Adam Smith

Fair Trade Is Still a Fraud

American Institute for Economic Research, October 20, 2021 Fair Trade Is Still a Fraud James Bovard The Biden administration is embracing the same flawed “fair trade” mantra that previous administrations used to sanctify protectionist policies. Biden’s team has “largely dispensed with the idea of free trade as a goal in and of itself,” the New […]
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Adam Smith’s Invisible Hand Is At Our Throats

The invisible hand As everyone knows, Adam Smith invented the theory that individual self-interest is, and ought to be, the main motivating force of human economic activity, and that this, in effect, serves the wider social interest. He put forward  a detailed description of this concept in an immense book, “The Wealth of Nations” (1776). Adam Smith (1723-1790) had been[Read More...]

Prometheus and America: The True Story of the American System by Anton Chaitkin

In this second presentation of the series “A Harmony of Interests: Inquiries into the True Nature of the American System“, sponsored by the Rising Tide Foundation, historian Anton Chaitkin (author of Treason in America [1984] and The Unauthorized Biography of George Bush [1991]) introduces his upcoming book and guides us through a powerful sweep of history stretching from a young Benjamin Franklin’s efforts to cr

The Geopolitics of Epistemological Warfare: From Babylon to Neocon

Originally published on the Strategic Culture Foundation
I think any sane human being can agree that while war was never a good idea, war in the 21st century is an absolutely intolerable one. The problem we currently face is that many of the forces driving world events towards an all-out war of “Mutually Assured Annihilation” are anything but sane.

Not Every Red District Is Susceptible To The Blue Wave-- But Blue Districts Are Susceptible To The Progressive Wave

After Blake Farenthold was forced out of Congress earlier in April for being a workplace perv, there was a vague hope Democrats could win his seat in a special election-- very vague. The DCCC gave the seat a thumbs down and refused to engage, especially after it was clear that the leading Democrat, Eric Holguin, is a progressive. The very gerrymandered district (TX-27) stretches along the Gulf from Corpus Christie and Port Aransas up through Victoria and Port Lavaca to Bay City and, incongruously, west through Shiner and Gonzales into the exurbs southeast of Austin.

Notes on Some Classical Thinking

Notice the “notes” in the title. Part 3 is no textbook. Part 3 is a miniscule “Cliff Notes.” Notice, too, that the title reads “classical” thinking, not “early” thinking. There’s a difference. Since I regard human transactions as the bedrock of any economy and economic system, were I to choose the latter over the former qualifier I would have a lot of ground to cover, namely, that of early humans and their thinking as deduced from artifacts. An impossible task for me.