Part 3 of 6 in a Series of articles on Capitalism, Free-competition, Antitrust, and Microsoft The following article is an adaptation of a lecture Mr. Salsman gave at Harvard University, in May of 1999. The print version has been edited lightly in order to retain...
POLITICS
The Department of Justice and Judge Jackson Commit The Crime of the Century
Forget the Lindbergh Kidnapping. The Crime of the Century is Judge Thomas Penfield Jackson’s Finding of “Fact” against Microsoft. The 207 page condemnation of Microsoft as a “monopoly” that “hurts consumers,” is one of the...
Senator Bradley and the Black Vote
“I was spellbound.” A black minister, attending a speech by Democratic presidential candidate Bill Bradley, made this gushing assessment. Bradley addressed 150 black ministers in Los Angeles, at an annual meeting of the Congress of National Black Churches....
Is it immoral to join a political party?
Q. Is it immoral for an Objectivist to join a political party? Why doesn’t the Ayn Rand Institute have its own political party? A. It is not immoral to join a political party, although given the state of the major parties today, it may well be. The reason for...
England, The Euro, and Socialist Europe
For years the socialists have been claiming that England should join the single European currency (the Euro) and should follow a central economic policy as voted by all 15 nations. England, we are told, faces dire economic woes if it fails to join the economic...
Clinton-China vs. Taiwan-America: Independence Day’s Meaning Long Forgotten
On July 4, the US celebrated its 223rd birthday with hot dogs, cotton candy, ice-cream and fireworks. There was much self-congratulation but few tributes to the day’s real meaning. July 4, 1776 was the day the Continental Congress approved and signed the...
Clinton, the WTO, and Economics 101
What do the World Trade Organization protesters, President Clinton, and the Microsoft judge have in common? Answer: an almost appalling ignorance of Economics 101. The World Trade Organization, a consortium of 135 nations, met in Seattle to discuss ways to increase...
The Myth of Patient Safety
By demonizing the good name of health care professionals with unanswerable charges, the NAS is blaming alleged problems of the current system on a free market and commercial interests, and advancing the cause of a centralized, socialist health care system.
Are G.I. Janes Unwanted?
“Exodus of female recruits signals trouble for military!” “Military women less likely to advance!” A new Defense Department study on bias in the military prompted these hysterical headlines. For those who thought the military an example of...
‘Capitalists’ Celebrate 50 Years of Communism in China
I’ve seen numerous broadcasts of news programs on CCTV (the Chinese State-controlled TV channel) via satellite transmission. Even without the benefit of English translation, it is obvious that many of the “news” shows are little more than...
Gold and The Economy: An Interview with Richard Salsman
Richard M. Salsman is president and chief market strategist of InterMarket Forecasting, which provides quantitative research and forecasts to guide the asset allocation decisions of pension sponsors, mutual funds, banks, hedge funds, and investment managers. He...
Jesse Jackson’s Legacy
Well, at least it’s not about race. Reverend Jackson intervened on behalf of seven black Decatur, Illinois, high school students, expelled for inciting a brawl at a high school football game. “This isn’t about black and white,” he insists,...
Loved To Death: Will Canada’s “Universal” Health Care System Come to America?
The Canadian health care system of single-payer, socialized insurance is in trouble. Now, thanks to the ignorance and cowardice of our politicians, the American system is moving in the same direction. A growing number of Canadian doctors, angry at irrational...
George W. Bush-Wacked By the Irrelevant Pop Up Question
In an ideal world, the reporter would have been Jim Gray-ed. Instead, Andy Hiller, a reporter for WHDH-TV, the NBC station in Boston, got big headlines. He asked GOP candidate George W. Bush a series of four questions. Name the heads, asked Hiller, of the following...
Coming soon: The Fat Tax
It’s on. The Centers for Disease Control and Prevention just released a new study. Americans, say the CDC, face a new epidemic — fat people. The CDC calls nearly 18 percent of Americans “obese,” meaning that nearly one in five of us weighs more...
Diversity and Multiculturalism: The New Racism
“Racial identity” erects an unbridgeable gulf between people, as though they were different species, with nothing fundamental in common.
The History of HMOs
The new year begins as employees begin a process called open enrollment–when many employees designate a health plan through their employer. Unfortunately, most are forced to enroll in a managed care plan, i.e., an HMO or PPO. That’s right: force actually...
Pete Rose: All-Whiner?
Imagine interviewing Noah without bringing up the flood. Baseball sports fans apparently expected that of NBC news reporter Jim Gray when he interviewed Pete Rose. Before the second game of the World Series, Gray interviewed Pete Rose, a member of the so-called...
Clinton’s Place: Taxation and Home Ownership
Last week, the New York Times covered two recent “purchases” that demonstrate new lows in the realm of political real estate. One year ago, former Ukrainian Prime Minister, Pavlo Lazarenko, paid $6.75 million in cash for Eddie Murphy’s 41-room...
A Tale of Two Police Shootings
A Los Angeles police officer, earlier this year, shot and killed a 54 year-old, black, homeless and, apparently, mentally ill woman. Two officers observed Margaret Mitchell pushing a shopping cart down the street, and stopped to question her as to the ownership of the...
Health Care Quality Under Siege
AFCM’s advertisements and brochure begin with the phrase, “The crisis in American health care is not one of quality.” If a recent New York Times article (10/19) is true, this will soon change. “In a break from three decades of Medicare policy, the Clinton...
Replace the SAT with a Lottery?
“The Secrets of the SAT,” a PBS “Frontline” special, aired a few weeks ago. For sixty minutes, with virtually no “experts” offering opposing views, the show attacked the Scholastic Aptitude Test, required by most colleges. Opponents...
The Basis of Good Government: The Protection of Individual Rights
Good government? Isn’t that an oxymoron? Many today believe so. Who can blame them? Our political system has increasingly become a chaotic jungle driven by competing pressure groups (“special interests”) seeking special “favours” and...
Three Rules for Perfect Headlines: Target, Target, Target!
The difference between advertising and personal salesmanship lies largely in personal contact. The salesman is there to demand attention. He cannot be ignored. The advertisement can be ignored. But the salesman wastes much of his time on prospects whom he can never...
How to Achieve Real Campaign Finance Reform: Have a Government That Can’t Sell “Public Interest” Favors
Congress is once again addressing the issue of campaign finance reform — and no wonder. The American public has become increasingly disgusted by the unprincipled manner in which our legislative process is conducted. The process, in essence, consists of swarms of...
Why the New York Times is Wrong on MSAs and Health Reform
The following is a letter sent by writer Scott Holleran of Glendale, California to the New York Times. Your Oct. 7, 1999 editorial, “The Fight for Patients’ Rights,” is insulting to the reader’s intelligence. By claiming that House...
The Immorality of the “War on Drugs”
Much fuss has been made recently about George W. Bush’s alleged drug usage. Apparently fearful of a scandal, Governor Bush has dodged the issue — with disturbingly Presidential style — creating a bigger scandal. Whether he has used drugs or not, he...
Horowitz: Guns Don’t Kill Black People, Other Blacks Do
“So many racists, so little time.” Black Time magazine editor Jack E. White fired that shot at David Horowitz, the “conservative” head of an organization called The Center for the Study of Popular Culture. And get a load of White’s...
Smoking Down: Good news?
California Just Reported a 29 percent drop-off in cigarette sales. Good news, say supporters of Proposition 10, the voter-approved initiative that places a 50-cent tax on a pack of cigarettes. Actor-director Rob Reiner, who spearheaded the initiative, barely contained...
A Geophysicist Looks at Climate Change: Human Contribution to Climate Change Remains Questionable
The principal focus of climate science is certainly atmospheric science and meteorology, but the subject is so complex that it involves many other areas of the earth sciences, as well as different disciplines, such as physics, chemistry, and even biology. This...
Mail Order Advertising: The Advertising Man’s Greatest Teacher
The real test of an advertising man is in selling goods by mail. But that is a school from which he must graduate before he can hope for success. There cost and result are immediately apparent. False theories melt away like snowflakes in the sun. The advertising is...
Racism and The Jewish Day-Care Center Shooting
Many people have tried to explain the confessed killer’s actions after last week’s shooting in Los Angeles. Most of these explanations are glaringly inadequate, but even the best of them fail to identify the deeper philosophy behind this vicious crime,...
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