There is a story, perhaps apocryphal, about a Chinese scholar who was asked by a student, “What is the longterm impact of the French Revolution?” His answer: “It’s too early to tell, it’s simply too early to tell.” Those borrowed words would be my response to the question of the impact of the globalization of...
Fellow investors: Here is our business plan. The route to big profits is to find an industry that is oversized, inefficient, smug, and self-satisfied and then give it an injection of good old-fashioned business competition. Bring the power of business thinking and private sector efficiency to an outmoded industry. Cut costs and prices, downsize, consolidate,...
We are sailing into a new world of public policy—a world as strange and new as Columbus discovered. It is a world where infinite government demands have run straight into finite resources. It is an America made up increasingly of diverse people. At current immigration patterns, by 2040, there will not be a dominant ethnic...
Importing Revolution tells the sad and tragic tale of how the Ford Foundation has funded practically every pro-immigration group in America for the last 30 years. It is hard to read this book without concluding that the Ford Foundation has misused and abused its original purpose, as well as its tax-exempt status, by advancing the...
A nation’s wealth and status is like starlight—what you see is not what is, but what was. Just as the light we see from a distant star started its journey thousands of years ago, so is the nation’s current success due principally to past actions. Great nations have great momentum; past investments in education and...
I have just returned from a trip around the world; a trip where among other things I explored why certain nations succeed brilliantly and other nations stumble along in poverty with marginal economies. In previous travels to South America, I accepted the standard south-of-the-border excuse that its poverty and problems were caused by “Yankee Imperialism.”...
John Stuart Mill woke up one morning and had this overwhelming feeling that the “answer to the question of the ages” had come to him in the middle of the night. But he forgot what it was. He then placed a quill and paper next to his bed, and a few mornings later he awoke...
Imagine yourself going ahead in time—60 years ahead. Imagine yourself in the People’s Republic of North America, in the year 2050. In discussing the rise and fall of the American civilization, it will be necessary to examine the situation at the last time when historians felt this society could have saved itself from disintegration. Consequently,...