Like all ideologies capitalism evolves with experience and adjusts to failures and social evolution. It never achieves perfection, but its endurance indicates a strength that competing ideologies lack. We can learn much from the ones that failed, though it seems every generation is cursed to try them again. The ones that succeed are subject to be taken for granted. It is the job of the educational institutions to transfer the understanding of our critical institutions, and their failure is crippling.
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“Left and Right alike are partly or wholly captive to the fantasies of managerial progressivism and neo-mercantilism, with the Left imagining that Washington can intelligently direct energy and labor markets and much of the Right falling in behind protectionism, “managed trade,” and corporate welfare for everybody from Boeing to Foxconn.”
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from Kevin Williams at National Review, There is No Alternative, excerpt: Socialism has two relevant features: Central planning of the economy by political powers and the public provision of ordinary goods (as opposed to public goods such as national defense
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from The Shiny Object Fallacy by Kevin Williamson in National Review Online The wise political entrepreneur uses more opaque methods to make his purchases. Hillary Rodham Clinton walked away from the inquiry into her remarkably successful commodities-trading career unscathed, in
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From Michael Barone at National Review- Equality at the Expense of Prosperity: Economist Tyler Cowen takes issue with another of Piketty’s assumptions, that the rich can earn 4 to 5 percent on their wealth “automatically, with the mere passage of time,
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Kevin Williamson writes The Destroyer Cometh in National Reveiw Online: It is easy to be anti-fracking when that does not require you to give up anything, easy to oppose the expansion of the Keystone pipeline network when you can be confident that
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From Michael Barone at National Review- Equality at the Expense of Prosperity: “There’s a persistent tension,” writes Bloomberg’s Clive Crook, “between the limits of the data [Piketty] presents and the grandiosity of the conclusions he draws.” Like global-warming alarmists, he extrapolates from
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Kevin Williamson writes Welcome to the Paradise of the Real in The National Review Online. It is a bit long but quite worthy of the time to read it in its entirety. Excerpts: The farther away we move from the physical economy
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From Michael Barone at National Review- Equality at the Expense of Prosperity: But is his picture of current trends complete? The Manhattan Institute’s Scott Winship points out that relying, as Piketty does, on tax returns for the U.S. statistics means
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Matthew Continetti writes in The National Review Online Oligarchy in the 21st Century Excerpts: If the business editors of the Times were aware of the irony of lamenting the political influence of great wealth on one half of their page while handling
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Mona Charen writes in National Review What Sotomayor Gets Wrong . Excerpts: Sotomayor’s argument rests entirely on a fallacy — that lowering admission standards for certain minority applicants is the only possible response to concerns about racial and ethnic
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From Stephen Moore at Investor’s Business Daily, The Left’s Advice Would Bring A Second Great Depression: One oddity of the current economic debate is that the more Barack Obama’s incompetent income-redistribution policies have failed, the more the left calls for
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from National Review Online, Jim Geraghty writes Why Liberals Can’t Govern: That argument is strongly disputed, but the Obama administration has proven the flip side of the coin: Liberals’ belief in the inherent goodness of a far-reaching federal government drives them to
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From The National Review Online, Alec Torres writes Global Warming & the Mongolian Empire’s Rise: Now a recent study in Proceedings of the National Academy of Sciences argues that there is a correlation between increasing global temperatures and the rise of the Mongolian
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Kevin Williamson writes The Destroyer Cometh in National Reveiw Online: Mr. Stewart is among the lowest forms of intellectual parasite in the political universe, with no particular insights or interesting ideas of his own, reliant upon the very broadest and
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From Jim Talent writing Sowing the Wind at National Review Online: A great nation with neither power nor strategic purpose is just as vulnerable, and perhaps more so, than a small nation. Great nations have targets on their backs. They can never
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From National Review Online, Jeffery Singer writes The ACA: A Train Wreck and a Lie. Excerpts: Before 1996, if you purchased individual health insurance through a broker, you would have been offered a “guaranteed renewability” option. This would guarantee that
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Victor Davis Hanson writes 2017 and the End of Ethics in National Review Online: Excerpts: During the next presidency, will the filibuster still be bad, or will it suddenly be good again? Will there be a nuclear option again? Recess
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from The National Review Online Matthew Continetti writes The Inequality Business: Excerpts: It’s a funny thing about the inequality debate that has consumed the American intelligentsia for the past several years: The individuals who are most interested in identifying, describing,
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Kevin Williamson adds some clarity to the minimum wage debate in The Minimum-Wage Myths in The National Review Online. Excerpts: The purpose of this fight is not to hash out economic questions related to low-income people. The purpose of the fight
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