POLITICS

Last month, the formulators of the Nikkei 225 attempted to update the index in order to reflect the growth of the high-tech sector in the Japanese economy. While editors at the Nihon Keizai newspaper were operating on the belief that the index had become increasingly...

Many people understand that capitalism is a practical means of creating wealth, but few would argue that capitalism is moral.

For the sixth year in a row, Hong Kong has been named the world’s freest economy in the Heritage Foundation’s annual “Index of Economic Freedom.” One of the reasons for this is its low taxes, and what the Hong Kong government boasts on its web...

CM: Another question for you Dr Andrew Bernstein. Just as when a great artist portrays a simple piece of fruit in a distinctive, compelling way – so that after we’ve seen his painting we never look at fruit or color or texture in the same way – I...

“The essence of heroism is an unbreached and unbreachable allegiance to the good in the face of any possible form of opposition”–Dr Andrew Bernstein Prodos for Capitalism Magazine: What do these people have in common? Galileo, Thomas Jefferson,...

After the NASDAQ Composite Index slid 33% from March 27th to its dramatic one-day decline on April 14th, most people weren’t sure what had happened – or why it happened. The financial press was in an uproar trying to make sense of everything, and even now,...

Smoking a cigarette was symbolic to Miss Rand. As one character in Atlas Shrugged said, “I like to think of fire held in a man’s hand. Fire, a dangerous force, tamed at his fingertips. I often wonder about the hours when a man sits alone, watching the...

…The kidnapping of Elian, of course, had nothing to do with Elian’s welfare. The motive of the raid was obviously an attempt by Reno to short-circuit Elian’s bid for asylum and to railroad him back to Cuba before he could even have a hearing. She was...

Cuban parents have been so desperate to save their children that more than 14,000 of them have been smuggled off the island unaccompanied by their parents. To quote from an Amicus brief on the Gonzalez case submitted by the Association for Objective Law: “Cuba...

On July 4, 1776 America’s Founding Fathers identified the fundamental moral principle on which our country was based. This principle was that every individual possessed the inalienable right to life, liberty and the pursuit of happiness. The Founding Fathers...

Thousands of Americans were holding demonstrations on Wednesday, May 10th, 2000 outside the Federal Buildings of major American cities. The goal of these demonstrations was to make Americans aware that the moral thing to do is the American thing to do: protect...

On April 22, thousands will gather across the country to celebrate Earth Day, a holiday that has risen in the past decade from obscurity to the status of a mainstream, uncontroversial event. After all, who could be against clean air, clean water, and a healthy...

Despite claims that economics and politics are separate and distinct in Hong Kong and China, the PetroChina IPO certainly would suggest otherwise. In the first week of April, PetroChina finally completed its beleaguered IPO, issuing 10 percent of its share capital....

Despite claims that economics and politics are separate and distinct in Hong Kong and China, the PetroChina IPO certainly would suggest otherwise. In the first week of April, PetroChina finally completed its beleaguered IPO, issuing 10 percent of its share capital....

Back in 1998, the big question in Japan was which, if any, of Tokyo’s big banks could escape collapse. Burdened by massive, non-performing loans, and holding assets (like Tokyo real estate) that had plunged in value, Japan’s big banks were in a serious...

On April 22, thousands will gather across the country to celebrate Earth Day, a holiday that has risen in the past decade from obscurity to the status of a mainstream, uncontroversial event. After all, who could be against clean air, clean water, and a healthy...

Ever since Mary Shelley wrote the original Frankenstein story in 1818, it has stood as the symbol of a false and destructive idea: the idea that science and technology will inevitably produce monsters. The story of Frankenstein has come to be used, not as a criticism...

It finally happened: Elian Gonzalez has been reunited with his father. The President, the Attorney General, Congress, the media and a majority of the American people got the reunion they wanted at 5 a.m. last Saturday morning–at the point of a gun. For all the...

Ever since Mary Shelley wrote the original Frankenstein story in 1818, it has stood as the symbol of a false and destructive idea: the idea that science and technology will inevitably produce monsters. The story of Frankenstein has come to be used, not as a criticism...