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
THANK YOU, Donna Brazile. If Hollywood is smart, they would send this lady a dozen long-stem red roses. I’ll explain. NBC, along with the other major networks, faced an NAACP boycott for failing to increase minority hiring. Under pressure, NBC just agreed to add...
Political news shook Taiwan’s economy last week. The tumultuous chain of events began with a cancelled power project, led to a cabinet shakeup, a warning to investors, and then a run on the stock market. Afterwards, Taiwan ‘s recently elected President...
Elián Gonzales, a 6-year-old Cuban boy, found Thanksgiving Day clinging to an inner tube off the coast of Florida, is about to be deported back to Communist Cuba on January 14, 2000, if the United States Immigration and Naturalization Service (INS) has its way. It was...
Prodos for Capitalism Magazine: America, the Land of the Free, is currently trying to expel a man who defends its highest principles. Why? Because he defends its highest principles! Reason, individual rights, capitalism, and the pursuit of happiness, are not welcome...
“Any Day Now,” a weekly sitcom on cable TV’s “Lifetime” channel, chronicles the lives of two woman-one black; the other white – who have renewed their childhood friendship that began in Birmingham, Alabama, during the early 1960s....
The world’s climate can change in just a few decades without any human intervention. Jeffrey P. Severinghaus of the Scripps Institution of Oceanography, using a new method of analyzing gases trapped in Greenland ice, showed air temperatures warming rapidly at...
“Thank ‘My Sweet L-rd’ For Gun Laws.” A major newspaper opinion piece led with that headline. Ex-Beatle George Harrison, maintains the columnist, remains alive today only because of England’s tough anti-gun laws. A few weeks ago, an...
The following letter was sent in reply to John Lewis’ article England, The Euro, and Socialist Europe. We present it followed by John Lewis’ reply. In Defense of the Euro: Mr. Lewis: Painting Germany as a socialist planned economy that is stagnating is...
One of the most tragic effects of state controlled health care is the phenomenomen of “brain drain.” No young bright individual, no dedicated physician who has spent years mercilessly studying and mastering his art wishes to be a slave to the government....
Governor George W. Bush claims prosperity is not enough. Instead, he says, we need prosperity with a “purpose.” The crucial question remains: whose purpose? In a free country, individuals are left free to decide their own purpose, so long as they do not...
I’m not expecting a Year 2000 cataclysm. I’ve read a fair amount of literature on the subject, and it largely breaks down into two categories. In the first, you find sober discussions of the details with a conclusion that the problem is largely manageable....
Approximately 2500 years ago Hippocrates, a physician-philosopher and genius from Greek antiquity, put into motion one of man’s greatest and noblest achievements-Western Medicine. The inheritors of Hippocrates’ rational Art-the physicians of today-are...
“What’s he really done in life?” A Montgomery civil rights worker posed this question about Martin Luther King III — the eldest son of legendary civil rights leader Martin Luther King Jr. Pretty heavy thing, being named King III, and now he...
“White racism exists,” “National Review” editor John O’Sullivan once said, “But its social power is weak. And the social power against it, overwhelming.” Too bad white Atlanta Braves relief pitcher John Rocker did not consult...
Question: What is “eating away at the fabric of democracy”? According to Democratic Presidential candidate Bill Bradley, the answer is the impact of special interest money on campaign finance. Ditto for Republican presidential candidate Sen. John McCain,...
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...
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...
“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....
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...
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...
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...
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...
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.
“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...
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...
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...
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,...
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...
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...
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...
“Racial identity” erects an unbridgeable gulf between people, as though they were different species, with nothing fundamental in common.
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...
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