This excerpt from Delanceyplace.com is from a biography of Deng Xiaoping (Deng Xiaoping and the Transformation of China by Ezra F. Vogel). Mao’s radicalism had destroyed China and the country was facing catastrophe when he took over. This brings up my youthful struggles with the age old argument of man versus history. The argument I [...]
In Free Market Revolution, co-authors Yaron Brook and Don Watkins, colleagues at the Ayn Rand Institute, undertook a difficult task.
Since Ayn Rand made the case for egoism as the morality of capitalism in Atlas Shrugged (and more pointedly in Capitalism: The Unknown Ideal), numerous books have argued that free markets produce wealth, discussing various [...]
“Sir, I see Sir Mervyn King has signalled that he no longer believes that price stability should be the Bank of England’s primary objective. Perhaps if he had his gold-plated, index-linked pension replaced by a private sector annuity pension he would be more focused on reducing inflation.”
Letter to [...]
This is another video-gone-viral which interestingly is a watch advertisement (TechnoMarine-never heard of them). Can you even guess how much money it took to make this? Here is a glimpse of what they went through:
But creating the underwater nightclub set was no easy task. Thinkmodo went to California-based Sea Trek for the futuristic looking diving helmets. [...]
Gallup surveyed people on attitudes toward rich people. Here are two very interesting charts that say a lot about the USA.
Why do you think this is the case? With all we hear about the inequality of wealth and the demonization of the One Percenters, this is surprising in that the trend [...]
Professor Paul Krugman and Rep. Ron Paul (R-Texas) went head to head on BloombergTV this week. True to his neo-Keynesian form, Prof. Krugman insisted that the US government could and should add further debt to stimulate growth. Rep. Paul responded by asking how much debt would be too much, to which [...]
This is a great interview of our own David Stockman by Bill Moyers. The title is “Crony Capitalism,” and the interview is wide-ranging and informative. David spells out the causes of our current malaise and the history behind it. The good thing about shows like this is that Moyers actually let’s Stockman talk at length. [...]
I just returned from the Consumer Electronics Show in Las Vegas where I and 139,999 other people checked out anything you would ever want electronically (ex. APPL; sorry fanboys). Let me tell you, if anyone ever thought of anything electronic, someone else already made it and it’s there. The only problem is finding it. There [...]
This is the second anniversary of this Thanksgiving message to readers.
Every year celebrations of Thanksgiving give thanks for the blessings of God for our well-being. As a skeptic, curmudgeon, and capitalist, I attribute my blessings to free market capitalism. I believe America’s success is the result of two ideas and ideals: human rights derived from Natural [...]
Capitalism died when they decided to subsidize railroads for the sake of national prestige in the mid 19th century.
Capitalism died when, to compensate for the consequences of subsidized railroads, they passed anti-trust laws in 1890, under which it is illegal to have lower prices, the same prices, and higher prices than one’s competitors.