The Emergence of Luigi Zingales as a Leading Public Intellectual is a Heartening Development
Last week, Zingales, a professor at Chicago Booth and author of the excellent A Capitalism for the People, cleverly referenced an early struggle in the American Revolution:
It’s worth keeping in mind that the patriots who threw English tea into Boston Harbor in 1773 were not revolting against higher taxes (the Tea Act, in fact, lowered the price of tea legally imported in America) but against the privileges granted to the British East India Co.. The American Revolution was a battle for political rights, but it was also a battle for economic freedom — and against an 18th century form of crony capitalism.
It’s a very neat way to think about the concerns of the founding generation.