Defending Property Rights—It’s No Day at the Beach
Thirty years ago, George and Sharlee McNamee purchased a beachfront house in California, hoping to create a home in which to spend their retirement. Over the years, the McNamee’s made various...
View ArticleWhole Foods, Partial Rights
In 2007, Whole Foods, the popular purveyor of natural foods, sought to expand its business by acquiring rival grocer Wild Oats. However, the Federal Trade Commission claimed that the merger would...
View ArticlePutting It In Reverse
The once stalwart US auto industry has been brought to its knees. A plethora of problems, including poor management decisions and crippling labor laws, have virtually wiped out shareholder value and...
View ArticleBy Government Fiat Alone
Ailing automaker Chrysler LLC has entered into an agreement with Italian carmaker Fiat SpA. The deal would involve an exchange of technology and access to distribution networks, giving Fiat a 35% stake...
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Dictatorship in the Time of Cholera
Since August, Zimbabwe has suffered from a cholera outbreak that to date has killed 3,000 people and infected nearly 60,000 more. In the Western world, cholera outbreaks are rare thanks to the...
View ArticleHigh Crimes and Michael Phelps
Last week, a Wall Street Journal op-ed screamed “Arrest Michael Phelps!” and a sheriff in South Carolina threatened to prosecute the famed Olympic swimmer. Commentators across news and radio stations...
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Capitalism In Crisis?
Capitalism is in crisis, claims Richard Posner on the pages of the Wall Street Journal today. This crisis happened, he says, because “a capitalist economy, while immensely dynamic and productive, is...
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Sacrifice Before Solvency
Business schools fail their students by emphasizing altruism rather than the virtues of wealth-creation. With the global economy in tatters, trillions of dollars in wealth destroyed, once mighty...
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Doing No [Business With] Evil
China, a country of over one billion people with arguably the world’s fastest growing economy, presents an attractive investment opportunity for many Western companies. However, doing business under...
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Has the Free Market Failed?
The American economy is in a state of malaise. Stock and real estate prices have plummeted from their peaks in recent years, people have collectively lost trillions of dollars, major companies have...
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