So philosopher Mark Kingwell [Re: Burgled in the World's Best Country, National Post, July 12, 2000] believes that the cause of social ills like "crime and riots and beggars on the street" is the envy created by people experiencing poverty? Leaving aside all the...
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
What Happened to Our Right to Life, Liberty, and the Pursuit of Happiness?
On Independence Day we commemorate the birth of America as a free nation. But even more than that, we commemorate the birth of Americans as free men. At a single stroke, the Declaration of Independence and its ideals set America free from England, and set Americans...
Why I Won’t Celebrate Canada Day This July
This year I will not celebrate Canada Day -- as a matter of principle. I fully recognize Canada as being one of the best places to live in the world -- but that relative assessment doesn't justify the injustices perpetrated by our federal and provincial governments....
Pirates of the Internet
For years, lawyers representing Silicon Valley were rightly emphasizing the importance of intellectual property rights.Such rights were the major issue in the final Uraguay round of GATT meetings. At that time, trade negotiators warned that American companies and...
Summer of Hypocrites
Summer is here, and again we awaken to the smell of magnolias, honeysuckle and hypocrisy. Anti-gunner Rosie O'Donnell certainly deserves whatever personal protection she deems necessary. She fears for her child's safety and thus hired a bodyguard to accompany him. But...
Who Is The World Health Organization Trying To Fool?
On June 21st, the World Health Organization published The World Health Report 2000. The most remarkable fact about the report does not concern its results, but rather the underlying premises that guide the organization and that led to such results. The results of the...
Why Socialism Must Always Fail: Ludwig Von Mises on Economic Calculation under Socialism
"Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word ... All economic change, therefore, would involve operations the value of which...
How the right to self-defense became a crime to defend one’s own life in England
On August 22, 1999, Tony Martin of Emneth, Norfolk, England, killed one burglar and wounded a second. In April, 2000, he was convicted and is now serving a life term. How did it become a crime to defend one's own life in the once-great British Empire?How did it become...
Hong Kong’s Contradictory Property Policies
Once again, the Hong Kong government has swung from manic to depressive over its property market. A few years ago, in an attempt to gain popularity with the poor, the government reacted to high property prices by promising more government housing programs and more...
Shays’ Rebellion and the Spirit of Freedom
In 1786 New England farmers, oppressed by taxation, launched a series of rebellions against state authorities. Beginning with popular protests at town meetings, the demonstrations spread to local courthouses and legislatures. The statehouse in Hew Hampshire was...
Let’s Kill the Death Tax
On June 9th, by a majority of two thirds, Congress representatives voted to repeal the federal estate tax. The most impressive thing, however, was to hear arguments for the repeal being advanced on moral grounds. It seems that at least some politicians grasped the...
Krugman’s Green Cheese is All Rotten
I read a most outrageous article in last Sunday's New York Times written by Paul Krugman, the Times' Keynesian economist in residence. (Available with free registration) Entitled "Green Cheese Rules," the article was inspired by a theory proposed by the famous...
Gore’s Prescription Plan Is Unjust and Unhealthy
Al Gore’s vow to “take on” the prescription drug industry will continue the decades-long hobbling of the American health care industry, said a senior writer for the Ayn Rand Institute.
The Good Times of Johnnie L. Cochran
Look in the dictionary, under the word "gall." You might find a picture of defense attorney Johnnie L. Cochran. If it doesn't appear, it should. June 12, 2000, marks the sixth anniversary of the murders of Nicole Brown Simpson and Ronald Goldman. On "Larry King Live,"...
An Open Letter to Bill Gates
The Justice Department committed a grave injustice against you, Bill Gates. Your crime was to be too ambitious and too successful in a society riddled with envy. You were condemned for your ability, which made you stand out from the crowd.The wealth you own is the...
“Humanitarian” Food and Medicine Bill for Cuba is Anything but Pro-Human
Fidel Castro’s use of food and medicine as weapons of control over the Cuban population is a tactic as old as the Revolution itself.
End the Social Security Ponzi Scheme Now
“Social Security’s purpose is not to help you pay for your own retirement, but to force you to pay for your neighbor’s retirement or your neighbor’s parents’ retirement,”
On China: Put your money where your mouth is
Over the last month, we heard numerous discussions about whether granting Permanent Normal Trading Relations (PNTR) to China, in preparation for its entry into the World Trade Organization (WTO), was a good thing or a bad thing. Most who opposed the bill suggested...
“Gender Gap Solution”: Fire The Men!
Fire the Men! The government repeatedly informs us that women remain oppressed in the workforce, earning "only" 76.5 cents on the dollar compared with men doing the "same" work. "Wage discrimination," says Labor Secretary Alexis M. Herman, "remains an unfortunate...
For Five Months Elian Was Free (Part 1 of 2)
The case of Elian Gonzalez is the morality of freedom versus immorality of dictatorship. It is the individual versus the all-powerful state.
The Price of the Clinton Legacy: Leaving America Defenseless?
President Clinton wants, in his final months in office, to strike a major arms control deal with Russia, including a new ABM Treaty that would limit the United States' ability to defend itself against ballistic missile attack.White House officials have openly stated...
Mission Impossible: Shaming a Victicrat
"Don't they have any shame?" thundered Robert De Niro to Congress in "Guilty by Suspicion," a movie about the Hollywood Blacklist. But toe-tag -- don't-confuse-me-with-the-facts -- liberals show absolutely no shame, regret, or remorse, even when proven wrong. Some...
Fully Privatize Social Security: The Looting of Our Retirement Savings Is the Product of Altruism
Presidential candidate George W. Bush recently announced that he would campaign for the partial privatization of Social Security. Under Bush's proposal, taxpayers would be allowed to invest a portion of their Social Security taxes in the stock market.This plan has...
The New Era Nikkei Falls Flat
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...
Interview with Nicholas Provenzo of The Center for the Moral Defense of Capitalism
Many people understand that capitalism is a practical means of creating wealth, but few would argue that capitalism is moral.
Greenspan, Interest Rates & Inflation
What do low interest rates have to do with causing the government to inflate the money supply?The link between Fed-manipulated interest rates and the money supply is a direct, causal one. The interest rate in question is the 'Fed Funds rate'. This is the rate that...
Read their lips Hong Kong: “New taxes!”
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 site is a "simple and...
Andrew Bernstein on Heroism and Hero Worship, Part 2
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 wonder whether...
Andrew Bernstein on Heroism and Hero Worship
"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, Cyrano de Bergerac,...
13 Reasons for the NASDAQ Crash
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, dozens of...
Police Scandal: Overreaction Equals Anarchy
"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." Ben Franklin's statement remains true today. But the absence of rule of law produces anarchy. In the most far-reaching corruption scandal in its history,...
Husband-Wife Team Fighting for Elian’s Right to Stay in America
Defending Elian’s right to stay in America on the principle of individual rights
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