VinFast is the first company to develop electric vehicles in its native Vietnam, and it’s now making inroads into the American market. Last year, it announced it would build a factory in North Carolina that would manufacture both electric cars and batteries. Then, last week, the company said it would not be able to begin […]
Welcome to our regime of political capitalism, where merit matters but political connections matter even more. In an unalloyed capitalist system, money flows to those who offer goods and services of value to consumers. In a political capitalism system, money flows to special interest groups with friends in high places. In his 2018 book Political […]
Let’s call it the “Biden way”: When our president can’t get his policies through Congress, he tries to impose them in other ways. Just look at his student loan forgiveness plan, which faced a stiff Supreme Court challenge this week, and his imposition of stricter “Buy American” provisions to the infrastructure-spending bill. Now, he wants […]