Originally posted March 20, 2023. Doing Well by Doing Good? There have been encouraging signs of a pushback at ESG. In NRO Andrew Stuttaford explains how early signs of resistance have produced something of a panic among ESG defenders, from Mike Bloomberg to Al Gore to the Financial Times. And naturally, the New York Times too is doing its bit. Indeed, […]
A Champion of the Hoover Institute
RIP to an impeccable guardian of the values that the free world holds dear. Anyone who is familiar with RCY.com knows, we are big fans of Victor Davis Hanson, a senior fellow at the Hoover Institute. Recently America lost a founding Hoover great, someone who was a champion of “democratic capitalism, limited government, robust national […]
Washington Is the Systemic Risk
Originally posted March 14, 2023. Confidence in the Banking System? “There will be no more tax-funded bailouts. Period.” It seems like long ago. On 21 July 2010 then-President Obama uttered those failed words. Cheered on by Joe Biden, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, before crowing: The new law […]
Freefalling at Stanford
Originally posted March 24, 2023. Quis Custodiet Ipsos Custodes? “Who watches the watchers”? Just in case your Latin is as rusty as mine, the literal translation is, “who will guard the guards themselves?” The phrase has a universal, timeless application referring generally to problems with people with power:: such as tyrannical governments, uncontrollably oppressive dictatorships, and police or judicial corruption and overreach, […]
Mickey Mouse Runs Amok
Surprise! Well not really. As Kimberley Strassel writes in the WSJ, Donald Trump’s “reflexive defense” of Disney, is providing the “GOP an overdue opportunity to rethink its relationship with increasingly woke corporate America.” No surprise that Orange Man dumped on DeSantis. The shock is that the former president’s disdain of his rival has landed him crosswise […]
The Plague of Bad Reporting
Stirring Up Animus toward Justice Thomas for a Tragic Ending Explosive stuff? No, we aren’t talking about the “rapid unscheduled disassembly” of SpaceX on Thursday. Instead, it’s something much more subversive. We’re talking about “comically incompetent journalism” by the WaPo and ProPublica. In what was promised to be a big scoop, ProPublica turned out a […]
Government Backed Media
Back a bit, public broadcasters seemed to take pride in the fact that they weren’t working for capitalist enterprises. Those were the days of lengthy, in-depth interviews where both sides of an argument were presented. Today, broadcasters seem almost ashamed to admit they work in government-backed media. Taxpayer Supported Media Last week in the WSJ, […]
What Happened to Critical Thinking?
While returning to his home in Greenwich Village on the metro, Francis Menton noticed that culturally we seem to have hit “100% peak smartphone saturation.” Mr. Menton, aka The Manhattan Contrarian, caught metro riders viewing their smartphones. He snapped photos, first to his left and then to his right. Every rider was absorbed in a […]
Hydrogen, Dependent on a New Economy
More Government Central Planning and Handouts Francis Menton has a great deal of admiration for Elon Musk, Tesla’s CEO. “He is a bona fide creative genius,” applauds Mr. Menton. The Gaming of Government Subsidies That said, aka The Manhattan Contrarian also advises readers not to lose track of this: Elon Musk’s main pre-Twitter businesses –electric […]
What to Do with Your Money
Peak Absurdity Andy Kessler recently read about a climate author “investigating how shade can be a powerful civic resource to protect us from climate change.” Shade! This from the announcement of a new “climate cohort” at a well-regarded philanthropy. It reveals a flaw in capitalism. There are only four things you can do with your […]
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