WORLD

When Soviet Power Crumbled: The Failed Hard-Line Coup Attempt of August 1991

The demise of the Communist Party and the Soviet system was one of the momentous events in modern history.

Keep Elian Free

The debate over Elián Gonzalez, the 6-year-old Cuban boy whose mother died trying to bring him to America, hinges on one essential question: Is freedom a necessity of human life? For our own sakes, we must answer this question with a resounding "Yes"--and keep Elián...

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 "party"...

The IMF in Brazil: The Emperor Has No Clothes!

I'm not sure what's more infuriating: witnessing Brazil's drawn out slow-motion crash and burn after an endless string of stupid policies over the past year; the sudden breakdown in devaluative stupidity; or enduring the lame economic analysis that ensued in the days...

Global Crisis and the Survival of Capitalism

Global Crisis and the Survival of Capitalism

A growing number of countries–among them, Thailand, Indonesia, Malaysia, South Korea, and Russia–are in a state of financial turmoil. They are all suffering from the effects of currency devaluation, widespread bankruptcies and insolvencies, actual or impending bank failures, collapsing stock markets, and mounting unemployment.

The Tradgedy Called Africa

In terms of natural resources, Africa is the world's richest continent. It has 50 percent of the world's gold, most of the world's diamonds and chromium, 90 percent of the cobalt, 40 percent of the world's potential hydroelectric power, 65 percent of the manganese,...

Iraq: The Wrong War

President Clinton's air strike against Iraq is more than geographically misguided. Clinton is fighting the wrong country for the wrong reasons. Because he "doesn't want to take sides," Clinton has launched missiles and flown patrols well away from the battle area,...

Israel’s–and America’s–Fundamental Choice

Over the coming months, the Clinton Administration will pressure the Israeli government to moderate its "impractical" stand toward the Arab countries. But the only practical policy in the Middle East rests upon the very opposite of moderation: the courage to act on...

South Africa’s War Against Capitalism

South Africa’s War Against Capitalism

Professor Williams demonstrates is that apartheid is not an example of capitalism but something much more akin to a mercantilist-interventionist state, in which government bestows privileges, favors, and monopoly positions on a select group at the expense of others in the society.

Panama and the Canal: Children of American Imperialism and Socialism

Panama and the Canal: Children of American Imperialism and Socialism

And now at the end of the 20th century, when the world is turning away from socialism and the idea of government planning, has the United States even suggested the privatization of one of its largest socialist enterprises? No. Instead, the U.S. government will completely transfer state ownership of the canal to the Panamanian government in the year 2000. Such is the conduct of the global bulwark of capitalism.

On the Edge of Hyperinflation in Brazil

On the Edge of Hyperinflation in Brazil

Brazil is a vast country, larger than the continental United States. It is rich in resources and human talent (like America, Brazil is a land of immigrants of various backgrounds and nationalities). If left free and unshackled from government intrusion it could easily become an economic giant in the span of one generation.

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