Cronyism: The Eye-Care Industry Wants Big Government to Crush the Competition

By: Jonathan Lee Big Eye is watching you. For more than a decade, lobbyists from Johnson & Johnson (J&J), which controls over 40 percent of the contact lens market as a result of their cozy relationship with optometrists, and the … [Read more...]

Shock: Pope Francis celebrates business, rails against welfare

Wait a minute...Pope Francis is celebrating businessmen? That can't be! Nope. He did. Are we now on the verge of the Apocalypse? Speaking at the Ilva steel plant in Genoa on Saturday, Pope Francis gave a nod to businessmen: "There can’t be a good … [Read more...]

Week in Review: May 22 to May 28

In case you missed any of this week's articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Report: 64 Bay Area restaurants shut down amid higher minimum wage Donald Trump’s ‘priming the pump’ … [Read more...]

6 random things for Friday (Zuckerberg wants basic income, bitcoin surges, ANTIFA recruitment video)

News Story of the Day: many billionaires today are proof that you can make a lot of money but lack basic economic understandings. Facebook CEO Mark Zuckerberg delivered a speech at Harvard's graduation ceremony, where he called for the government … [Read more...]

Must Read: The Trump Budget: Real Cuts vs. the Media Version of ‘Cuts’

By: Ryan McMaken One of the cardinal rules of government accounting and rhetoric is to call any slowdown in the growth rate of government spending a "cut." This gives the impression that less is being spent when more is being spent. It's just … [Read more...]

ESPN and the Bursting of the Sports Bubble

By: William L. Anderson When the cable TV sports giant ESPN announced 100 layoffs recently, including letting go a number of high-profile broadcasters, a lot of people took notice, and well they should: things no longer are business as usual in … [Read more...]

Donald Trump’s ‘priming the pump’ won’t create real wealth

By: Frank Shostak Once an economy falls into recession many commentators tend to express concern that as a result of the economic slump there are now underutilized capital and labor. Resources that can be used are now made unemployed. It is held … [Read more...]

Report: 64 Bay Area restaurants shut down amid higher minimum wage

San Francisco and Oakland raised the minimum wage to $13 last year. The minimum wage will be subsequently raised to $14 in July and $15 next year. This undoubtedly made many leftists in the Bay Area happy. But not so much restaurants. According to … [Read more...]

Week in Review: May 15 to May 21

In case you missed any of this week's articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Sorry, John Oliver, Ditch Net Neutrality Now Georgia’s economic output is bigger than Taiwan – and other … [Read more...]

Why has the left stopped talking about Venezuela’s ‘socialist paradise’?

By: Ryan McMaken During the 2016 presidential election, Bernie Sanders refused to answer questions about Venezuela during an interview with Univision. He claimed to not want to talk about it because he's "focused on my campaign." Many suggested … [Read more...]