Walter Edward Block is an American economist and anarcho-capitalist theorist who holds the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at the J. A. Butt School of Business at Loyola University New Orleans. He is a member of the FEE Faculty Network.
Is Google a monopoly? No. What about the National Association of Realtors—does it deserve this moniker? Certainly not. Did monopoly status ever fit Rockefeller’s Standard Oil of New Jersey? Not at all. How about IBM during its years-long antitrust case? Fuhgeddaboudit. Is monogamous marriage a monopoly? You’ve got to be kidding. Is the US Post...
According to Princeton University economics professor Alan S. Blinder, writing in the Wall Street Journal, Kamala Harris is entirely correct in her intention to raise the federal minimum wage from its present “paltry” level of $7.25 per hour. In his view, an hourly $12 would be far more like it. His main argument is the...
Nippon Steel — Japan’s largest steelmaker — has offered to buy U.S. Steel for $14.1 billion, and all the people who count are frothing at the mouth. For example, President Biden has stated: “U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain...
It does not take too much upstairs to see through the Biden administration’s rejection of the JetBlue-Spirit Airlines merger. The latter is on the verge of bankruptcy. It is $1.1 billion in debt. It faces the headwinds of a new labor agreement raising pilot pay by 34% and has trouble with its Pratt & Whitney...
I recently took a car trip of about 150 miles. I’m still recovering from it, as I drove by myself and practically every mile was bumper to bumper (I exaggerate, but only slightly). So, I sat, stewed, and twiddled my thumbs. (I did so to baroque music, so it wasn’t a total waste, but still…)...