A Journal for Western Man :  Issue LXV

Return to Issue LXIV.           View TRA's Principal Index.               Proceed to Issue LXVI.

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Editor's Update: The Eden against the Colossus home page, along with previews and reviews of this novel by Mr. Stolyarov, has been transferred to TRA's new site on July 5, 2006. The new home page can be found at http://rationalargumentator.com/eac.html.

 

Economics

 

Taxing Total's "Super Profits": Arbitrary and Harmful to Consumers:

Pierre-Louis Boitel

June 29, 2006:

The EU Finance Ministers' demand to tax the allegedly "excessive" profits of the oil company Total is absolutely unwarranted, argues Pierre-Louis Boitel. Though the profits may seem large, they in fact amount to only a slightly above-average return for the investors -- and taxing all slightly above-average returns discourages investment and stifles growth. Furthermore, such measures would damage consumers in the long run by reducing the availability of goods in areas where taxes reduce investment.  

 

If Bill Gates Doesn't Want the Money, I'll Take It!:

Tom DeWeese

June 29, 2006:

Bill Gates may be excellent at his business, but he has absolutely no idea of the vital importance of free markets and wealth, writes Tom DeWeese. Aside from assisting all sorts of leftist market-destroying "social causes," Gates recently states that he regrets being rich and that nothing good can come out of wealth. Mr. DeWeese and the rest of the world that has benefited from Gates's wealth and success beg to differ.

 

Is Economic Patriotism Needed?:

CÚcile Philippe

July 2, 2006:

European governments have recently begun to impose restrictions on the ability of foreign entrepreneurs to acquire companies in European countries. This, argues Cecile Philippe, is counterproductive; it prevents shareholders from more flexibly deciding on what management is the most competent for the firms they invest in. Furthermore, preventing foreign ownership of domestic corporations harms domestic consumers.

 

Are Higher Prices a Blessing?:

Dr. Robert P. Murphy

July 4, 2006:

Dr. Robert P. Murphy refutes Mitchell Anderson's argument that higher oil prices are a positive trend. Dr. Murphy contends that Mr. Anderson mixes three parts economic fallacy with two parts condemnation of government absurdities, and adds a dash of fervent environmentalism. Those who truly believe that the market is overly optimistic about the price of oil should not condemn the expectations of consumers; rather, they should bet against those expectations and make money off their insights.

 

Filosofy

 

The Role of Doctrines in Human History (1950):

Ludwig von Mises

July 3, 2006:

The great Austrian economist Ludwig von Mises writes about the essential function of ideas and systems of ideas in determining human actions and the conditions of entire societies. The social sciences do not have the natural sciences' luxury to analyze these doctrines' consequences experimentally, since social facts are inextricably interrelated, and variables cannot be isolated from one another. It falls on pure rational analysis to discern a given doctrine's real-world effects.

 

Ideas Require Application:

G. Stolyarov II

July 5, 2006:

Mr. Stolyarov refutes the prevalent mindset among intellectuals that truth must be pursued solely for its own sake. Rather, he contends that the purpose of truth is to enable the individual to survive and flourish. Mr. Stolyarov presents a theory of the three vital components of truth and an imperative for intellectuals to turn their minds outward toward benefiting themselves by means of the external reality.

 

Politics

 

The Worldwide Gun Control Movement:

Rep. Ron Paul, M. D.

June 29, 2006:

Though domestic support for gun control legislation has declined in the U. S., Rep. Ron Paul warns us of large-scale efforts by the United Nations to limit private firearms ownership and Americans' inalienable Second Amendment liberties. This international gun control effort should be resisted vigorously, as it would render citizens far easier for intrusive governments to subordinate.

 

Are You Bored with Global Warming?:

Alan Caruba

July 3, 2006:

The multitudes of desperate lies, misrepresentations of data, and pseudo-scientific "studies" conducted by believers in "global warming" should bore any reasonable observer, writes Alan Caruba. Mr. Caruba offers more evidence that "global warming" is a leftist political cause, not a genuine scientific theory; it outright ignores vital data and seeks to impose an anti-progressive political agenda on the Western world. 

 

Birthday Blips: Are Americans Really Free and Equal?:

Dr. Edward Hudgins

July 3, 2006:

On this July 4 holiday, Dr. Edward Hudgins urges Americans to ponder precisely what the Founders meant when they said, "All men are created equal." Men are not equal in material goods and personal abilities -- nor ought they be. They are equal in the fact that they all must use their individual wills and rational faculties to survive and flourish. To accomplish this ideal requires rigorous enforcement of individual rights, from which the present-day American government has strayed.

 

A New Declaration:

Rep. Ron Paul, M. D.

July 3, 2006:

Representative Ron Paul praises the Founding Fathers' insights into the need for limited government -- radical ideas even for our own time. Dr. Paul notes, however, that we do not have this limited government today; while the Founders rebelled over import tariffs of several cents, today's average American gives about 50% of his income to the government. The American people need to submit to their representatives a new declaration expressing their desire for dramatic reductions in government spending -- the only way to curtail Americans' massive tax burden. 

 

"The only source from which an entrepreneur's profits stem is his ability to anticipate better than other people the future demand of the consumers."

 

~ Ludwig von Mises, Human Action (1949)

Visit PanAsianBiz for interesting perspectives on international business and current events in Russia and Asia. Dr. Bill Belew's blog especially addresses Asian countries' contributions to the emerging global economy. Dr. Belew also writes a blog on business in China - ZhongHuaRising - business in Japan - RisingSunofNihon - and business education - TheBizofKnowledge.

 

 

 

 

 

 

 

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