“Just because someone is the CEO of a major corporation does not mean that he advocates a free society—even when he makes millions of dollars a year.” (11/06/26)
Source: Future of Freedom Foundation
by Jacob G Hornberger
“When Trump won the presidency in 2024, there were high hopes among his MAGA supporters that this time around, he would succeed in MAGA. They looked on him as the man on the white horse — the man who, if given free rein, would restore America to greatness. In fact, for the past two years, Trump has enjoyed extraordinary freedom to do pretty much whatever he wants. … None of this proclivity toward dictatorial power has made America great again, unless, of course, one defines ‘greatness’ as living under a powerful, tyrannical welfare-warfare state rather than in a free, peaceful, prosperous society characterized by a limited-government republic.” (11/06/26)
“While everyone was refreshing early election returns and exit polls and turnout models on Tuesday, something very unusual happened: A monopolist broke itself up. Health conglomerate CVS, the seventh-largest U.S. company by revenue, decided to split off its consumer-facing in-store and mail-order pharmacy business from its Aetna insurance and Caremark pharmacy benefit management (PBM) side. When asked about it on CNBC, CVS chair and CEO David Joyner said that government regulatory pressure played a role. ‘What you see in the regulatory environment is clearly one of the things that we need to make sure we’re navigating,’ Joyner said. This is not, however, an unalloyed victory over the forces of capital—and if you dig into the fine print, it’s not much of a victory at all.” (11/06/26)
“The midterm result was a tale of many backlashes. There was the backlash of erstwhile Trump voters, particularly young white males, against high gasoline prices and the Iran War. There was the backlash of Hispanic voters against ICE and Trump’s horrific deportation policy. There was the backlash of Black voters against Republicans’ gerrymandering to negate their votes and Trump’s open racism. There was the backlash of women against the destruction of abortion rights and suppression of the Epstein files. There was a backlash of ordinary families against the loss of healthcare coverage. There was a general backlash against Trump’s bottomless corruption and lies. And there was a backlash of patriotic Americans against Trump’s bromance with Putin. Yet one of the most stunning blows was against the class of oligarchs, whom voters reasonably believe have been major enablers Trump and the Republicans, allowing them to inflict significant economic, social and strategic harm the country.” (11/06/26)
Source: Independent Institute
by Randy Simmons & Diana W Thomas
“In 1989 The Economist described a Soviet bus factory whose workers took sledgehammers to newly manufactured trucks. The bus factory needed only the truck chassis, but government rules required the truck factory to supply the whole vehicle, most of which the bus makers would destroy. Complying with the rules meant producing things only to smash them. The workers and managers understood the waste, but changing government standards was harder than dismantling trucks. Individually sensible responses to political directives produced collectively senseless results. Keep that factory in mind when considering Audi’s proposed $4-billion assembly plant in Georgia.” (11/06/26)
“One of the best nonfiction books to appear following the onset of the Great Depression was by the financial journalist Garet Garrett (1878–1954). It is called A Bubble That Broke the World (1931), and it was a bestseller. His analysis was exactly right. This was not a crisis of capitalism, he wrote, but of postwar credit expansions and imbalances. The economic downturn represented the coming due of the bill, and a cry for rebalancing production, consumption, savings, and interest rates in the US and all over the industrialized world. If Garrett is known at all today, it is by those who are captivated by the handful of intellectuals who wrote in opposition to the New Deal planning state and the regimentation of national life that it brought about. They were a rare breed, and largely forgotten. Aside from that, there is much more to Garrett than people know.” (11/06/26)
“The Supreme Court has made clear that racial discrimination has no place in public school admissions. But when schools hide discrimination behind ‘race-neutral policies’, lower courts have let them get away with it — as long as the targeted racial group isn’t hurt too much. On Oct. 19, the court agreed to hear a case brought by parents in Montgomery County, Md., challenging an admissions policy designed to reduce Asian American enrollment at the county’s magnet middle schools. At stake is a fundamental question: Does the Constitution protect students as individuals, or do their rights depend on how others of their race perform? With this case, the Supreme Court could reverse a Fourth Circuit Court of Appeals precedent that Justice Alito once called ‘flagrantly wrong’ and ‘a virus that may spread if not promptly eliminated’.” (11/06/26)