Capitalism and Culture

Capitalism and Culture

There will be no real and lasting political-economic improvement until the metaphysical, epistemological, and moral principles underlying capitalism are firmly grasped and understood in a first-handed way by at least a sizable minority of the intellectuals.

Defending Capitalism: Ayn Rand vs. Hayek

Defending Capitalism: Ayn Rand vs. Hayek

Ayn Rand publicly recommended the works of Mises but not of Hayek. Today, when Hayek is much better known than Mises, it’s worth seeing why. I came to the full realization of what’s wrong with Hayek’s approach while re-reading Atlas Shrugged. No, not...
Greg Smith vs. Goldman Sachs

Greg Smith vs. Goldman Sachs

Just now I can’t summon the energy to write the post that should be written to defend Goldman Sachs against the disgusting, publicity-seeking attack made on it last week by ex-employee Greg Smith. (Mr. Smith was not highly placed at the firm: he was one of...

Steve Jobs Entrepreneur

Suddenly, Steve Jobs is gone. And only now is his exceptional ability being fully realized. Many of us felt a sense of personal loss at the news of his death. Good tributes to him have appeared in The Wall Street Journal (Walt Mossberg), The NY Times (David Pogue),...

Altruism vs. Google

Incredibly, there’s antitrust action going on against Google. Google, which gives away its expert services! Search engines, led by Google, have revolutionized our lives. I noted this phenomenon back in 2003. It’s only 8 years ago, but it seems like a...

Obama's Speech to Congress

President Obama began his speech to Congress by saying: “The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy.” In other words, “You oppose me because you...