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October 2005

Volume 55, 2005

FEATURES

When the Supreme Court Stopped Economic Fascism in America

We Can Resist the Headlong March into Economic Tyranny

OCTOBER 01, 2005 by RICHARD EBELING

Seventy years ago, on May 27, 1935, the U.S. Supreme Court said no to economic fascism in America.

Hurricane Katrina: Government versus the Private Sector

Wal-Mart and Home Depot Saved the Day in New Orleans

OCTOBER 01, 2005 by SHELDON RICHMAN

Wal-Mart Is Good for the Economy

The Major Criticisms of Wal-Mart Are Without Merit

OCTOBER 01, 2005 by JOHN SEMMENS

Ideologues who rant against Wal-Mart do not understand economics. In a market economy, success goes to those businesses that best and most efficiently serve consumer needs.

Global Warming Is a Threat?

The Only Internally Consistent Picture Is One of a Very Modest Warming

OCTOBER 01, 2005 by PATRICK J. MICHAELS

Last December Naomi Oreskes, an associate professor of history at UCLA, published a Washington Post Outlook piece called "Undeniable Global Warming." She asserted that the planet is warming (true), that increases in greenhouse gases have something to do with it (true), that several scientific societies hold this view (true), that the remainder of the discussion is quibbling about the details, and that we must respond to the threats that global warming presents.

Taxing for Therapy

Proposition 63 Won't Improve Californians' Mental Health

OCTOBER 01, 2005 by THOMAS S. SZASZ

The Marxian credo, "From each according to his abilities, to each according to his needs," is the moral foundation of the progressive tax policies of modern capitalist societies. The psychiatric credo, "From each producer according to his income, to each psychiatric parasite according to his cunning," amplifies that creed and garbs it in the mantle of therapy.

Presidents and Poverty

Self-Reliance, Work, and Entrepreneurship Are the Best Antipoverty Program

OCTOBER 01, 2005 by LAWRENCE W. REED

Conventional wisdom holds that fighting poverty has only lately been a concern of American presidents, and that before Franklin Roosevelt it was hardly a concern at all. This stubborn error persists.

The Economic Policy of Machiavelli's Prince

Rulers Have Repeatedly Resorted to Plundering Their Own People

OCTOBER 01, 2005 by ROBERT HIGGS

Niccol Machiavelli, statesman and writer of Renaissance Florence, got what countless writers have sought and only a few have achieved: his name became immortal. It is known not so much as a proper noun but as an adjective, and that adjective is not one in which he could take great pride.

Australian Labor-Relations Sell-Out

Australian Labor-Relations Regulations Are Irrational, Contradictory, and Oppressive

OCTOBER 01, 2005 by CHARLES W. BAIRD

In mid-March, at the behest of the H.R. Nicholls Society, I traveled to several Australian cities speaking on the subject of the American labor market and the lessons that it might have for labor-law reform in Australia. Along the way I discovered that Australian labor-relations regulations are much more irrational, contradictory, and oppressive even than our own National Labor Relations Act.

Liberty: The Other Equality

Equality of authority.

OCTOBER 01, 2005 by RODERICK T. LONG

Equality is an ideal upheld by a number of ideologies, but nowadays it is seldom associated with libertarianism or classical liberalism. Indeed, both libertarians and their critics typically think of equality as an ideal in tension with the ideal of liberty as libertarians understand it.

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Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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