I never thought I would live to see it, but The New York Times has run an article that puts capitalism in an extremely favorable light. The article is titled "Scaling Caste Walls With Capitalism's Ladders."It appeared on the front page of this last Thursday's (December 22, 2011) National Edition. It was written by Lydia Polgreen. (The Times' has retitled the article on the internet. There, when one does a search under the author's name, it appears as "India's Boom Creates Openings for Untouchables." A tribute to capitalism was evidently news that at least some at the Times thought simply didn't comply with its slogan "All the news that's fit to print," and so they tried to bury it.)
In any case, the article features the story of a now very wealthy and highly productive Indian businessman who was born in extreme poverty, as a member of the caste of the "Untouchables." It stresses the role of capitalism in making possible his success.
I can only hope that the author will be able to keep her job after this article.
A Romanian Translation
Mr. Alexander Orsov has translated the home page of http://www.capitalism.net/ into the Romanian language. Thank you, Mr. Orsov.
This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.