Speaking Up for American Capitalism

Amid all the anticapitalist rhetoric espoused by policy and opinion makers alike, few businessmen dare rise up to the challenge and defend the free market outright. Gregg Sherrill, Chairman and CEO of Tenneco, Inc. is a notable exception. With capitalism under persecution worldwide, the business community has in part itself to blame. As accusations of […]

Apple, AT&T and Antitrust

In California, a federal judge has ruled that an antitrust class action suit can proceed against Apple and AT&T. What have those companies done to warrant being hauled into court? Basically, they agreed to sell only “locked” iPhones. A locked phone is one that works only on a specific mobile network — in this case, […]

Lawmakers Hammer Out Financial Reform Bill

The United States Congress has enacting “the toughest financial reform since the one we created in the aftermath of the Great Depression,” said President Barack Obama on Friday. The sprawling legislation promises transparency and oversight while providing government with new tools that it can use to liquidate failing firms. In spite of calls to break […]

Even Spill Won’t Convince Tea Partiers

As the Democrats are expected to use BP’s oil spill to push for stricter regulation of business in the United States, left-wing commentators are wondering why even the disaster in the Gulf won’t convince small-government conservatives. The Obama Administration and the Environmental Protection Agency (EPA) — which rarely urges passage of specific legislation — both […]

Who’s to Blame?

In the wake of the Deepwater Horizon oil spill that began on April 20, the question has been asked in media both left and right: who’s to blame? From Time magazine to The Washington Independent to cable news, journalists seemed more obsessed about wondering who is responsible than reporting on the actual catastrophe. In all […]

America’s Last Free Market Under Threat

Amid all the public scrutiny and government regulation that befell American industry throughout the past decades, one sector notably remained relatively untouched by the state. That very sector, at the same time, expanded enormously and revolutionized business and private lives alike at prices that continue to decline up to this very day. But even ICT […]

The Political Disaster of the BP Oil Spill

The BP oil leak in the Gulf of Mexico, still spewing after more than a week and several failed mitigation attempts, is certainly an environmental disaster, the extent of which will likely not be known for many weeks to come. But it is also a political disaster. First of all, though the initial accident was […]