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 not inherently stable.” Furthermore, he suggests that “the banking crash might not have occurred
In the past months, Washington has used its pull over and over to force businessmen to buy into its programs. From cornering banks into accepting TARP money to firing GM’s CEO to insisting that AIG employees return their contractually guaranteed retention bonus—Washington has demanded and
Crime and Punishment: Jumping off the coal train, April 7, 2009
The Stanford Daily
Your article, “Crime and Punishment: Jumping off the coal train,” argues that despite the benefits of coal America should switch to "sustainable" energy production. Yet, aside from a ludicrous metaphor comparing coal
The Undercurrent has two new flyers available. Distributing is easy--simply download and photocopy! These flyers offer Objectivism’s unique perspective on the economic crisis now facing America. Each double-sided flyer contains thought-provoking commentary illustrating the practical and moral failure of paternalistic government policies.
Distributing flyers is an
Bank of America CEO Ken Lewis has sparked controversy in his recent testimony to regulators. Lewis has revealed that he was threatened, by then-Treasury Secretary Hank Paulson and Chairman of the Fed Ben Bernanke, to buy Merrill Lynch, a company drowning in financial losses of
The Washington Post recently reported that the federal government has changed the rules of the $1 trillion program to relieve banks of toxic assets. President Obama’s administration is back-pedalling on promises it made to financial institutions only a month ago that they would not face
As people assemble on the National Mall to celebrate Earth Day today, the idea that man-made global warming is threatening our future seems a foregone conclusion. But even the left-leaning New York Times recently featured an opposing view from famous physicist Freeman Dyson. Keith Lockitch, a
We now have a great flyer you can print and post to help promote The Undercurrenton campus. Use the flyer to generate interest on a campus where you distribute or to encourage students to visit our website. The poster even has tear-off tabs with our
Would you like to write for The Undercurrent but aren’t sure how to get started? If so, consider attending our first blog writing meeting on Sunday, April 19th!
For those of you who attended our blog information session in February and are interested in writing for
Drawing the line on study drug morality
The Yale Herald
In your article, "Drawing the line on study drug morality," the idea that “life isn’t fair” is often mentioned with regard to differences of intelligence, money, attention capacity, etc. If the simple fact of disparity is