“We have the means to impose the state of the world” said World Economic Forum chairman Klaus Schwab, sounding ever more like Ernst Stavro Blofeld, at the Davos forum this week. In that remark, he summed up precisely what is wrong with globalization – it leads inexorably to an unending global monopoly. Even the totalitarian […]

Pundits all over the media are proclaiming gloomily that we are in for a re-run of the 1970s. They are far too optimistic. If you look at the world with an unprejudiced eye, we currently have aggressive power blocs, rapidly escalating protectionism, overpriced stock and real estate markets and a huge mass of malinvestment from […]

The Financial Times last week gave an account of the new “pencil” tower at 111 West 57th Street that made me glad I am not a billionaire. For one thing, if by inordinate wealth I were compelled to purchase an apartment on the upper floors of that building, the weight of my book collection – […]

The well-respected political journalist Matthew Continetti has just published a book “The Right: The Hundred Year War for American Conservatism,” one of many such, which takes the meaning of “Conservatism” as varying from decade to decade, according to the winds of events and popular culture. This seems to me a silly way to go about […]

There are many factors that make rational economic decision-making difficult. One of them is that the media and educated opinion, mostly wholly ignorant of the laws of economics (or preferring to ignore them) often has violently misguided views on a subject, which it uses its intellectual power and marketplace megaphone to impose. William F. Buckley […]