Finally, here is an edition of Road to Serfdom that does justice to its monumental status in the history of liberty. It contains a foreword by the editor of the Hayek Collected Works, Bruce Caldwell. Caldwell has added helpful explanatory notes and citation corrections, among other improvements. For this reason, the publisher decided to call this “the definitive edition.” It truly is.
Crony Car Capitalism
Several recent revelations bring home just what a cesspool of crony capitalism the American auto industry has become. The Obama administration and the UAW (Obama’s major financial and political supporter) are running the show.
Upton flips a switch on CFL bulbs
Three years after he led the charge to require consumers to ditch their comfortable old incandescent lights in favor of those twisty CFL bulbs, Rep. Fred Upton now wants to be the man to help undo that law as the next chairman of the House Energy and Commerce Committee.
That about-face is not unique among lawmakers looking to atone for stances they’ve taken over the past decade as they seek to gain top posts in a decidedly more conservative Republican Congress, but his reversal underscores how intent the GOP is on proving it has broken with past practices.
Capitalism—Minus the Cronies
The revelation that the American taxpayer is now the World’s Banker of Last Resort, as revealed by the new FinReg bill (yet another assault on real, as opposed to crony capitalism), means Americans must face the disturbing reality that our national sovereignty is being completely undermined. And those undermining it have only one over-riding loyalty: a level of naked self-interest beyond anything the world has ever witnessed.
ObamaCare-Kafkaesque Nightmare
ObamaCare-a dream come true for the manufacturers of red tape and sadists everywhere. Repeal, Repeal, Repeal!
Dude, Where’s My Obamacare Waiver?
More than one million Americans have escaped the clutches of the Democrats’ destructive federal health care law. Lucky them. Their employers and labor representatives wisely applied for Obamacare waivers earlier this fall and got out while the getting was good. Now, it’s time for Congress to create a permanent escape hatch for the rest of us. Repeal is the ultimate waiver.
Barack Obama’s Rules for Revolution: The Alinsky Model – by David Horowitz
Since taking office Barack Obama, who promised during his campaign to create a moderate, inclusive administration, has engaged in actions that have created division and fear because they are meant to radically change America, not improve on what has always worked. As a result, David Horowitz writes in Barack Obama’s Rules for Revolution: The Alinsky Model, “Many Americans have gone from hopefulness, through unease, to a state of alarm as the President shows a radical side only party visible during his campaign.”
Take the ‘Crony’ Out of ‘Crony Capitalism’
When Judge Richard Posner, the prolific conservative intellectual, released his book “A Failure of Capitalism: The Crisis of ’08 and the Descent Into Depression” last year, you might have thought the final verdict was in: Capitalism caused the economic downturn and high unemployment.
That this verdict was pronounced by someone like Posner, who is associated with the University of Chicago and the free-market law and economics movement, gave moral support to all the politicians who were intent on exploiting the recession (as they exploit all crises) to increase government control of the economy.
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Capitalism.org
Capitalism.org is the website for the moral social system: laissez-faire capitalism.
1. What is capitalism?
Capitalism is a social system based on the principle of individual rights. The term capitalism is used here in the broader philosophical political sense, and not in the narrower economic sense, i.e. a free-market.