I pose this question seriously, not as a physiologist, but as an economic historian. I am provoked to raise the question by an advertisement that Amazon sent me recently, calling my attention a book titled Can Capitalism Survive? Creative Destruction and the Future of the Global Economy. Seeing this sales pitch, my immediate reaction […]

I’ve commented before on the explicitly liberal (in the contemporary sense of the word) turn that Newsweek magazine has recently taken. While I’ve always viewed the magazine as having a liberal bias, until recently it came across as liberal reporters attempting to present the facts. Now they’ve quit reporting the news (because it’s so […]

The headline of Newsweek‘s current cover story reads: “We Are All Socialists Now.” The story tells us that Republicans and Democrats, oligarcos y peones, have given up on the market economy and, however reactionary some people’s rhetoric may be, we are all in fact being swept toward bigger government by an irresistible wave. Pretty soon, we […]