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Are We Being Run Over By Global Capitalism?

June 2004

Table of contents

BIRD'S EYE
Don't Be Afraid of Competition
By Karl Zinsmeister
America is a competing nation, not a shielding and sheltering one. Competing even more strongly in the future is what we ought to concentrate on now.

SIDELIGHTS
News Scraps
Tortured by Springsteen. John Kerry, richman. Australian sword fight.

SCAN
Short News and Commentary
Hypocrisy on 9/11. A heavy case of discrimination. Secretly seeking Iraq defeat? School spending explosion.

INDICATORS
Numbers, etc.
Edited by Karl Zinsmeister, Eli Lehrer
Charting the 9/11 recovery. Spam bam. Dead wrong on executions.

"LIVE" WITH TAE
Frederick Smith
He dreamed up one of America's iconic companies: FedEx. He's also a Forrest Gump character who was wounded in Vietnam after spending his college years as a pal of both George W. Bush and John Kerry. A voracious reader and a businessman who roams effortlessly over subjects ranging from history to technology.

TRANSCRIPT
A Message from a Grateful Iraqi
Rend Rahim, the representative of the Iraqi Governing Council to the U.S government, was a founding member of the Iraq Foundation, which promotes democracy and human rights in Iraq. On March 17, 2004, she delivered her message to the American Enterprise Institute in Washington, D.C.

IN REAL LIFE
Model Fathers, Trophy Sons
By Dave George
Travails of a Pinewood Derby dad.

FLASHBACK
The Melodious Veep
By Bill Kauffman
The only U.S. Vice President to have written a tune covered by Van Morrison and the Four Tops knew something of the fickleness of fame.

FORWARD OBSERVER
Whine, the Beloved Country!
By James K. Glassman
Complaints about outsourcing competition are part of a larger whining problem.

POLITICO
Kerry the Un-Electable
By Grover Norquist
Is Kerry really electable?

NOW PLAYING
Not So Great Dane
By Josh Larsen
An anti-American film diatribe so arrogant even left-wing film critics hate it.

BEAT THE PRESS
In Media Disgrace
By Morton Keller
A look at the "Corrections" page of the New York Times reveals a consistent anti-Republican pattern.

BOOK TALK
Reviews of New and Classic Books
By Scott Walter, David Evanier, Susanna Dokupil
Reviews of books by Michael Barone, Thomas Jeffers, and Zell Miller.

DIGEST
Summaries of Important Research
Edited by Eli Lehrer
A tax cut by any other name. Law of the jungle. A case for a bigger army. The prescription drug mess. Northern righs. Russia withers.

OPINION PULSE
The Latest Survey Data
Edited by Karlyn Bowman
A cautious public nod for globalization.

THE MAIL
Reader Feedback

LAST GASP
Cartoon Humor

Feature articles

Three Cheers for Global Capitalism
By Johan Norberg
First and last, global trade is a boon for individuals. It opens up new choices, shares wealth, and encourages creativity and excellence. Here is a delightfully readable review of the evidence.

Do Multinational Corporations Hurt Poor Countries?
By Jagdish Bhagwati
The fierce debate between those who consider globalization a malign influence and those who find it a positive force often centers around the influence of big international corporations in the Third World. The conclusion of economists studying the subject is that multinationals do much more good than harm.

Does International Trade Kill American Jobs?
By Douglas A. Irwin
Outsourcing. Low-wage competition. Even if free trade is good for consumers and the overall economy, it hurts the average American worker, right? Wrong.

Why the Economy Must Remain Job One
By Christopher DeMuth
Botching economic policy is no way to win the war on terror.

Anti-Globalism = Anti-Americanism
By Jean-Francois Revel
The simplistic Marxian article of faith that capitalism is evil, and centered in the United States, is the most basic spur for the various radicals behind today's anti-globalization protest movement.

Minority Report
A capitalist heroine in France demonstrates that there are plenty of bright young people even in Europe who understand that free markets and trade are far better guarantors of individual liberty and prosperity than the economic controls of socialist states. An interview from France by Edward Grossman.

The Free-Trade Movement's Achilles Heel
By Blake Hurst
Humanity's oldest industry, farming, may be the last to be liberated.