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In Today’s Capitalism, Regulators Not Relics

Don’t you just hate it when the phone rings during dinner and it’s a ”courtesy call” offering anything from credit cards to mortgage deals? Well, one of those archaic government agencies that it’s so fashionable to hate – the Federal Trade Commission – has a fine, simple solution. Under the FTC’s plan, you just sign […]

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Comment: Fool Me Twice

“Fool me once, shame on you,” says a wise political maxim. “Fool me twice, shame on me.” In his State of the Union address, President Bush will perpetrate a consumer fraud that makes his feint to the center in the 2000 campaign seem like truth-in-advertising. You’ll recall that the kinder, gentler Bush of the […]

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Daschle Too Timid To Take On Bush Tax Cut

Despite Senate leader Tom Daschle’s new feistiness, the Democrats are painting themselves into a dangerous corner on the economy. The Democrats’ story goes like this: Bush’s last big tax cut – a 10-year, $1.35 trillion cut approved last June – was very foolish. It significantly contributed to escalating budget deficits and hurt the economy. The […]

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Comment: Springtime for Democrats?

As this election year begins, one can imagine two equally plausible scenarios. In the first, George W. Bush wraps the whole Republican Party in the flag. He outflanks the Democrats’ latent advantage on virtually every domestic issue; the Republicans dominate the agenda and keep control of Congress. In the second scenario, Bush’s wartime popularity fades; […]

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Globalism and Poverty

Just as Watergate became a metaphor for the Nixon era and Whitewater the right’s symbol for Clinton, Enron is the emblem of the Bush administration’s way of life. Enron is to George W. Bush what Teapot Dome was to Warren G. Harding. Its demise should also signal the collapse of a whole economic paradigm, in […]

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Comment: The Enron Economy

Just as Watergate became a metaphor for the Nixon era and Whitewater the right’s symbol for Clinton, Enron is the emblem of the Bush administration’s way of life. Enron is to George W. Bush what Teapot Dome was to Warren G. Harding. Its demise should also signal the collapse of a whole economic paradigm, in […]

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Comment: The End of Citizenship?

For all of the carnival aspect of the Seattle protests, something very important has been stimulated by the World Trade Organization (WTO) sessions. For the first time, a coherent opposition program has begun to challenge the dominant consensus about global trade. For more than a century, the world’s ordinary citizens and their elected leaders have […]

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