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...

Land of the Setting Sun

By Patrick J. Buchanan Sunday was the first anniversary of the 9.0 earthquake off the east coast of Japan that produced the 45-foot-high tidal wave that hit Fukushima Prefecture. Twenty thousand perished. Hundreds of thousands were driven from their homes when a nuclear plant swept by the tsunami exploded, spewing radiation for miles. Only two of Japan's 54 nuclear plants are now 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...

How Capital Crushed Labor

By Patrick J. Buchanan Once, it was a Labor Day tradition for Democrats to go to Cadillac Square in Detroit to launch their campaigns in that forge and furnace of American democracy, the greatest industrial center on earth. Democrats may still honor the tradition. But Detroit is not what she was, not remotely. And neither is America. Not so long ago, we made all the shoes and clothes we Continue reading...

Globalism vs. Americanism

by Patrick J. Buchanan Down at the Chinese outlet store in Albany known as Wal-Mart, Chinese tires have so successfully undercut U.S.-made tires that the Cooper Tire factory in that south Georgia town had to shut down. Twenty-one hundred Georgians lost their jobs. The tale of Cooper Tire and what it portends is told in last week's Washington Post by Peter Whoriskey. [As Cheaper Chinese Continue reading...

Metrics of National Decline

By Patrick J. Buchanan "Bush Boom Continues" trilled the headline over the Lawrence Kudlow column, as George W. Bush closed out his seventh year in office. "You can call it Goldilocks 2.0," purred Kudlow. Yes, you could. But what a difference 12 months can make. Final returns are now in on the eight years of George Bush. Charles McMillion of MBG Information Services has crunched the Continue reading...

‘Buy American’ — or Bye-Bye America

By Patrick J. Buchanan "British jobs for British workers!" thundered Gordon Brown, as he emerged from the shadow of Tony Blair to become prime minister. His populist sloganeering has now come back to bite him. Across Britain, thousands laid down tools in wildcat strikes in solidarity with a walkout from a French-owned oil refinery in North Killinghome -- to protest a $300 million contract Continue reading...