Rent-Seeking Society
Rent-seeking occurs inevitably in every society, however, some societies suffer from it more and some others less.
When the EU Food Policy Fails
During the recent years the EU has been trying, via regulations of the EU Commission, to prevent people from consuming harmful food. The EU Commission thus produces legislation regulating food market and many of them, such as extensive law regulating gummy bears or the legislation stating “proper” shape of cucumber are nowadays taken by citizens more as jokes, though some of them still exist. While regulating, it imposes huge costs on firms, although those who…
