The Pope and Godless Capitalism

The Pope and Godless Capitalism

By Patrick J. Buchanan “This is called slave labor,” said Pope Francis. The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400. “Not paying a just wage … focusing exclusively on the balance books, on financial statements, only looking at personal profit. That Continue reading...

Where Have All the Workers Gone?

Where Have All the Workers Gone?

By Patrick J. Buchanan That America created only 88,000 jobs in March, less than half the number anticipated, was jolting news, indicating the recovery that the White House has boasted about may not be at hand. But in that March jobs report, there was more disturbing news. While unemployment fell to 7.6 percent, the reason it fell is alarming. Half a million U.S. workers (495,000) Continue reading...

The Chickens of Globalization Come Home to Roost

By Patrick J. Buchanan Mitt Romney is today the beneficiary of some desperate counsel from alarmed Republicans on how to escape the snare in which he has found himself. Democrats are charging that Mitt was still chairman and CEO of Bain Capital between 1999 and 2002, when the company was advising some of America's premier outsourcers. The facts are in dispute. But the evidence seems on Continue reading...

Casino Capitalists Playing With Fire

By Patrick J. Buchanan Comes now news from across the pond that executives at one of the world's most respected banks, Barclays, rigged Libor. Even the venerable Bank of England is apparently being investigated. For sports fans, this is like fixing the Super Bowl or doping a horse in the Derby. But it is rather more serious. For the London Interbank Offered Rate is the benchmark interest Continue reading...

Now Korea Is Cleaning Our Clock

By Patrick J. Buchanan "The entry into force of the U.S.-Korea trade agreement on March 15, 2012, means countless new opportunities for U.S. exporters to sell more made-in-America goods, services and agricultural products to Korean customers -- and to support more good jobs here at home." Thus did the Office of the U.S. Trade Representative rhapsodize about the potential of our new trade Continue reading...

The Equality Racket

By Patrick J. Buchanan Our mainstream media have discovered a new issue: inequality in America. The gap between the wealthiest 1 percent and the rest of the nation is wide and growing wider. This, we are told, is intolerable. This is a deformation of American democracy that must be corrected through remedial government action. What action? The rich must pay their fair share. Though the Continue reading...

Whose Country Is It, Anyway?

By Patrick J. Buchanan For the third straight year, the median income of the typical American family fell in 2010. Adjusted for inflation, it is back where it was in 1996, the longest period of zero growth since the Depression. And the poverty rate has inched up to 15.1 percent. Both figures, however, should be put in perspective. For example, a family can be classified as poor and own Continue reading...