Capitalism Magazine

“Houston, you’ve got a problem.” In the competition to award a new NFL franchise, the National Football Association pits Houston against Los Angeles. For its part, Houston pledges a $500 million “entrance fee,” plus hundreds of millions of dollars more in public subsidies. So far, the Los Angeles pols failed to come up with a […]

Andy Brown, the third generation in a family of pilots, was excited. This was his first test in a flight simulator in which he was to be co-pilot of a commercial airliner. He felt good about himself, because unlike his father and grandfather, he had gone to schools which had practiced the most modern principles […]

Crystallization. Nineteenth century French writer Stendhal used the word “crystallization” to describe how we ignore flaws, imperfections, ambiguities, and inconsistencies in people we love. If you take a tree twig, said Stendhal, shove it in a mound of salt and pull it out, the twig sparkles, becoming almost luminescent. The “crystallization” of the twig makes […]

Over last summer, President Clinton traveled to China, ostensibly to make headway in Sino-American relations. He had billed his trip as a chance to discuss “human rights” issues with the Chinese government because China’s record on human rights was disgraceful. But no real discussion occurred. The reason Clinton was unable to discuss any fundamental principles […]

It has become an almost universally accepted notion that economies and stock markets occasionally experience “bubbles”, during which growth and prices become “unnaturally” high. The presumed outcome is that the market must inevitably come crashing back to “real” levels. While I may question the prices that investors are willing to pay for an individual or […]

On March 3, 1999 Bill Gates will testified before the United States Senate Judiciary Committee to defend Microsoft against-anti trust charges. Prior to Gates’s testimony, activist Ralph Nader will be mobilizing his “public citizens” to condemn Microsoft’s practices. It’s time for the real American public to stand up and defend — morally defend — the […]

Why should we celebrate the Fourth of July? Because America — as the greatest product of Western civilization — is the greatest country in the world. But it cannot remain great unless we understand the causes of its greatness. In this age of diversity-worship, it is considered axiomatic that all cultures and countries are equal. […]

In early January, a Southam-Pollara poll asked Canadians if government funding should be used to support “culture,” meaning “books, films, music, and magazines.” Respondents were almost equally for and against with a large contingent answering “I don’t know.” The apparent difficulty for many of the respondents was whether culture should be classified as a “public […]

The time has come when advertising has in some hands reached the status of a science. It is based on fixed principles and is reasonably exact. The causes and effects have been analyzed until they are well understood. The correct method of procedure have been proved and established. We know what is most effective, and […]