POLITICS

The basic and crucial political issue of our age is: capitalism versus socialism, or freedom versus statism. For decades, this issue has been silenced, suppressed, evaded, and hidden under the foggy, undefined rubber-terms of “conservatism” and “liberalism” which had lost their original meaning and could be stretched to mean all things to all men. – AYN RAND

How To Make Medical Care Affordable

Rather than create more government subsidies, policymakers should eliminate supply-side regulations that reduce price competition and affordability.

Stop Giving America a Bad Rap

Even if you have only a passing interest in today's popular music, I urge you to pay attention to the loathsome record nominated this week by Washington Post staff writer David Segal as the "Best Album" of 2001. It's a stomach-turning example of anti-Americanism...

“Democracy” in America

“Democracy” in America

A student, for an assignment, looked up the word "democracy" in Merriam-Webster's Collegiate Dictionary, 10th Edition. The following definition appears: 1. a: government by the people; especially: rule of the majority b: a government in which the supreme power is...

The Morality of War

Ayn Rand once said, "Wars are the second greatest evil that human societies can perpetrate." Why only second? To understand, we must first do something that few have done since the peace ended on Sept. 11: We must ask what war is. From Webster's dictionary, we get...

Parasite and Host Produce a Second-time Mom

Free-market economists frequently speak of what is seen and not seen when assessing the drivel of government interventionists. While short-term results may benefit some group, in the long run economic meddling invariably hurts everyone, the free-marketers tell us....

Arabs Have Never Accepted Israel

In June of this year, Palestinian television broadcast a sermon in a Gaza mosque in which the imam, Ibrahim Madi, made the following statement: "God willing, this unjust state [of] Israel, will be erased; this unjust state the United States will be erased; this unjust...

The Free-Market’s Solution to Media Bias: FOXNews

Major media people have values unlike most other Americans. Former CBS correspondent Bernard Goldberg documents that in his best-seller, "Bias: A CBS Insider Exposes How the Media Distort the News." Eighty-nine percent of Washington journalists voted for Clinton in...

History Itself Is About to Become History

History is, generally, a subject that studies what happened in the past and determines why it happened. When historians begin to say that nobody can be certain of anything that happened and that anyone's guess as to why it happened is as good--meaning as...

The Myth of the Arab Country of Palestine

A common misconception about Arab terrorism against Israel is that it is committed in an effort to derail the "peace process." President Bush echoed that fiction on Sunday when he commented on a wave of ghastly attacks that had just killed 26 Israeli civilians and...

“We’re Going to Conquer America”

'Muslims make an incredibly valuable contribution to our country," said President Bush shortly after Sept. 11, noting that they are "doctors, lawyers, law professors, members of the military, entrepreneurs, shopkeepers, moms and dads." He later added that "there are...

Why Christmas Should be More Commercial

Christmas in America is an exuberant display of human ingenuity, capitalist productivity, and the enjoyment of life. Yet all of these are castigated as "materialistic"; the real meaning of the holiday, we are told, is assorted Nativity tales and altruist injunctions...

N.Y. Port Authority’s Forgotten Heroes

"Billy Blazes," a New York firefighter action figure, is one of the biggest-selling items on the Christmas toy market this year. Also high on the holiday gift list: "FDNY" and "NYPD" caps, shirts and sweaters. The two city departments earned global fame -- and a...

Thomas Sowell and Walter Williams: Grace Under Fire

Thomas Sowell and Walter Williams: Grace Under Fire

Someday, many of their critics will apologize. Who am I talking about? Two economists, who happen to be black, Thomas Sowell and Walter Williams. For over 30 years, Thomas Sowell, currently with the Hoover Institution, and Walter Williams, chairman of the economics...

How John Walker Turned into a Taliban Terrorist

It isn't the case that the parents of John Walker -- the Marin County child of privilege turned Taliban terrorist -- never drew the line with their son. True, they didn't do so when he was 14 and his consuming passion was collecting hip-hop CDs with especially nasty...

Value Judgments, Ideology, and Writing Editorials

There's an interesting methodological difference between Ayn Rand Institute (ARI) op-eds and the usual ones you read by non-Objectivists (and boy, there sure are a lot of non-Objectivists around, aren't there?). I can best illustrate the difference by a kind of...

Rocky Mountain Bigot?

Rocky Mountain Bigot?

NBA Denver Nuggets coach Dan Issel, after another tough loss at the buzzer, walked off the court toward the locker room. A fan, however, taunted the white coach, calling out, "Issel sucks." Issel angrily fired back, "Hey, go buy another beer. Go drink another beer,...

Yassar Arafat’s Suicide Factory

In declaring his own war on terrorism last week, Israel's Prime Minister Ariel Sharon made a surprising claim. He said that Yasser Arafat, the Palestinian leader, "is responsible for everything that is happening here," a reference to the onslaught of four suicide...

University Professors vs. America

Many simply shake their heads in confusion and disbelief at reports of peace rallies on college campuses from coast to coast. At such an unprecedented time of pro-American sentiments, and in light of the magnitude of horror of September 11, it seems almost impossible...

Health Care is a Privilege, Not an Entitlement for All

I must say that one of the best things about the Clinton presidency was that he was not able to pass his health care plan. The proposed system was nothing more than a step toward complete socialization of health care in this country, and it overlooked one simple fact:...

Two Kinds of Tax Cuts

[http://www.CapitalismMagazine.com] Politicians are considering tax relief to help a sputtering economy, but not all tax cuts are created equal. There is a vast difference between "supply-side" tax cuts and "Keynesian" tax cuts. Supply-side tax policy focuses on how...

Interview: The Well Trained Mind and Homeschooling

Interview: The Well Trained Mind and Homeschooling

When her daughter Susan started kindergarten in Virginia in 1972, Jessie Wise quickly heard complaints from Susan's teacher that the child would become a social misfit because she wanted to read during free time instead of playing. This was not good news for Wise,...

Education Fraud in Philadelphia

Education in Philadelphia's public schools is so rotten that the state government is threatening a takeover. There are 176 out of 264 schools on the failing list. The primary victims of Philadelphia's public schools are black students whose chances for upward mobility...

Media Fraud

Media Fraud

Media bias is no longer news. Poll after poll has shown that the vast majority of journalists vote for Democrats, even though the country as a whole is pretty evenly split between the two major parties. By itself, there is nothing wrong with this. It becomes a problem...

Therapeutic Cloning is Pro-Life

Therapeutic Cloning is Pro-Life

On November 25 Advanced Cell Technologies announced the creation of the first cloned human embryo. The company described its achievement as a crucial step in therapeutic cloning research, which aims at cloning new organs to replace damaged ones. Like healthy new skin...

Stupid Accounting Tricks: Pro Forma Accounting, Part 3

Well, I just can't seem to get away from this subject. You all keep writing, and in doing so, engender material for follow up columns. Hopefully, this will be the last for a while, but a couple of letters bought up important points that I wanted to address today.The...

Israel May Be Winning

Secretary of State Colin L. Powell recently observed that the Palestinians "need to understand that [terrorism] leads nowhere," and on this basis he urged them to stop their violence against Israelis. Good policy advice, but does the Palestinian use of violence truly...

Deflation: The Good, The Bad and The Ugly

This commentary continues a series intended to address some of the misconceptions in the flurry of recent media reports about deflation. My last commentary ("Deflation: The Basics") began by defining deflation as strictly a monetary process, and one that is solely in...

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