1987, Forbes has systematically verified and counted the global number of billionaires. In 1987, Forbes counted 140. Two decades later Forbes  tallied a…

Can Free Speech and the Federal Trade Commission Get Along?

by Ken MacVey Since 1914, the Federal Trade Commission ‘s mission has been to enforce civil antitrust and unfair competition/consumer protection laws. The question is whether this mission has been supplanted—whether the FTC under Trump 2 .0 is becoming the Federal Political Truth Commission. My Background: The FTC Investigates the Movie and Record Industries Many…