Can Capitalism Be Saved?

The forces that threaten the free market are many. Who dares to stop them? The advocates of the free market appear to be outgunned, though their case can be eloquently made. Every reader would profit by watching the classic FreeMarketAmerica.com video “If I Wanted America to Fail,” which summarizes the inverted policies that hamper the successful operation of our market system. And as our country depends on freedom to prosper, the gradual limitation of economic freedom suggests an even worse danger; that is, the end of political freedom. “Your country is in peril,” said New Zealand author and researcher Trevor Loudon in a recent speech for  America’s Survival. “Small groups of Marxists [now] run your country,” he explained. For the labor unions were taken over by hard-core Marxists in the 1990s, and this affected the trajectory of one of the two major parties which in turn moves the country ever closer to Marxism. Day by day, moment by moment, the checks and balances of the Founding Fathers are breaking down. A highly centralized socialist system is evolving out of the old free market system; and national bankruptcy appears to be an integral part of their plan.

A Shift in the Global Energy Balance

Big changes are already underway in the global energy sector. And some of these changes are contrary to previous expectations. What we now realize, once again, is that capitalism works. Capitalism has always solved our most basic problems. Even now it is solving our energy problem.

Four years ago Russia was the rising powerhouse of global energy production. Marshall I. Goldman’s 2008 book on Russia was titled Petrostate: Putin, Power and the New Russia. As Goldman explained, “Russia … finds itself in a newly assertive, even dominant, international position. Its emergence as a new super energy power overlaps with the weakening of the United States as we have squandered our … resources in Iraq.” But Russia’s energy sector has always been a state-manipulated behemoth with serious problems of its own.