The recent collapse of a garment factory building in Bangladesh, resulting in the death, at latest count, of more than 1,100 workers who were employed there, has led to international outrage not only against the building’s owner but also against the various retailers in the United States and Europe, many of them prominent, that have sold clothing
My wife and I briefly visited China two years ago, as part of a cruise that started in Hong Kong and ended in Beijing. We spent a day in Shanghai and 4 days in Beijing. We had been to Hong Kong twice before and had been tremendously impressed by it. But we didn’t expect very much in mainland China. In fact, when the ship stopped in Seoul, Korea, I
From the movie review “Casualties of China’s Transformed Economy” by Jeannette Catsoulis, in today’s Times : Bracketed by stunning long shots taken from the front of a moving freight train, Wang Bing’s epic, three-part documentary, “Tie Xi Qu: West of Tracks,” is an astonishingly intimate record of China’s painful transition from state-run
Middle Eastern terrorism rests on a foundation of financial support in the form of revenues derived from the sale of oil by the members of the OPEC cartel. Sometimes, as in the case of Iraq and Libya, the connection is simple and direct—oil revenues go straight to terrorist governments, either because the terrorist governments themselves own the
Charles Schumer, the senior senator from New York, and Paul Craig Roberts, an assistant secretary of the Treasury in the Reagan administration, have written an article in The New York Times of January 6, 2004, in which they question the benefits of free trade in conditions in which there is mobility of capital and thus effective mobility of
Bob Herbert, op-ed columnist for The New York Times and perennial critic of the purported flaws of capitalism, has an article in the Time s of October 8, 2004, titled “ Working for a Pittance .” The article, drawing on a study “Working Hard, Falling Short,” complains about the low wages of 9.2 million working families and the plight of the 20
Summary Introduction The Economic World Today and in a Hundred Years ( Table 1 ) Ricardo to the Rescue: “Value and Riches, Their Distinctive Properties” The Contributions of Globalization: Extending the Division of Labor Globalization and Capital Accumulation Ricardo on Capital Accumulation: An Answer to the Fears of Capital Transfer ( Table 2 )
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.