The Daily Digest

Want to distinguish a libertarian from a conservative? Ask about corporate welfare, which is charity not to poor people but to Big Business. Republicans usually support it, but libertarians oppose it. Cato's Stephen Slivinski documents the reasons why in a new study, "The Corporate Welfare State: How the Federal Government Subsidizes U.S. Businesses."

The NYT's David Kirkpatrick investigates Mitt Romney's vaunted venture capital career. What's surprising is not Romney's use of leveraged buyouts, or that he was more a deal-maker than a manager, but the utter lack of shadiness that I suspect others who have achieved Romeny's level of success have dabbled in.

Social media is changing the way we communicate. Is your company ready for the challenge? Take a test (it's short), courtesy of Ogilvy.

John Judis deduces that Chuck Hagel's impassioned opposition to the Iraq war derives from his repressed silence about Vietnam, in which he served and after which he remained regrettably patriotic.