Aerospace execs sell their industry to Japan—one part at a time.
At a welcoming banquet in Japan in the 1980s, Ford Motor chairman Philip Caldwell received a memorably double-edged compliment. “There is no secret about how we learned to do what we do, Mr. Caldwell,” said the head of Toyota Motor, Eiji Toyoda. “We learned it at the Rouge.” Toyoda was referring to Ford’s fabled River... Read More
A thousand years of meritocracy shaped the Middle Kingdom.
During the three decades following Deng Xiaoping’s 1978 reforms, China achieved the fastest sustained rate of economic growth in human history, with the resulting 40-fold rise in the size of China’s economy leaving it poised to surpass America’s as the largest in the world. A billion ordinary Han Chinese have lifted themselves economically from oxen... Read More
Harvard's academic mission is dwarfed by its $30 billion endowment.
From its 1636 foundation Harvard had always ranked as America’s oldest and most prestigious college, even as it gradually grew in size and academic quality during the first three centuries of its existence. The widespread destruction brought about by the Second World War laid low its traditional European rivals, and not long after celebrating its... Read More
Are elite university admissions based on meritocracy and diversity as claimed?
Just before the Labor Day weekend, a front page New York Times story broke the news of the largest cheating scandal in Harvard University history, in which nearly half the students taking a Government course on the role of Congress had plagiarized or otherwise illegally collaborated on their final exam. Each year, Harvard admits just... Read More
How Los Angeles undercut its pathbreaking IHP project
In late September I attended a memorial service for William M. Fitz-Gibbon, a retired public school teacher who had passed away a few weeks earlier, just short of his 78th birthday. Without doubt Bill Fitz-Gibbon—“Fitz” to everyone—was the individual who had the greatest academic influence on my life, and my feelings were shared by many... Read More
Why won’t anyone talk about Tokyo’s auto protectionism?
Mitt Romney was in his element a few years ago as the Obama administration struggled to rescue the Detroit auto industry. In an eat-your-spinach tone, he ticked off his recommendations for reform. Top management should go, executive dining rooms should be shut, and factory wages slashed. Then there were the industry’s “legacy costs”: given how... Read More
Climate change is a cycle—of faddish opinions
I first encountered the strong case for global warming in the early 1970s in an Isaac Asimov science column. As an elementary school student, I merely nodded my head, assumed that America’s political leadership would address the danger, and moved on to an explanation of quarks. Even in those days, the subject was hardly new.... Read More
Remembering Alexander Cockburn (1941–2012)
I first encountered the writing of Alexander Cockburn in the early 1990s on the op-ed pages of the Wall Street Journal, where he served as a regular columnist. Given that Alex was one of the premier radical-left journalists of our era, this highlights the unique background of the man. Being myself then a rather moderate... Read More
In “Race, IQ, and Wealth,” I examined the pattern of IQ scores for various European peoples as presented by Richard Lynn and Tatu Vanhanen in IQ and the Wealth of Nations and noted the considerable evidence for a large socio-economic influence. In nearly all cases, impoverished, rural populations seemed to exhibit far lower IQ scores... Read More
What the facts tell us about a taboo subject
At the end of April, Charles Kenny, a former World Bank economist specializing in international development, published a blistering attack in Foreign Policy entitled “Dumb and Dumber,” with the accusatory subtitle “Are development experts becoming racists?” Kenny charged that a growing number of development economists were turning towards genetic and other intrinsic human traits as... Read More
Romney owes his only win to English for the Children.
With Mitt Romney now the de facto Republican presidential nominee, I sometimes recall how I inadvertently launched his political career a decade ago, which is less implausible than it might sound. Unlike the vast majority of previous major-party presidential candidates, Romney has a remarkably slender record of election victories, having previously won just a single... Read More
In contrasting China and America, pundits often cite our free and independent media as one of our greatest strengths, together with the tremendous importance which our society places upon individual American lives. For us, a single wrongful death can sometimes provoke weeks of massive media coverage and galvanize the nation into corrective action, while life... Read More
Which superpower is more threatened by its “extractive elites”?
The rise of China surely ranks among the most important world developments of the last 100 years. With America still trapped in its fifth year of economic hardship, and the Chinese economy poised to surpass our own before the end of this decade, China looms very large on the horizon. We are living in the... Read More
The sources of America’s immigration problems—and a possible solution
Will mass immigration destroy the GOP? Can our middle-class society survive high immigration levels? Is there any political solution to our current immigration difficulties? Last June the U.S. Census disclosed that non-white births in America were on the verge of surpassing the white total and might do so as early as the end of this... Read More
How currency manipulation destroyed American manufacturing
TOKYO—In the mid 1990s, I published a book entitled Blindside: Why Japan Is Still on Track to Overtake the U.S. By the Year 2000. The prediction in the subtitle did not, as they say, pan out. But it was more soundly based than casual readers of the U.S. financial press might imagine. The book offered... Read More
Meet the heterodox economists challenging globalism.
“I don’t care who writes a nation’s laws, or crafts its advanced treatises, if I can write its economics textbooks.” So said one of the greatest textbook writers of them all, Paul Samuelson. But even Samuelson didn’t live forever—he died in 2009 aged 94—and now others decide what the rising generation is reading. It is... Read More
The Pentagon sells out American manufacturing for Japanese bases.
TOKYO—When German executives visit Tokyo, they are often treated to a session at Bernd’s Bar, a notably authentic German pub. A bit too authentic, perhaps, given its Axis-era accoutrements. The last time I was there, one of the walls still featured a huge photograph of Willy Messerschmitt in conversation with Charles Lindbergh. It had evidently... Read More
The Betrayal of American Prosperity: Free Market Delusions, America’s Decline, and How We Must Compete in the Post-Dollar Era, Clyde Prestowitz, Free Press, 340 pages How the Economy Was Lost: The War of the Worlds, Paul Craig Roberts, CounterPunch, 264 pages George W. Bush’s under secretary of commerce for international trade, Frank Lavin, was once... Read More
America goes Ottoman shopping.
Here’s an economic history test: 1. Which Great Power pioneered the secular trend towards freer international trade? 2. Which Great Power first resorted to spiraling foreign indebtedness to pay for its wars? 3. Which Great Power first permitted large-scale foreign direct investment in its domestic industries and infrastructure? If you guessed such latter-day globalizers as... Read More
Before there was Beatlemania, there was Reischauermania. Admittedly, the latter was more localized and, of course, it is not much remembered these days. But it was huge at the time, and in the end it may prove to have left a bigger mark on history. The object of adoration, a dapper, middle-aged Harvard East Asian... Read More
The “war hero” candidate buried information about POWs left behind in Vietnam.
Eighteen months ago, TAC publisher Ron Unz discovered an astonishing account of the role the 2008 Republican presidential nominee, John McCain, had played in suppressing information about what happened to American soldiers missing in action in Vietnam. Below, we present in full Sydney Schanberg’s explosive story. John McCain, who has risen to political prominence on... Read More
Hundreds of POWs may have been left to die in Vietnam, abandoned by their government—and our media.
In the closing days of the 2008 presidential campaign, I clicked an ambiguous link on an obscure website and stumbled into a parallel universe. During the previous two years of that long election cycle, the media narrative surrounding Sen. John McCain had been one of unblemished heroism and selfless devotion to his fellow servicemen. Thousands... Read More
Talk TV sensationalists and axe-grinding ideologues have fallen for a myth of immigrant lawlessness.
According to Lou Dobbs, “a third of the prison population in this country is estimated to be illegal aliens,” and Glenn Beck regularly warns of “an illegal alien crime wave.” Congressman Tom Tancredo insists, “The face of illegal immigration on our borders is one of murder, one of drug smuggling, one of vandalism for all... Read More
Getting the American economy back on solid ground will require new financial regulations. Goldman Sachs alums aren’t...
As bewildered Americans survey the wreckage of their nation’s once vaunted financial system, they could do worse than reacquaint themselves with one of Wall Street’s oldest and most revealing parables. The story goes that an out-of-town customer dropped by to talk to his broker and afterwards was ushered around Lower Manhattan’s yacht-filled docks. “Here is... Read More
While other top brass played press agents for the administration’s war, William Odom told the truth about...
Much as the capital loves ceremony, Washington won’t pause on Sept. 8 when Lt. Gen. William Odom is laid to rest at Arlington Cemetery. While he is worthy of his laurels, he did not court the favor of the Beltway political class. Instead, he disdained their blindness to history, their partisan fixations, their herd mentality.... Read More