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Why War with Iraq? Follow the Money

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Financial Times columnist Martin Wolf recently argued that America’s coming war with Iraq would provide a “public good” for the world. The world economy runs on oil. Any disruption in oil supplies or unstable swings in oil prices threaten the economic well-being of every oil user around the globe. Regimes such as the one currently in Iraq represent the potential source of such disruption and instability. If America wins a short war and brings the Iraqi oil fields fully back into operation, it will serve as a forceful counterweight to the political and economic troublemakers in OPEC. Thus, the argument goes, America is doing good for the world by doing well for itself and pursuing regime change in Iraq. There is an old adage in political and economic analysis. ...

The Fall of Libertarianism or the Failure of Interventionism? A Reply to Francis Fukuyama

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FRANCIS FUKUYAMA gained international recognition in 1989 when he published an article in The National Interest entitled “The End of Man.” He offered a “Hegelian” conception of the evolution and direction of human history. In short, he argued that human society was following a dialectical trajectory of development that would end with the triumph of liberal democracy around the globe. The imminent collapse of communism in Eastern Europe and the Soviet Union and the yearning for “democracy” and “liberal” society in those parts of the world seemed to suggest that Western European and North American-style liberal democratic society would now triumph all over the world. Even in Third World countries, the appeal of liberal democracy seemed to be on the increase. Unfortunately for Fukuyama, however, there are no “laws” of human evolution and development ...

Introduction to The Failure of America’s Foreign Wars

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(Excerpted from The Failure of America’s Foreign Wars, published by The Future of Freedom Foundation in 1996) America, too, had its global calling, according to the social engineers. America should not merely be a “beacon of freedom” that would be, through its allegiance to its traditional principles of individual liberty and a free, self-governing society, an example and a model for multitudes of others in other lands living in tyranny and yearning to breathe free. No, this older, nineteenth-century conception of America’s contribution to the betterment of the world was discarded in the twentieth century. According to Woodrow Wilson, it was to make the world safe for democracy; according to Franklin Roosevelt, it was to give the world a New Deal; according to every president since World War II, it was to supply “leadership” and to be a global policeman in ...