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China’s Growing Economy: a Value or a Threat?

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China’s Growing Economy: a Value or a Threat?

China has reportedly overtaken Japan as the world’s second largest economy. Many react to China’s ascendance by warning that America is in “danger” of being “overtaken”. On this view, the fact that some people gain more means that others necessarily have less. This question was raised in a recent discussion on NPR: JOFFE-WALT: And I […]

Is America Still the Land of Opportunity?

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Is America Still the Land of Opportunity?

Writing in the New York Times, Thomas Friedman applauds a recent event honoring the finalists of Intel’s national science talent search, a contest that recognizes promising American high school science students. Friedman notes the high number of finalists of Chinese and Indian descent and reminds us that it’s our willingness to welcome immigrants that allows […]

What Goes Around, Comes Around

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What Goes Around, Comes Around

In courting government power, Google faces its wrath Net neutrality advocates argue that the government should force large network service providers like AT&T and Comcast to charge all of their customers the same rate, regardless of the bandwidth they consume. While no one would defend forcing restaurants to offer only a fixed price, all-you-can eat […]

Has the Free Market Failed?

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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 gone bankrupt, and unemployment numbers remain high. Undoubtedly, many students are lying awake at night wondering whether they will find work after graduation. […]

The Business of Healthcare

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The Business of Healthcare

America’s ailing healthcare industry requires more freedom, not less The state of California has lost more than 90 emergency rooms since 1990—and with them, the ability to treat hundreds of thousands of patients. In New York City, eight hospitals have shut down since 2003 after facing a financial crisis. To stay afloat, countless other hospitals […]

Doing No [Business With] Evil

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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 China’s totalitarian regime comes at a price. For Google, the world’s largest search firm, this meant bowing to the government’s strict censorship rules for search results, which […]

Less Isn’t More

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Less Isn’t More

The flawed logic of conservationism One can hardly escape the appeals to one of today’s most popular causes: conservationism. The message seems to be everywhere: conserve electricity, conserve water, conserve gas, conserve plastic, conserve paper. The state of California has even begun regulating large screen televisions in the name of conservation. To many, it seems […]

Rhodes Scholars take the Road to Wall Street

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Rhodes Scholars take the Road to Wall Street

Elliot Gerson, secretary of the Rhodes trust, points to an interesting trend: In the past thirty or so years, Rhodes Scholars have disproportionately chosen to go into Wall Street careers. He writes: “Only three American Rhodes scholars in the 1970s (out of 320) went directly into business from Oxford; by the late 1980s the number […]

Mandatory Insurance, Shoddy Results

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Mandatory Insurance, Shoddy Results

In a recent op-ed in the Wall Street Journal, Massachusetts Governor Deval Patrick praises his state’s health care program as the right model for the entire nation to adopt. In 2006, Massachusetts passed a health care reform law that required all of its citizens to purchase health insurance. The state set up an agency to […]

Sacrifice Before Solvency

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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 corporations bankrupted, and levels of unemployment unseen in decades, much public opprobrium has been leveled at the financiers and corporate chieftains who allegedly made this happen.  There […]