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The Welfare-State Paradox

"Whether ... a system of social security is a good or a bad policy is essentially a political problem. One may try to justify it by declaring that the wage earners lack the insight and the moral strength to provide spontaneously for their own future. But then it is...

The Ford Follies: Yes, It Can Get Worse

Brent Eastwood does a splendid job elucidating so many of the problems of the fatally flawed Ford super-carrier. I suspect he had to say "promising" but there is nothing here for the 21st century; this is the chariot and crossbow of the next generation. This is the...

The Steady Rise in Living Standards

"The history of capitalism as it has operated in the last two hundred years in the realm of Western civilization is the record of a steady rise in the wage earners’ standard of living. The inherent mark of capitalism is that it is mass production for mass consumption...

Pentagon Acquisition: Rotten From Head to Toe

The pattern is a revolving door of deliberate insider trading and influence by hiring retiring flag officers with active Rolodexes to be exploited in bent bidding and shadowy acquisition practices in an already sclerotic and gummed-up acquisition system that can't...

The Business of America: War, War, War!

Sachs mentions Timber Sycamore which was a classified weapons supply and training program run by the CIA and supported by the United Kingdom and some Arab intelligence services, including Saudi intelligence. The aim of the program was to remove Syrian president Bashar...

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