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Journal for Western Man : Issue LXII
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Return to Issue LXI.
View TRA's Superstructure Index.
Proceed
to Issue LXIII.
TRA's Yahoo! Group. View TRA's Old Master Index. TRA's Allied Organizations. TRA's Discussion Forum. View TRA's List of Contributors. Submit Items to TRA. Business
Toyota Does Right When It Does Wrong: Prius Recall: Dr. Bill Belew June 7, 2006: Dr. Bill Belew of PanAsianBiz reports that Toyota has voluntarily recalled its Prius automobile upon discovering serious safety problems with it; this news demonstrates that government regulations are not necessary to force companies to respect consumer safety. Companies like Toyota -- concerned about their profitability-- will take adequate and often generous measures on their own.
The Competition over Arcelor: Massive Steel Industry Consolidation?: G. Stolyarov II June 7, 2006: A Russian entrepreneur-- Aleksei Mordashov-- seeks to acquire the French/Belgian steel firm Arcelor. G. Stolyarov II comments on the economic and political implications of this pursuit-- which might in part be an attempt to escape political persecution by Vladimir Putin's authoritarian regime.
The United States: The Land of 8.9 Million Millionaires: G. Stolyarov II June 7, 2006: The United States has often been referred to as the only country in the world with a million millionaires. Recent figures show that this number is actually much higher. Mr. Stolyarov discusses the implications of these numbers-- including the fact that the U.S. will not lose its status as the world's number-one economic power anytime soon.
U. S. Economic Predictions Dependent on India, China: Dr. Bill Belew June 7, 2006: Dr. Bill Belew of PanAsianBiz describes the growing difficulty in predicting U. S. economic trends by focusing on U. S. data alone in a globalizing world. The greater difficulty of economic prediction due to a global economy also implies more unforeseeable consequences for government regulation; US government restrictions on free enterprise might have far-reaching negative effects abroad that the regulators could not have predicted. Perhaps it is time to recognize the futility of government controls in a globalizing world.
Murakami Yoshiaki Gets Hammered Down: Dr. Bill Belew June 8, 2006: Dr. Bill Belew of PanAsianBiz reports on the conviction of Japanese businessman Murakami Yoshiaki on charges of "insider trading"-- an innocuous action involving an entrepreneur's use of information to maximize his utility and opportunities. This is another instance of government persecution of non-coercive, peaceful profit-makers.
$650-Billion Tech-Services Industry Must Rethink, Says Infosys CEO Nilekani: Dr. Bill Belew June 8, 2006: Outsourcing technology services is no longer just an option for companies; Infosys CEO Nandan Nilekani thinks it is a necessity. Dr. Bill Belew describes the immense gain in efficiency due to outsourcing; the savings might be the difference between paying $70 for a service and paying $0.20 for it.
Economics
Computer Programmers and Comparative Advantage: G. Stolyarov II June 7, 2006: The fact that programmers from other countries tend to be more skilled than American programmers should not be alarming, writes G. Stolyarov II. Individuals from foreign countries might simply have a comparative advantage in programming-- which implies that Americans should specialize in other areas where they have a comparative advantage over foreigners, while trading with the foreigners for their programming services.
Filosofy
The Quest for a New Enlightenment: G. Stolyarov II June 7, 2006: The 18th-century Enlightenment was the single most important intellectual development in human history; it made possible the comfortable, prosperous, stable, and relatively free Western civilization that we enjoy today. Mr. Stolyarov describes some of the fundamental accomplishments of the Enlightenment-- accomplishments that TRA seeks to revive.
Politics
Protecting the Republic from Federal Judges: Tom DeWeese June 7, 2006: Activist Federal judges have repeatedly nullified individual rights and the sovereignty of locally-elected governments-- constituting a monolith of centralized power and a clear danger to property rights and personal freedoms, writes Tom DeWeese. Congressman Ron Paul's "We the People Act" has been proposed to change this and rein in activist judicial power.
Donnie Goodwin June 7, 2006: Donnie Goodwin objects to Mr. Stolyarov's categorization of all currently illegal drugs as harmful; Mr. Goodwin argues that Hemp's THC is not harmful at all. The government's War on Drugs has been a devastating failure-- putting 1 in every 136 Americans behind bars in order to maintain special-interest monopolies on the sale and distribution of drugs.
Charles Smyth June 7, 2006: Exiles from countries like Zimbabwe-- which have fallen under dictatorial rule-- are assets for the creation of positive change, writes Charles Smyth. These exiles can be trained in the fundamentals of laissez-faire capitalism and reclaim power in their home countries via the assistance of private military companies. This will enable the United States to promote liberty and individual rights abroad without risking its own troops or being accused of imperialism.
Alan Caruba June 7, 2006: For decades, trillions of dollars of Western foreign aid have failed to "cure" poverty and deaths from easily preventable diseases in the Third World. Alan Caruba urges the abandonment of the mentality that poverty can be solved by pouring money at the problem; rather, corrupt authoritarian governments in Africa and the rest of the Third World are to blame for the problem's perpetuation.
Should We Love or Loathe the Mafia?: Dr. Robert P. Murphy June 8, 2006: Dr. Robert P. Murphy reviews Diego Gambetta's book, The Sicilian Mafia: The Business of Private Protection, and analyzes whether the violent and coercive practices of the mafia would still exist in an anarcho-capitalist, stateless world.
"The improvement of medical practice, which will become more efficacious with the progress of reason and of the social order, will mean the end of infectious and hereditary diseases and illnesses brought on by climate, food, or working conditions. It is reasonable to hope that all other diseases may likewise disappear as their distant causes are discovered. Would it be absurd, then, to suppose that this perfection of the human species might be capable of indefinite progress; that the day will come when death will be due only to extraordinary accidents or to the decay of the vital forces, and that ultimately the average span between birth and decay will have no assignable value?" ~ Marquis de Condorcet, The Future Progress of the Human Mind (1794)
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