Profiles

The socialists recognized the many material benefits offered by capitalism. Their mistake was thinking that total equality could be achieved as well.

The academic scholar, along with the great teacher, is vanishing from the universities and being replaced by one-dimensional specialists.

From unemployment, to immigration, to banking, many of Angela Merkel's policies have planted ticking time bombs in the German economy and in German politics.

It is not true that capital — once created — will lead to future wealth gains forever into the future. Only constant adaptation — via entrepreneurs — can make sure that the production process will provide the flow of consumption goods in the periods to come.

Politicians and bureaucrats often fail to deliver what's promised because the very nature of government makes it impossible for them to succeed.