One of the saddest quotes from the Vietnam War came from journalist Peter Arnett, who wrote in a dispatch in 1968 about an American attack on a Vietcong-held village: “It became necessary to destroy the town to save it.” As often happens with such quotes, they take on...
Economics
Biden Admits His Own Sanctions on Russia Won’t Work
by Ryan McMaken | Mar 28, 2022 | Economics, Featured Articles, Foreign Policy
President Biden on Thursday made two big admissions about the US-led economic sanctions on Russia. The first is that the sanctions will lead to food shortages for many countries other than Russia, and that this is simply the price that Americans ought to be forced to...
Capitalism Puts the Poor First
by Thomas Eddlem | Mar 22, 2022 | Economics, Featured Articles
The socialist left says the evidence capitalism oppresses the poor is that free markets relocate factories to the poorest nations in order to pay the lowest wages. And when wage rates rise in poor nations like South Korea and Japan, they move their factories over to...
Et Tu, Heritage?
by Norman Singleton | Mar 21, 2022 | Economics, Featured Articles
Heritage Foundation’s Research Technology Fellow Kara Fredrick’s recent paper, “Combating Big Tech Totalitarianism A Road Map,” is an about face from where the think tank stood just two years ago—and a major departure from where the Hertiage Foundation has stood for...
Law of the Jungle vs. Law of the Market
by Sheldon Richman | Mar 21, 2022 | Blog, Economics, Libertarianism
In the jungle, consumers compete, tooth and claw, with each other for scarce food. In the market, producers compete, peacefully, with each other, producing abundance for consumers. In the jungle, the rule is: eat or be eaten. In the market, it is: serve so that you...
TGIF: Congress Again Rewards Israel’s Misdeeds
by Sheldon Richman | Mar 18, 2022 | Economics, Featured Articles, Foreign Policy, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
To judge by what Congress is up to these days, one would think that it wants to reward Israel for its relentless confiscation of Palestinian land and continued ethnic cleansing. Congress -- which is not only interested in "the Benjamins," that is, Israel Lobby...
The Rotten Case for Sanctions
by Sheldon Richman | Mar 17, 2022 | Economics, Justice, Libertarianism
Now's a good time to read (or reread) Gary Chartier's 2019 article "The Case for Sanctions Fails at Every Turn."
TGIF: Russia in Ukraine: Cui Bono?
by Sheldon Richman | Mar 11, 2022 | Economics, Featured Articles, Foreign Policy, Justice, Politics, Sheldon Richman, TGIF
I don't know if the U.S. foreign-policy elite wanted Russia to invade Ukraine -- an argument could be made for the affirmative -- but I'd hate to think it did. Yet given its long record of global mischief (a polite word for its machinations), we certainly cannot rule...