When I was in Congress, I once went on a fact-finding trip to Pakistan. At the time, the country was being wracked by a terrorist bombing campaign intended, in large part, to destabilize the government of President Pervez Musharraf. What I found, however, was that President Musharraf was facing another threat to his rule.
Read MoreTag: capitalism
Schweizer: The Titans of Wall Street Are Among China’s Closest American Allies
TRANSCRIPT: McCabe: One of the great ironies in investigative journalist Peter Schweizer’s new book Red-Handed is the degree to which the Chinese Communist Party has infiltrated the very heart of American capitalism on Wall Street. Schweizer told The Star News Network that the titans of Wall Street are among China’s…
Read MoreCommentary: Shrinking the State Versus Draining the Swamp
The Republican Party is divided. An older generation supports limited government. A younger generation wants to use a large government to pursue unapologetically conservative ends.
Less than a decade ago, the Republican Party seemed wholly committed to limited government, and 2016 was thought to be a “libertarian moment.” Then Donald Trump changed everything.
Read MoreBlack Lives Matter Launches Christmas Campaign Against ‘White-Supremacist Capitalism’
Black Lives Matter (BLM) is attacking two of America’s most revered holidays, accusing Americans of “eating dry turkey and overcooked stuffing on stolen land” on Thanksgiving and promoting “white-supremacist capitalism” with Christmas.
The official Twitter account of the self-described “collective of liberators” posted, “YOU ARE ON STOLEN LAND” (original emphasis), with the subheading “Colonization never ended, it just became normalized.”
BLM posted a series of Tweets on Thanksgiving about its ideology.
For example, one tweet said, “This #Thanksgiving we send our deepest love to families whose loved ones were stolen by state-sanctioned violence and white-supremacy.
Read MoreCommentary: Tennessee Legislature Must Pass Big COVID Test in ‘Special Session’
The red state/blue state dichotomy is not simple.
Nowhere is that more apparent than Tennessee where—despite having one of the most conservative electorates in the country—the leadership has been passive at best in responding to the wishes of their supporters during these days of great crisis.
Read MoreCommentary: A.G. Garland’s Use of Police Power Against Parents Could Be His Undoing
Destruction of the family has always been at the center of the collectivist project. In chapter two of The Communist Manifesto, Marx and Engels point out that the destruction of private property will never be complete until the “abolition [Aufhebung] of the family” is accomplished. The dream is perennial among snarling misanthropists. A couple of years ago, an interview in The Nation with a radical feminist explained that if you “want to dismantle capitalism” then you have to “abolish the family.”
It is worth keeping that in mind as the little drama of Merrick Garland versus the parents of America unfolds. I wrote about the attorney general’s absurd but troubling memorandum shortly after it was released on October 4. As all the world knows (but only some precincts of the world admit), Garland threatened to mobilize the entire police power of the state against parents. Why?
Read MoreCommentary: Break Up Big Tech Before It’s Too Late
With the rise of populist and bipartisan resentment against Big Tech monopolies along with the recent appointment of Big Tech opponent Lina Khan as chairman of the Federal Trade Commission, government action against these companies seems imminent. People are waking up to the fact that they have way too much power and are a threat to the American way of life.
As if on cue, prominent conservatives have come to the defense of these monopolies. Most recently, Robert Bork Jr. argued in National Review that breaking up Big Tech would lead to “a slippery slope to the end of capitalism and the rise of political management of the economy.” He agrees with conservatives such as Representative Jim Jordan (R-Ohio), who says, “These [anti-monopoly] bills give power to the FTC, the new commissioner we all know is radically left.”
Read MoreMajority of Americans Want the Government to Fight Income Inequality, Poll Finds
A majority of respondents believe that the federal government should push policies that reduce income inequality in the United States, according to a poll released Friday by Axios.
The Axios poll shows 66% of respondents say the government should work to lower the level of income distributed unevenly, up 4% compared to 2019.
Republicans surveyed who agreed the government should tackle income inequality increased by 5%, and Independents who responded similarly increased by 2%, according to the poll. Democrats saw an increase of 7% in favor of such policies compared to 2019.
Read MoreCommentary: Dismantling America Without a Replacement
Calls to dismantle this group or that institution have become the topic du jour in American politics. It started with police departments and the criminal justice system, then it spread to museums, and now one Democratic congresswoman is raising the bar on a logarithmic scale.
In a Tuesday press conference devoted to discussing America’s alleged systemic racism, Congresswoman Ilhan Omar, D-MN, called for dismantling “the whole system of oppression wherever we find it.”
Read MoreHow the Myth of the ‘Robber Barons’ Began – and Why It Persists
by Burton Folsom We study history to learn from it. If we can discover what worked and what didn’t work, we can use this knowledge wisely to create a better future. Studying the triumph of American industry, for example, is important because it is the story of how the…
Read MoreAmazon: The World’s Most Dangerous Crony Capitalist
by Rick Manning The bedrock of American commerce – and of the broader capitalist experiment – has always been competition. If you can build a better mousetrap, invent a longer-lasting light bulb or more efficiently churn out widgets (or in this case, clichés), odds are your endeavor will encounter success. It doesn’t…
Read MoreThree Ways Milton Friedman Improved the Field of Economics
by Luis Pablo De La Horra Milton Friedman is probably the most important free-market thinker of the twentieth century. His ideas in defense of capitalism and economic freedom had an enormous influence on the shift towards free-market policies that took place from the 1970s onwards. Countries like the UK, China,…
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