The Suicide of Venezuela

Joel D. Hirst on The Suicide of Venezuela:

I have watched the suicide of a nation; and I know now how it happens. Venezuela is slowly, and very publically, dying; an act that has spanned more than fifteen years. To watch a country kill itself is not something that happens often. In ignorance, one presumes it would be fast and brutal and striking – like the Rwandan genocide or Vesuvius covering Pompeii. You expect to see bodies of mothers clutching protectively their young; carbonized by the force or preserved on the glossy side of pictures. But those aren’t the occasions that promote national suicide. After those events countries recover – people recover. They rebuild, they reconcile. They forgive.

No, national suicide is a much longer process – not product of any one moment. But instead one bad idea, upon another, upon another and another and another and another and the wheels that move the country began to grind slower and slower; rust covering their once shiny facades. Revolution – cold and angry. Hate, as a political strategy. Law, used to divide and conquer. Regulation used to punish. Elections used to cement dictatorship. Corruption bleeding out the lifeblood in drips, filling the buckets of a successive line of bureaucrats before they are destroyed, only to be replaced time and again. This is what is remarkable for me about Venezuela.

[…]

Tonight there are no lights. Like the New York City of Ayn Rand’s “Atlas Shrugged”, the eyes of the country were plucked out to feed the starving beggars in abandoned occupied buildings which were once luxury apartments. They blame the weather – the government does – like the tribal shamans of old who made sacrifices to the gods in the hopes of an intervention. There is no food either; they tell the people to hold on, to raise chickens on the terraces of their once-glamorous apartments. There is no water – and they give lessons on state TV of how to wash with a cup of water. The money is worthless; people now pay with potatoes, if they can find them. Doctors operate using the light of their smart phones; when there is power enough to charge them. Without anesthesia, of course – or antibiotics, like the days before the advent of modern medicine. The phone service has been cut – soon the internet will go and an all-pervading darkness will fall over a feral land.

Progressive Education: Why They Support Bernie Sanders

A friend wrote us:

I have heard many young people describe why they support Bernie Sanders, and I empathize.

They believe they are being screwed by our government, and their futures are being robbed, and that is true.

They believe that cronyism and Washington picking winners and losers, is unjust, and that is true.

They believe that an outsider, an anti-establishment candidate, someone not beholden to special interests or to corrupt political parties, is our only hope, and that is true.

They believe what’s fundamentally missing is values and integrity, that politicians are immoral thieves and power-lusters, and that is true.

Regrettably, these youth are so uneducated and ignorant that they believe a socialist—the very essence of future-robbing, cronyism, corruption, immorality and power-lusting—is their salvation. It’s really the perfection of Progressive education we are witnessing: for 50 years our children have been indoctrinated instead of educated.

This slow journey by the Left is how all “cultural revolutions”—and destruction and war, and death camps, arise from formerly civilized societies. But that’s superficial. Leftist propaganda is ineffective, so blatantly vacuous and stupid, that the only way it works is that our culture has already instilled the moral code of altruism into our youth. Conservatives and their religious values, included.

Everyone (almost) is pro-altruism and no one (almost) dares to question it. Declare you are against selfishness and for the needy, and you get a blank check to rewrite history and facts, defy logic, blame scapegoats, and commit the worst atrocities in the name of “the oppressed.”

Kasparov: The Arithmetic of Appeasement in the 21st century

Writes Garry Kasparov on New threats rose as U.S. apathy became policy:

Inaction can fracture alliances. Inaction can empower dictators and provoke terrorists and enflame regional conflicts. Inaction can slaughter innocent people and create millions of refugees. We have the horrific proof in Syria, where Barack Obama’s infamous “red line” has been painted over in blood.

….Social psychology documented the “bystander apathy effect” in the 1960s, a phenomenon in which the more people who witness a crisis together, the less likely any one of them is to help. Studies showed that while 70 percent of people alone will help a stranger in distress, the number drops to 40 percent when other people are in the room. Inaction is not only deadly, it’s contagious, and it applies to nations as well as to individuals.

The solution to this sort of paralysis on a nation-state level is to have strong global institutions and treaties that are binding and clear. For example, an agreement between countries to guarantee mutual defense or an organization that is bound to intervene to stop a genocide. In theory, contractual commitments and shared moral obligations will override the bystander effect. In practice, the fear of taking action is so strong that the leaders of the free world find excuse after excuse to ignore their commitments and their values.

These excuses range from feigned ignorance to legalistic pedantry to rhetorically reducing the national and international interests that must be protected. Hundreds of thousands slaughtered in Rwanda? We didn’t know. The Budapest Memorandum guarantees Ukrainian territorial integrity? Check the fine print, we’re technically not bound to defend them. Russian jets are crossing into Turkish territory? The North Atlantic Treaty Organization begs member nation Turkey not to invoke the mutual defense clause. Iraq and Syria are exploding into civil war? It’s a Middle Eastern problem. The civil wars are churning out terrorist groups and refugees reaching the West? It’s a European problem. Islamic State sympathizers killed 14 people in San Bernardino, the deadliest terror attack on U.S. soil since 9/11? Our anti-IS strategy is the right one.

Obama and his fellow neo-isolationists are well aware that few are condemned and fewer are convicted of having the power to prevent a tragedy but refusing to do so, while a single death resulting from intervention will be denounced. A quarter-million deaths, a dozen terror attacks, a million refugees, these are politically acceptable consequences of inaction, but a single casualty from action, even attempting to prevent those horrors, is considered politically unacceptable.

Biddle: Ted Cruz for President

Craig Biddle at the The Objective Standard eloquently makes the case for Ted Cruz for President:

Cruz is a Christian who takes his religion (semi) seriously. And I certainly understand why people of reason distrust a politician who believes there is “a guy in the sky” to whom we owe faith and obedience. All manner of irrational and life-throttling ideas can follow (and have followed) from that fantasy.

But Ted Cruz is not a theocrat. In the realm of politics, he recognizes that the U.S. Constitution takes precedence over his religion. As he puts it:

My faith is an integral part of who I am. I’m a Christian, and I’m not embarrassed to say that. I’m not going to hide that and treat it like something you can’t admit publicly. . . .

But I also think that those in politics have an obligation not to wear their faith on their sleeve. There have been far too many politicians who run around behaving like they’re holier than thou. My attitude as a voter, when some politician stands up and says “I’m running because God told me to run” [a veiled reference to Marco Rubio], my reaction is “Great, when God tells me to vote for you we’ll be on the same page.”

I’m not asking for your vote because of my personal faith. . . . I’m asking you to vote for me because I’ve spent a lifetime fighting to defend the Constitution and Bill of Rights, fighting to defend the American free enterprise system. And we need a leader who will stand up every day and protect the rights of everyone, whether they’re Christians or Jews or Muslims or anyone else. The Bill of Rights protects all Americans. It protects atheists. That’s the beauty of the Bill of Rights. . . . The Constitution and the Bill of Rights [embody] a unifying principle that can bring us together across faiths, across races, across ethnicities—and we need to come together behind the unifying principles that built America.

Cruz is far from flawless. But he is by far the best viable candidate running for president today.

We don’t get to dream up a flawless candidate and make him real. We have to choose among the actual alternatives, or enter a protest vote, or choose not to vote. Those are our only alternatives.

Given the foregoing facts, Cruz is the clear-cut best choice for America.

 

Victims of Communism in Cuba: 73,000

From Victims of Communism in Cuba: 73,000 (CNSNews):

As President Barack Obama currently visits Cuba, it merits noting that the Communist regime south of Florida has killed an estimated 73,000 people since the dictator Fidel Castro seized power in 1959, according to the Victims of Communism Memorial Foundation, which was established by an act of Congress in 1993.

The Victims of Communism Memorial Foundation, which runs the Museum of Communism, is a non-profit group created “to educate this generation and future generations about the ideology, history, and legacy of communism,” reads its website. It also is building a memorial “to commemorate the more than 100 million victims of communism” worldwide.

Heckle Therapist

Jerry Seinfeld on dealing with hecklers:

Very early on in my career, I hit upon this idea of being the Heckle Therapist. So that when people would say something nasty, I would immediately become very sympathetic to them and try to help them with their problem and try to work out what was upsetting them, and try to be very understanding with their anger. It opened up this whole fun avenue for me as a comedian, and no one had ever seen that before. Some of my comedian friends used to call me – what did they say? – that I would counsel the heckler instead of fighting them. Instead of fighting them, I would say “You seem so upset, and I know that’s not what you wanted to have happen tonight. Let’s talk about your problem” and the audience would find it funny and it would really discombobulate the heckler too, because I wouldn’t go against them, I would take their side. [link]

Moon Shot: A $30 million competition to land a privately funded robot on the moon

The Google Lunar XPRIZE incentivizes space entrepreneurs to create a new era of affordable access to the Moon and beyond.

“It is only with a commercial mindset and commercial technologies that we will achieve a long-term vision of space commercialization and industrialization.” — Peter H. Diamandis, Chairman & CEO of XPRIZE

Created in 2007, the mission of the Google Lunar XPRIZE is to incentivize space entrepreneurs to create a new era of affordable access to the Moon and beyond.

The competition’s $30 million prize purse will be awarded to teams who are able to land a privately funded rover on the moon, travel 500 meters, and transmit back high definition video and images.

The first team that successfully completes this mission will be awarded the $20 million Grand Prize. The second team to successfully complete the mission will be awarded $5 million. To win either of these prizes, teams must prove that 90% of their mission costs were funded by private sources. Teams have until the end of 2016 to announce a verified launch contract to remain in the competition and complete their mission by the end of 2017.

Why the Moon? The Moon is not only our nearest neighbor in space, but it is also the gateway to the rest of the universe. Formed approximately 4.5 billion years ago, the Moon provides exciting opportunities for discovery in the fields of science, technology, resource detection and utilization, and human habitation.

Science Projects: The Moon has already impacted the way we think about future exploration through previous discoveries, such as the existence of lava tubes potentially big enough to support a lunar base and the detection of ice at the lunar poles.

All of these discoveries have been made from lunar orbit. Now think of all the exciting research opportunities for scientists if they can have access to the lunar surface!

Abundant Resources: The Moon is a treasure chest of rare metals and other beneficial materials that can be used here on Earth. A successful Google Lunar XPRIZE would result in cost-effective and reliable access to the Moon, allowing for the development of new methods of discovering and using space resources, and in the long-term, helping to expand human civilization into space.

To Infinity and Beyond: The Moon is an essential stepping-stone to the rest of the universe, and the opportunity to learn from our closest neighbor can provide the necessary experience to further humanity’s presence in the solar system and beyond.

Private Exploration: The technologies developed by the Google Lunar XPRIZE teams will further reduce costs and barriers to entry so that private industry can work alongside government agencies and advance lunar exploration.

 Learn more at http://lunar.xprize.org

 

We Told You So: Trump for President?

Writes Michael Hurd in April of 2011: Donald Trump: The Wish Fulfillment Candidate | Capitalism Magazine

If you’re looking for a label to describe Trump, the one I’d pick is fascist. A fascist is essentially a socialist who wants to keep up the appearance of private markets while in fact running the whole show himself. Socialism would do away with the private economy altogether — even one run behind the scenes by government managers — and replace it with out in the open government control. As a businessman, Donald Trump can probably be counted on not to embrace socialism. But I’d bet money he’d be a fascist. And fascism will drop the free market of capitalism, as well. Things will now be run by … Donald Trump.

As the American economy continues not to grow or get any better, the appeal of a fascist-lite dictator such as Donald Trump will grow. This isn’t because there are no rational alternatives to dictatorship. It’s just that none are being offered. The Tea Party talks cutting spending, but offers no strength because it offers no ideology of any kind. As a result, it’s hardly cutting a penny from the budget (and in today’s terms, a penny is a billion). Quite naturally people are going to listen to Donald Trump, because they think he’s something different from Barack Obama. But Donald Trump is not the voice of reason, nor the voice of the personal responsibility Americans must take if we are to remain a free country (politically) and become a free country again (economically).

Trump is the voice of wishful thinking — disguised by toughness.

Sometimes we dislike it when we are right.

Trumpism is Fascism

Writes Glenn Woiceshyn in the National Post:

“Trumpism” is a major transition to fascism, which opposes individual rights, which is anti-American. Aside from the Second Amendment (on guns), Trump is virtually silent on defending the U.S. Constitution and Bill of Rights. Instead, he wants total executive power to restrict immigration and free trade, seize private property, punish corporations that bother him, and so on. His campaign tactics are fascistic: appeal to emotion and for blind trust, demonize critics, foreigners and religious/ethnic groups, and speak in vague generalities about positive effects — “I will make America great again!” — without naming or explaining causes. Everything is about “making deals,” not protecting rights. It’s no accident that Trump likes Vladimir Putin, who also likes Trump.

In his 1982 book, Ominous Parallels: The End of Freedom in America, philosopher Leonard Peikoff brilliantly demonstrated how intellectual and political trends in America were pointing toward fascsm. Trump is merely cashing in on the dumbing down of America that has been taking place for decades, where relatively few today understand what liberty means or how it caused America to be great.

Apple CEO Tim Cook’s full ABC interview on Apple’s fight with the FBI

“If a court can ask us to write this piece of software, think about what else they could ask us to write. Maybe it’s an operating system for surveillance. Maybe it’s the ability for law enforcement to turn on the camera. I mean, I don’t know where this stops. But I do know this is not what should be happening in this country. This is not what should be happening in America. If there should be a law that compels us to do it, it should be passed out in the open, and the people of America should get a voice in that. The right place for that debate to occur is in Congress.” — Tim Cook

COOK ON A MASTER KEY:

No one would want a master key built that would turn hundreds of millions of locks. Even if that key were in the possession of the person that you trust the most, that key could be stolen. That is what this is about.

COOK ON THE SLIPPERY SLOPE:

It’s clear that it would be a precedent. New York law enforcement is already talking about having 175 phones there. Other counties across the United States are talking about phones they have. And so it is a slippery slope. I don’t fear it; it is one.

COOK ON NATIONAL SECURITY VS PRIVACY:

Cook: I know people like to frame this argument as privacy versus national security. That is overly simplistic and is not true. This is also about public safety. The smartphone that you carry has more information about you on it than probably any other singular device or any other singular place.

Muir: So this is about protecting the safety of the people who carry those iPhones?

Cook: That’s exactly right. And by the way, it’s probably just not iPhone. Because if the government could order Apple to create such a piece of software, it could be ordered for anyone else as well. It doesn’t stop here.

Think about this. It is, in our view, the software equivalent of cancer. Is this something that should be created? Technology can do so many things. But there are many things technology should never be allowed to do. And the way you not allow it, is to not create it.

COOK ON ENCRYPTION:

Cook: Hacking has become increasingly commonplace. It is very difficult to secure data, and the everyday person can’t do it. They look for Apple to help them do it. You need to look no further than the government, which has had some of the worst breaches of all in this case. And so yes, security gets better with every software release we have. Encryption gets more advanced. It has to to stay one step ahead of the bad guys.

Muir: So it’s not a mistake that we can’t get into Syed Farook’s iPhone?

Cook: We didn’t do it for that reason, David. We did it to protect our customers. But yes, a side effect means that Apple can’t get to it either. Think of it like this: if you put a door in a house, it’s a lot easier to get in that house. It doesn’t matter whether it’s locked or not. Somebody can get in that. And so our simple view is that you encrypt end to end, and you don’t keep a key. And so the people that can see communications are the people on either end of that communication.

COOK ON THE FBI DEMANDS:

Cook: What they want is, they want us to develop a new operating system that takes out the security precautions. Including the precaution that, after 10 tries, if somebody has set “erase all data after 10,” they want that to not be in there. And then they want an ability to go through a number of passwords at the speed of a modern computer.

Muir: A computer would do that to figure out the code.

Cook: A computer would do that. We believe that is a very dangerous operating system

Muir: Because once people know that exists, you say, the cat is out of the bag.

Cook: If one of the bad guys knew that that existed, think about the target that is. Everybody would want that system. Because you could get in… It has the potential to get into any iPhone. This is not something that should be created.

AT THE END OF THE DAY WHAT APPLE WILL DO

Cook: We would be prepared to take this issue all the way. Yes. Because I think it’s that important for America. This should not be decided court by court by court. If you decide that it’s okay to force a company to do something that they think is bad for hundreds of millions of people, then… Think about this for a minute. And this case is an awful case; there is no worse case than this case. But there may a judge in a different district that feels that this case should apply to a divorce case. There may be one in the next state over that thinks it should apply in a tax case. Another state over it might apply in a robbery. And so you begin to say, ‘Wait a minute. This isn’t how this should happen.’ If there is going to be a law, then it should be done out in the open for people so their voices are heard through their representatives in Congress.

Muir: And if Congress decided that there’s this small category — this was a terrorist’s iPhone. If Congress decided that, if the American people signed off on that, you’d entertain it?

Cook: Let me be clear. At the end of the day, we have to follow the law. Just like everybody else, we have to follow the law. What is going on right now is we’re having our voices be heard. And I would encourage everyone who wants to have a voice and wants to have an opinion to make sure their voice is heard.

Just Released: The Merchant of Mars: A Novella by Ron Pisaturo

Just Released: The Merchant of Mars: A Novella by Ron Pisaturo

The head of NASA convinces the President that space exploration should be done by private industry, and the United States government declares, “The first person to land on Mars, live there a year, and return alive owns the whole Red Planet.” Capitalists compete to win the greatest race in history. Environmentalists plot to make them all fail.

That is the premise of Ron Pisaturo’s novella, The Merchant of Mars, now available on Amazon in paperback and Kindle ebook. That premise draws on a political idea by Objectivist philosopher Harry Binswanger.

Author Pisaturo says about his story:

The story’s heroes are greedy capitalists who want to exploit Mars, and the villains are environmentalist progressives who want to ‘save’ the planet—Mars, that is. The story illustrates that there is virtually no limit to what capitalists can achieve when the government recognizes and protects property rights.

The pro-capitalist perspective of the story flows naturally from deeper elements. The good guys drive the action. They don’t merely react to the diabolical plans of an evil mastermind. It is the heroes who are the masterminds, the ones with gigantic plans, the ones who build great and powerful machines; and it is the villains who react by trying to destroy those machines.

The heroes are not grim loners who reluctantly become heroes only after their loved ones have been killed by the arch-villain and his all-powerful organization. The heroes don’t wait for bad things to happen. They make good things happen. The heroes are already-successful and happy individuals who risk everything—their lives, their fortunes, and their sacred honor—to achieve something beyond the dreams of others. Their conflicts are great because they have a lot to lose and a lot to gain, and they and their loved ones face all-or-nothing, life-and-death choices throughout their journey.

It’s not easy to build a business. Many people in today’s society think that only society as a whole can do it. This story shows individuals doing it. They have to raise money, make payroll, meet deadlines, mortgage their personal property, lay off employees, fight regulations and government-subsidized competitors, turn down government subsidies that come with strings, drive competitors they admire and love out of business, or lose everything.

The novella can be read in one sitting.

UPDATE: You can read an excerpt at The New Romanticist.

Daraprim Saga and Shkreli

Everyone Hates Martin Shkreli. Everyone Is Missing the Point – The New Yorker:

[W]as Shkreli’s performance actually more objectionable than that of the legislators who were performing alongside him? Elijah Cummings, of Maryland, is the ranking Democrat on the committee, and he used his allotted time to deliver a scolding. “Somebody’s paying for these drugs, and it’s the taxpayers that end up paying for some of them,” he said. “Those are our constituents.” In fact, it’s hard to figure out exactly who is paying what for Daraprim. Shkreli and Turing have claimed that hospitals and insurance companies will pay, while patients who can’t afford it will get a discount, or get it for free. And Nancy Retzlaff, Turing’s chief commercial officer, told the committee about her company’s efforts to get the drug to people who can’t afford it. The arrangement she described sounded like a hodge-podge, an ungainly combination of dizzyingly high prices, mysterious corporate bargaining, and occasional charitable acts—which is to say, it sounded not so much different from the rest of our medical system.

[…]

The Daraprim saga has as much to do with the Food and Drug Administration as with Shkreli: although the drug’s patent expired in the nineteen-fifties, the F.D.A. certification process for generic drugs is gruelling enough that, for the moment, whoever owns Daraprim has a virtual monopoly in America. (Overseas, it is much cheaper.)

Shkreli is selling a drug in America where the PATENT HAS EXPIRED — other people cannot sell it in America, not because of Shkreli, but because of the FDA. It is cheap outside the country where there is no FDA!!!! Perhaps congress is going after the wrong entity.

One of the strangest things about the anti-Shkreli argument is that it asks us to be shocked that a medical executive is motivated by profit. And one of the strangest things about Shkreli himself is that he doesn’t seem to be motivated by profit—at least, not entirely.

Joy: The Pleasure in Learning

Susan Engel is a senior lecturer in Psychology and the director of the Program in Teaching at Williams College. And she has written an insightful piece on the importance of pleasure in learning.

From Joy: A Subject Schools Lack – The Atlantic:

The thing that sets children apart from adults is not their ignorance, nor their lack of skills. It’s their enormous capacity for joy. Think of a 3-year-old lost in the pleasures of finding out what he can and cannot sink in the bathtub, a 5-year-old beside herself with the thrill of putting together strings of nonsensical words with her best friends, or an 11-year-old completely immersed in a riveting comic strip. A child’s ability to become deeply absorbed in something, and derive intense pleasure from that absorption, is something adults spend the rest of their lives trying to return to.

[…]

Decades of research have shown that in order to acquire skills and real knowledge in school, kids need to want to learn. You can force a child to stay in his or her seat, fill out a worksheet, or practice division. But you can’t force a person to think carefully, enjoy books, digest complex information, or develop a taste for learning. To make that happen, you have to help the child find pleasure in learning—to see school as a source of joy.

Adults tend to talk about learning as if it were medicine: unpleasant, but necessary and good for you. Why not instead think of learning as if it were food—something so valuable to humans that they have evolved to experience it as a pleasure? The more a person likes fresh, healthy food, the more likely that individual is to have a good diet. Why can’t it be the same with learning? Let children learn because they love to—think only of a 2-year-old trying to talk to see how natural humans’ thirst for knowledge is. Then, in school, help children build on their natural joy in learning.

Read the entire article Joy: A Subject Schools Lack over at The Atlantic.

 

Bernie The Bum Who Never Produced Anything Wants Your Money

Bernie Sanders, The Bum Who Wants Your Money | Stock News & Stock Market Analysis – IBD

Sanders spent most of his life as an angry radical and agitator who never accomplished much of anything. And yet now he thinks he deserves the power to run your life and your finances — “We will raise taxes;” he confirmed Monday, “yes, we will.”

One of his first jobs was registering people for food stamps, and it was all downhill from there.

Sanders took his first bride to live in a maple sugar shack with a dirt floor, and she soon left him. Penniless, he went on unemployment. Then he had a child out of wedlock. Desperate, he tried carpentry but could barely sink a nail. “He was a shi**y carpenter,” a friend told Politico Magazine. “His carpentry was not going to support him, and didn’t.”

Then he tried his hand freelancing for leftist rags, writing about “masturbation and rape” and other crudities for $50 a story. He drove around in a rusted-out, Bondo-covered VW bug with no working windshield wipers. Friends said he was “always poor” and his “electricity was turned off a lot.” They described him as a slob who kept a messy apartment — and this is what his friends had to say about him.

The only thing he was good at was talking … non-stop … about socialism and how the rich were ripping everybody off. “The whole quality of life in America is based on greed,” the bitter layabout said. “I believe in the redistribution of wealth in this nation.”

[…]

The choice in this election is shaping up to be a very clear one. It will likely boil down to a battle between those who create and produce wealth, and those who take it and redistribute it.

 

 

Progress in the global war on poverty

Progress in the global war on poverty – CSMonitor.com

Global poverty has fallen faster during the past 20 years than at any time in history. Around the world hunger, child death, and disease rates have all plummeted. More girls are getting into school. In fact, never before have so many people, in so many poor countries, made so much progress in reducing poverty, increasing incomes, improving health, reducing conflict and war, and spreading democracy.

Some of these gains – especially the declines in poverty and child mortality – rank among the greatest achievements in history. Yet few people are aware that they are even happening. Most people believe that, apart from a few special cases such as China and India, developing countries by and large remain hopelessly mired in poverty, stagnation, and dictatorship. Yet the reality is quite different: A major transformation is quietly under way, affecting the lives of hundreds of millions of people in nearly every corner of the world.

[…]

What sparked these changes? […] First, the end of the cold war, the demise of communism, and the collapse of the Soviet Union dramatically improved the global environment for sustained and peaceful development. The United States and the Soviet Union stopped propping up some of the world’s nastiest dictators. Proxy wars and political violence associated with the cold war came to an end in Central America, Southeast Asia, Southern Africa, and elsewhere. Countries in Eastern Europe and Central Asia gained their freedom. Perhaps most powerfully, economic and political ideologies shifted substantially. Communism and strong state control lost credibility. A new consensus began to form around more market-based economic systems and – at least in many countries – more accountable and democratic governance, along with greater respect for basic freedoms and rights. Developing countries around the world introduced major economic and political reforms and began to build institutions more conducive to growth and social progress.

Second, globalization and international access to new technologies brought more trade and finance and a far greater exchange of ideas and information. Exports from developing countries are five times as large today as they were just 20 years ago, and financial flows are 12 times as large, creating many more economic opportunities. With deeper global integration came technologies that spurred progress: vaccines, medicines, new seed varieties, mobile phones, the Internet, and faster and cheaper air travel. To be sure, globalization has brought challenges, risks, and volatility, not least the 2007 food and 2008 financial crises. [These in fact were caused by government policy.–Ed.] But it has also brought investment, jobs, ideas, and markets, all of which stimulated progress. 

Third, while global changes mattered, the countries that began to move forward did so primarily because of strong leadership and courageous actions by the people in those countries themselves. Where new leaders at all levels of society stepped forward to forge change, progress ensued; where old dictators stayed in place, or new tyrants stepped in to replace the old, political and economic systems remained rigged. ….

Revitalizing Objectivity in Judicial Review

How should courts interpret the law? Strictly according to the text? By lawmakers’ original intent? By the needs of today’s society? Philosophical ideals? In this talk and Q&A, Tara Smith, professor of philosophy and BB&T Chair for the Study of Objectivism at the University of Texas – Austin, argues that the best laws in the world are useless if misunderstood – yet today, the debate over proper interpretation is a minefield of loaded concepts and false alternatives.

Smith’s new book, Judicial Review in an Objective Legal System, explains the pillars of proper review by grounding it in the function of an objective legal system. As the Rule of Law teeters, as presidential candidates stake radical claims about judges and the Constitution, and as issues ranging from abortion rights to medical care to war powers come before the courts, the question couldn’t be more timely.

 

The New Road to Serftdom: A Letter of Warning to America

Daniel Hannan’s book, The New Road to Serftdom: A Letter of Warning to America, urges Americans not to take such things as federalism, the rule of law and limited government for granted. He believes the United States could find itself lurching toward European-style socialism even more quickly. We have points we disagree with but his knowledge, eloquence and passion for freedom is something missing in the bulk of today’s politicians.

 

Leonard Peikoff on Obama, The First New Left President

“The best evidence of this [Progressive] power to date has been the policies of Obama, the first New Left president….

“Besides working energetically to expand the reach of political correctness and environmentalism—and besides his unprecedentedly militant replay of the standard attacks on business, banks and Wall Street—Obama has endorsed some new measures and defended them on new grounds. Obamacare, for example, was defended not as compassion for those in medical need, but because equality of healthcare is a value in itself, quite apart from any special needs of the poor. The attorney general, Eric Holder, wanted American civilians and captured terrorists to be tried in the same courts, not because he sympathised with terrorism, but because all men, Americans and jihadists alike, being equal, have equal rights. Mr. Holder in this instance was applying to a legal situation the president’s own approach to foreign policy in general, exemplified by his regular apologies to other countries for America’s long and harmful delusion of “exceptionalism”—a delusion because all countries equal, and should have been so treated by the United States.

“To my mind, the most eloquent indication of Obama’s mindset is his demand for confiscatory taxation of what he calls “millionaires and billionaires,” not because these individuals are misusing their wealth or obtained it immorally, but simply because they have it, an unacceptable condition, since inequality of income, no matter its source, is unfair. It was once the American dream to climb “from rags to riches,” to make it big, to be able to crow proudly about becoming a millionaire. Now the administration tells us that it is unfair to achieve the dream because some people haven’t, and that the successes must be shot down until everyone’s rags match….” [The DIM Hypothesis 295-296]

Voice of Capitalism

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