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92. A Flat Playing Field Can Spread Western Innovation
- Author:
- Michael C. Maibach
- Publication Date:
- 01-2008
- Content Type:
- Journal Article
- Journal:
- European Affairs
- Institution:
- The European Institute
- Abstract:
- The world has modernized thanks to waves of Western inventions, and the next wave must be a regulatory revolution to ensure that discoveries spread horizontally as far and fast as possible. It is an agenda for the newly formed Transatlantic Economic Council.
- Topic:
- Economics, Government, International Trade and Finance, and Science and Technology
- Political Geography:
- United States and America
93. Commentary: The Challenge for Turkey's True Friends: the AK Party Closure Case and the West
- Author:
- Joshua Walker
- Publication Date:
- 04-2008
- Content Type:
- Journal Article
- Journal:
- Insight Turkey
- Institution:
- SETA Foundation for Political, Economic and Social Research
- Abstract:
- The recent closure case brought against the ruling Justice and Development Party is a direct assault on Turkey's democracy. For this reason, America should not lose the opportunity to swiftly and unequivocally repudiate the establishment's attempts to re-assert control over Turkish politics by undemocratic means. The lack of a concrete resolution on the part of the U.S. in regard to the case has already resulted in a credibility gap. Given America's emphasis on and interest in Turkey's democracy and attendant reform process, a simple re-affirmation of its commitment to citizen's choices in free and fair elections would send a powerful message to a country that is on edge. Instead, Turkey is left with 'friends' who lack credibility and resolve at the worst possible moment. If the ruling party and its leadership are banned from political life, not only will Turkey lose its credibility in the Middle East as the only indigenous Muslim-majority democracy, the United States will also lose credibility in the world theatre for failing to support democracy in Turkey.
- Topic:
- Civil Society, Democratization, Government, Islam, Politics, and United Nations
- Political Geography:
- America and Turkey
94. European and American Roles in Nation-Building
- Author:
- James Dobbins
- Publication Date:
- 12-2008
- Content Type:
- Journal Article
- Journal:
- The International Spectator
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Contrary to popular belief, the number of conflicts and the number of casualties, refugees and displaced persons resulting from them has fallen dramatically since the end of the Cold War. Previously, with neither superpower wanting a dispute to be settled to its disadvantage, conflicts dragged on indefinitely or were permanently frozen. After 1989, dynamics changed and international interventions began to pursue more far-reaching objectives: to disarm combatants, promote civil society, restore the economy, etc. Nation-building thus replaced inter-positional peacekeeping as the dominant form of international intervention with such missions becoming larger, longer and more frequent. The UN's success rate, as measured in enhanced security, economic growth, return of refugees and installation of representative governments meets or exceeds that of NATO- and EU-led missions in almost every category. It is time, therefore, for Western governments, militaries and populations to get over their disappointment at the UN's early failures and begin once again to do their fair share in these efforts.
- Topic:
- NATO, Cold War, and Government
- Political Geography:
- America and Europe
95. From the Editor
- Author:
- Craig Biddle
- Publication Date:
- 09-2008
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Welcome to the now-orange-for-better-visibility-on-the-newsstands Fall 2008 issue of TOS. Here is a preview of the seven articles at hand:My essay, "McBama vs. America," surveys the promises of John McCain and Barack Obama, shows that these intentions are at odds with the American ideal of individual rights, demonstrates that the cause of such political aims is a particular moral philosophy (shared by McCain and Obama), and calls for Americans to repudiate that morality and to embrace instead a morality that supports the American ideal.
- Topic:
- Government
- Political Geography:
- Japan and America
96. The Resurgence of Big Government
- Author:
- Yaron Brook
- Publication Date:
- 09-2008
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Following the economic disasters of the 1960s and 1970s, brought on by the statist policies of the political left, America seemed to change course. Commentators called the shift the "swing to the right"-that is, toward capitalism. From about 1980 to 2000, a new attitude took hold: the idea that government should be smaller, that recessions are best dealt with through tax cuts and deregulation, that markets work pretty effectively, and that many existing government interventions are doing more harm than good. President Bill Clinton found it necessary to declare, "The era of big government is over." Today that attitude has virtually vanished from the public stage. We are now witnessing a swing back to the left-toward statism. As a wave of recent articles have proclaimed: The era of big government is back. The evidence is hard to miss. Consider our current housing and credit crisis. From day one, it was blamed on the market and a lack of oversight by regulators who were said to be "asleep at the wheel." In response to the crisis, the government, the policy analysts, the media, and the American people demanded action, and everyone understood this to mean more government, more regulation, more controls. We got our wish. First came the Fed's panicked slashing of interest rates. Then the bailout of Bear Stearns. Then the bailout of Freddie Mac. Then a $300 billion mortgage bill, which passed by a substantial margin and was signed into law by President Bush. No doubt more is to come. All of this intervention, of course, is supported by our presidential candidates. Both blame Wall Street for the current problems and vow to increase the power of the Fed's and the SEC's financial regulators. John McCain has announced that there are "some greedy people on Wall Street that perhaps need to be punished." Both he and Barack Obama envision an ever-growing role for government in the marketplace, each promises to raise taxes in some form or another, and both support more regulations, particularly on Wall Street. Few doubt they will keep these promises. What do Americans think of all this? A recent poll by the Wall Street Journal and NBC News found that 53 percent of Americans want the government to "do more to solve problems." Twelve years earlier, Americans said they opposed government interference by a 2-to-1 margin. In fact, our government has been "doing more" throughout this decade. While President Bush has paid lip service to freer markets, his administration has engineered a vast increase in the size and reach of government. He gave us Sarbanes-Oxley, the largest expansion of business regulation in decades. He gave us the Medicare prescription drug benefit, the largest new entitlement program in thirty years. He gave us the "No Child Left Behind Act," the largest expansion of the federal government in education since 1979. This is to say nothing of the orgy of spending over which he has presided: His 2009 budget stands at more than $3 trillion-an increase of more than a $1 trillion since he took office. All of this led one conservative columnist to label Bush "a big government conservative." It was not meant as a criticism. Americans entered the 21st century enjoying the greatest prosperity in mankind's history. And many agreed that this prosperity was mainly the result of freeing markets from government intervention, not only in America, but also around the world. Yet today, virtually everyone agrees that markets have failed. Why? What happened? To identify the cause of today's swing to the left, we need first to understand the cause and consequences of the swing to the right.
- Topic:
- Education and Government
- Political Geography:
- America
97. Mandatory Health Insurance: Wrong for Massachusetts, Wrong for America
- Author:
- Paul Hsieh
- Publication Date:
- 09-2008
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Identifies the theory behind the Massachusetts mandatory health insurance program, exposes the program as a fiasco, explains why the theory had to fail in practice, and sheds light on the only genuine, rights-respecting means to affordable, accessible health care for Americans.
- Topic:
- Government and Health
- Political Geography:
- America
98. The Assault on Energy Producers
- Author:
- Brian P. Simpson
- Publication Date:
- 12-2008
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- "We've got to go after the oil companies," says President-elect Barack Obama in response to high oil and gasoline prices. "We've got to go after [their] windfall profits." Explaining the purpose of recently proposed energy legislation, Senate Majority Leader Harry Reid says: "We are forcing oil companies to change their ways. We will hold them accountable for unconscionable price-gouging and force them to invest in renewable energy or pay a price for refusing to do so." Calling for government seizure of private power plants, California Senate Leader John Burton insists: "We have to do something. These people have got us by the throat. They're making more money than God, and we've got to fight back-not with words, but with actions." This attitude toward energy producers, which is practically unanimous among American politicians today, is wreaking havoc not only on the lives and rights of these producers, but on the lives and rights of Americans in general. It leads to laws and regulations that prohibit producers and consumers from acting on their rational judgment with respect to energy. It causes energy shortages, brownouts, and blackouts that thwart everyone's ability to be productive and enjoy life. And it results in higher prices not only for energy, but for every good and service that depends on energy-which means every good and service in the marketplace, from food to transportation to medical care to sporting events to education to housing. Energy producers, like all rational businessmen, are in business to make money. Profits are what motivate them to exert the requisite brain power, to engage in the necessary research, and to invest the massive amounts of money required to produce and deliver the energy we need to light, heat, and cool our homes, and to power the factories, workplaces, and tools required to produce the goods on which our lives depend. Their profit motive is to our benefit. Moreover, energy producers, like all human beings, have a moral right to act according to their own judgment so long as they do not violate the rights of others. They have a moral right to use and dispose of the product of their effort as they see fit. They have a moral right to contract with customers by mutual consent to mutual benefit. In other words, they have a moral right to life, liberty, property, and the pursuit of happiness. And it is only by respecting these rights that we can expect energy producers to produce energy. So let us examine the assault on these producers, count the ways in which this assault is both impractical and immoral, and specify what must be done to rectify this injustice. . . .
- Topic:
- Government
- Political Geography:
- America and California
99. New Deal or Raw Deal? How FDR's Economic Legacy Has Damaged America
- Author:
- Eric Daniels
- Publication Date:
- 12-2008
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Seventy-five years have elapsed since Franklin Delano Roosevelt introduced the flurry of government programs he called the New Deal. In the years since, most historians have lavished FDR with praise, claiming that his bold leadership helped to pull America out of the Great Depression. Even those who acknowledge the failure of particular Roosevelt-era programs claim that FDR instilled hope and confidence in the American people, and that his economic failures were the result of his not going far enough in his policies and not spending enough money. Today, amidst calls for increasing government regulation of the financial industry and increasing government spending through stimulus packages, the New Deal is making a comeback. In light of the recent mortgage crisis and economic downturn, pundits are calling for a revival of 1930s-style policies. Daniel Gross claimed at Slate.com that New Deal reforms were "saving capitalism again." Newly minted Nobel economist Paul Krugman issued calls in the New York Times for President-elect Obama to mimic and expand FDR's response to the Great Depression. And a recent Time cover called for a "New New Deal"-and featured an iconic photo of FDR, with Obama's face and hands substituted. As the Obama administration begins to implement its economic plan, Americans would do well to reexamine the history of the original New Deal and its effects. Though most historians rank FDR as a great president, some, including Burton Folsom Jr., boldly dare to ask if "the New Deal, rather than helping to cure the Great Depression, actually help[ed to] prolong it" (p. 7). According to Folsom, a professor of history at Hillsdale College, the answer is clearly the latter. In New Deal or Raw Deal? How FDR's Economic Legacy Has Damaged America, he challenges the myth that FDR's New Deal represents a shining moment in American history. As long as the mythology surrounding the New Deal remains intact, he notes, "the principles of public policy derived from the New Deal will continue to dominate American politics" (p. 15), costing Americans billions of dollars and further damaging the economy. . . .
- Topic:
- Economics, Government, and History
- Political Geography:
- America
100. Property Rights and the Crisis of the Electric Grid
- Author:
- Raymond C. Niles
- Publication Date:
- 09-2008
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Surveys the history and achievements of America's electricity entrepreneurs, shows how government interference in the transmission grid has hampered their enterprises from the outset to the present day, and indicates what America must do to liberate the grid and enable a new wave of entrepreneurs to supply this vital product commensurate with the country's demand.
- Topic:
- Economics and Government
- Political Geography:
- New York and America