WORLD

The essence of capitalism’s foreign policy is free trade–i.e., the abolition of trade barriers, of protective tariffs, of special privileges–the opening of the world’s trade routes to free international exchange and competition among the private citizens of all countries dealing directly with one another. – AYN RAND

How Net Zero Helped Bring Down British Steel

Nationalization shifts risk to taxpayers.

Our Gift to Iran

The most important effect of America's attack on Iraq has been the removal of Iran's strongest regional opponent, and an increase in the regional power of Iran. As I wrote in Capitalism Magazine in June of 2004: "[President Bush] threw down a secular dictator in Iraq...

U.S. Must Stop Iran from Developing Nuclear Weapons

Gerhard Schroder's suggestion to "take the military option off the table" in dealing with Iran's advancing nuclear program should be dismissed. No amount of "negotiations" and "incentives" will persuade the Iranian mullahs to give up their quest for nuclear weapons....

Today Gaza, Tomorrow Jerusalem

Are Israel's critics correct? Does the "occupation" of the West Bank and Gaza cause the Palestinian Arabs' anti-Semitism, their suicide factories, and their terrorism? And is it true these horrors will end only when Israeli civilians and troops leave the territories?...

Why Iran Sneers

The "Washington Post" recently reported: "Iran resumes processing yellowcake uranium in Isfahan, rejecting a European deal and ignoring warnings of possible U.N. sanctions." (8/9/05, front page) What makes the Iranian government unique is that it shrinks from nothing....

Europe’s Appeasing of Castro Prolongs tyranny

Last Thursday, the French embassy in Havana decided to invite Fidel Castro's communist cronies over to help celebrate France's Bastille Day -- a day similar in significance and symbolism to our Fourth of July.Shamefully, they expressly didn't invite any of Cuba's...

Not Strictly Business: China’s Bid to Buy Unocal

It's a heck of an offer. In an 11th hour bid to buy Unocal, China's state-run CNOOC Ltd. offered $19.6 billion, cash, for America's ninth largest oil company. That's a lot of yuan in anybody's book. For CNOOC, it's downright staggering. If accepted, the deal would put...

Freedom, Not Foreign Aid, For Africa

British Prime Minister Tony Blair is pressuring the rich nations of the world to give more foreign aid to Africa -- to the tune of $25 billion a year by 2010. The U.S. already gave $3.2 billion last year. In the wake of this pressure, we might ask ourselves whether...

The Tragedy of Africa: Foreign Aid and Debt Forgiveness

The Tragedy of Africa: Foreign Aid and Debt Forgiveness

The official declarations coming out of the G8 meetings in Scotland, as well as the raucous demonstrations surrounding those meetings, talk about saving Africa. But, looking back over the decades and generations, Africa has been "saved" so many times that you have to...

Pro-Israel Palestinians

For all their rhetoric about Israel's "vicious" and "brutal" occupation, Palestinian Arabs -- including their leaders -- sometimes let down their guard and acknowledge how they prefer Israel to the Palestinian Authority. Here are some recurring themes: Restraints on...

Palestinians Who Cling to Israel

Israel's interior minister recently declared that after their release from long jail sentences, four Palestinian Arabs convicted of helping with suicide bombings in 2002, killing 35, will be expelled from Israel. They would, the Associated Press reported, "lose the...

Time to Declare Our Independence From the United Nations

The United Nations is a mess. It now finds itself buried under scandals. It has Oil for Food scandals. Sex scandals. Power-abuse scandals. Smuggling scandals. Theft scandals. And unpaid traffic tickets. Rob, rape, and pillage seems to be the UN's modus operandi. Yet...

Venezuelan Dictator Hugo Chavez: Castro’s Mini-Me

  'One darned thing after another': That's how former Secretary of State Dean Acheson once defined foreign policy. The latest "darned thing" for the United States is Venezuelan Dictator Hugo Chavez. For no apparent reason, the leftist strongman is arming...

China Threatens U.S. Alliances

While the Bush administration continues to push and celebrate significant successes for democracy in the Middle East, China is on an opposing mission in Asia, where it continues to block the spread of freedom. The most recent target of Chinese diplomatic pressure is...

Death to “Diplomacy” with Iran

The widely hailed diplomatic effort led by Britain, France and Germany is touted as a reasonable way to settle the dispute over Iran's suspected nuclear weapons program without any losers. By enticing Iran to the negotiating table, we are told, the West can avoid a...

President Bush’s Deadly Iranian Concession

In return for Iran's agreement to temporarily cease the work needed to produce a nuclear bomb, President Bush has agreed to allow Iran to buy civilian airplane parts, and to drop opposition to Iran's membership in the World Trade Organization. These concessions are...

Bush’s Betrayal of America: The Iraqi Elections

President Bush claims that holding elections on January 30 will bring Iraq a step closer to freedom, an outcome allegedly vital to America's security. But the Iraqi election will bring neither freedom to Iraq nor security to America. Consider the beliefs of the Iraqis...

Free Elections in Iraq: Victory and Defeat

Free Elections in Iraq: Victory and Defeat

The defeatists have been defeated. Remember all the political outcries that the Iraqi elections should be postponed because it would be impossible to hold elections with terrorism rampant throughout the country? Fortunately, most Iraqis do not see the American media,...

A Huge Election in Iraq

A Huge Election in Iraq

The election coming up in Iraq may turn out, in the long view of history, to be even more important than our own recent election. Both elections represent a country at a crossroads, with a choice of very different paths to take -- for many years to come -- according...

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