This Information-Age Economy is real, and it’s here to stay. You can’t wall yourself off from it with protectionist tariffs, or government programs, or wishful thinking. You can’t put the genie back in the bottle.
U.S. Sen. Josiah Bailey of North Carolina (1930-1936) considered FDR's New Deal program harmful to the nation.
U.S. Sen. Josiah Bailey of North Carolina (1930-1936) considered FDR's New Deal program harmful to the nation.
Amy Chua's misguided World on Fire picks on capitalism for causing violence against oppressed people.
George Leef accuses liberals of picking on Wal-Mart simply because it is successful.
Michael Mandelbaum's Ideas That Conquered the World: Peace, Democracy, and Free Markets in the Twenty-first Century presents a "liberal theory of history" through a narrow, distorted lens.
If you go to one of the periodic anti-globalization tantrums of the Left, one of the gripes you will hear is that globalization means “American cultural hegemony.” That is, when “we” build McDonald’s restaurants or sell designer jeans in culturally different nations, we’re guilty of undermining, if not destroying, the indigenous culture. Culturecide is nearly as bad as genocide, and we had better stop it!
There is a burgeoning movement afoot to redefine Adam Smith as a “liberal” of the contemporary, progressive sort, rather than as the icon of classical liberalism he is standardly taken to be. It has never been a secret that Smith was not an anarchist, nor even, probably, a monarchist.
The New Economy is here to stay, and no amount of government aid or wishful thinking can shield North Carolina’s traditional industries from it. But our own history shows that the downsides of economic change are outweighed by its boons.
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