It’s the 1800s all over again: Free enterprise never really existed before now

In the years 1791 to about 1850, laws were passed that abolished trade guilds as the permission-givers to run a business. But as we speak of “permissionless innovation” today, and see how these “permissionless” businesses often violate old regulations, we realize that the requirement for a permit to run a business never went away: the … Continue reading “It’s the 1800s all over again: Free enterprise never really existed before now”

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