
Biden begins to redefine capitalism
The July 9 executive order signed by Joe Biden on “Promoting Competition in the American Economy”, is the biggest initiative taken so far towards the much-needed redefinition of Milton Friedman’s and the Chicago School’s capitalism. It shows that his administration’s moves to appoint antitrust academics and scholars such as Tim Wu, Lina Khan and others reflected a real interest in undoing the damage caused by applying Robert…