Republican and Democratic — The Identical Party? The Two Major Parties Are Becoming Dangerously Alike — in Their Opposition to Individual Rights

The Republicans and the Democrats each used to defend individual freedom in some sphere; now they support government control in all spheres. It is becoming increasingly irrelevant which of the two parties happens to win an election. They are, sadly, coming to adopt a common position as enemies of freedom in America.

Bank Mergers vs. “Public Interest”

In Canada, two big banks — the Royal Bank and Bank of Montreal — want to merge. They mutually concluded that it would serve their long-term interests, such as make them more competitive internationally. Ditto for two other big banks — the Toronto...

The Nerve of Foley

There had been rumors all winter that the engineers were going to strike. Certainly we of the operating department had warning enough. Yet in the railroad life there is always friction in some quarter; the railroad man sleeps like the soldier, with an ear alert...

Global Crisis and the Survival of Capitalism

A growing number of countries–among them, Thailand, Indonesia, Malaysia, South Korea, and Russia–are in a state of financial turmoil. They are all suffering from the effects of currency devaluation, widespread bankruptcies and insolvencies, actual or impending bank failures, collapsing stock markets, and mounting unemployment.