In 1811 an earthquake of record strength hit North America. The government did not spring into disaster-relief mode, as it would do today. Therein lies a lesson, drawn by Janet Sharp Hermann. Champions of the free market often praise its ability to direct resources to their highest valued uses. Roy Cordato says the claim rests on insidious premises.
Regulation is bad enough.
Karl Marx promised a new man under socialism. He was right in a way he never dreamed. Patricia Linderman, who lived in Cuba for several years, describes the toll that the denial of economic freedom has exacted. The environmental movement as we know it emerged in 1969 from the flames on a river in Ohio. For many, that burning river was a symbol of industrial capitalism and proof that government must protect the natural resources.