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Feb. 8, 2013

Rabbi Berel Wein: Lofty ideals must be followed with grounded applications

Clifford D. May: Letter from the West Bank
Steve Rothaus: Judge OKs plan for gay man, lesbian couple to be on girl's birth certificate
Gloria Goodale: States consider drone bans: Overreaction or crucial for privacy rights?
Environmental Nutrition Editors: Don't buy the aloe vera juice hype
Michael Craig Miller, M.D.: Harvard Experts: Regular exercise pumps up memory, too
Erik Lacitis: Vanity plates: Some take too much license
The Kosher Gourmet by Susie Middleton: Broccoflower, Carrot and Leek Ragout with Thyme, Orange and Tapenade is a delightful and satisfying melange of veggies, herbs and aromatics
Feb. 6, 2013

Nara Schoenberg: The other in-law problem

Frank J. Gaffney Jr. : A see-no-jihadist for the CIA
Kristen Chick: Ahmadinejad visits Cairo: How sect tempers Islamist ties between Egypt, Iran
Roger Simon: Ed Koch's lucky corner
Heron Marquez Estrada: Robot-building sports on a roll
Patrick G. Dean, M.D.: Mayo Clinic Medical Edge: How to restore body's ability to secrete insulin
Sharon Palmer, R.D.: 3 prostate-protecting diet tips
The Kosher Gourmet by Emma Christensen 7 principles for to help you make the best soup ever in a slow cooker
Feb. 4, 2013

Jonathan Tobin: Can Jewish Groups Speak Out on Hagel?

David Wren: Findings of government study, released 3 days before Newtown shooting, at odds with gun-control crusaders
Kristen Chick: Tahrir becomes terrifying, tainted
Curtis Tate and Greg Gordon: US keeps building new highways while letting old ones crumble
David G. Savage: Supreme Court to hear case on arrests, DNA
Harvard Health Letters: Neck and shoulder pain? Know what it means and what to do
Andrea N. Giancoli, M.P.H., R.D.: Eat your way to preventing age-related muscle loss
The Kosher Gourmet by Diane Rossen Worthington Baked Pears in Red Wine and Port Wine Glaze: A festive winter dessert
Feb. 1, 2013

Rabbi Dr. Tzvi Hersh Weinreb: Redemption

Clifford D. May Home, bloody, home
Christa Case Bryant andNicholas Blanford Why despite Syria's allies warning of retaliation for Israeli airstrikes, the threats are likely hollow
Rick Armon, Ed Meyer and Phil Trexler Ex-police captain cleared by DNA test is freed after nearly 15 years
Harvard Health Letters: Could it by your thyroid?
Sharon Palmer, R.D.: When 'healthy food' isn't
Sue Zeidler: Coke ad racist? Arab-American groups want to yank Super Bowl ad (INCLUDES VIDEO)
The Kosher Gourmet by Nealey Dozier The secret of this soup is the garnish
January 30, 2013

Allan Chernoff: Celebrating 'Back from the Dead Day'

America isn't a religious country? Don't tell Superbowl fans!
Mark Clayton Cybercrime takedown!
Germany remembers Hitler rise to power
Israel salutes U. N. --- with the one finger salute
Sharon Palmer, R.D.: Get cookin' with heart-healthy fats
Ballot riles Guinness World Records
The Kosher Gourmet by Elizabeth Passarella Potato, Squash and Goat Cheese Gratin
January 28, 2013

Nancy Youssef: And Democracy for all? Two years on, Egypt remains in state of chaos

Fred Weir: Putin: West is fomenting jihadi 'blowback'
Meredith Cohn: Implantable pain disk may help those with cancer
Michael Craig Miller, M.D. : Ask the Harvard Experts: Are there drugs to help control binge eating?
David Ovalle Use of controversial 'brain mapping' technology stymied
Jane Stancill: Professor's logic class has 180,000 friends
David Clark Scott Lego Racism?
The Kosher Gourmet by Mario Batali The celebrated chef introduces us to PANZEROTTI PUGLIESI, cheese-stuffed pastry from Italy's south


Jewish World Review April 9, 2010 25 Nissan 5770

Toward a New Capitalism

By Suzanne Fields


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http://www.JewishWorldReview.com | Among the angels who rebelled against G0d and followed Lucifer in Milton's "Paradise Lost," Mammon is the most intriguing. He was the "least erect" of the angels because he was forever lowering his eyes to the golden pavements of heaven. He turned away from the creator of those riches to fall in love with the luster of gold, missing the essential value of G0d's work. Gold became the idol to worship.


Readers of Milton's epic invariably ask how an angel could have greedy thoughts in heaven. But the angels, like Adam and Eve (and the rest of us), were granted free will to make moral choices, thus "free to fall." Since that fall the devil is in the details, and tension persists across the polarities. At one end, there's an appeal to a moral good for the self and community, at the other end self-interest and Mammon.


Politics lacks the elegance of the poetry of Milton (although there was no poet more political than he), but political debates through history have focused on the tension between the moral good and the temptations of the glittery. We've fought fierce intellectual battles over how to balance this tension with the mechanisms of socialism vs. capitalism. Capitalism has the edge now, but a fragile one. Winston Churchill famously observed that "the inherent vice of capitalism is the uneven division of blessings, while the inherent virtue of socialism is the equal division of misery." The misery-mongers haven't given up.


But the old capitalism, as we knew it, is giving way to a new capitalism, whether we like it or not. "The day has passed when the engine of capitalism, the financial market, will be allowed to operate more or less unimpeded by government," the provocative economist Irwin Stelzer told a lecture audience the other night at the American Enterprise Institute, a Washington think tank. He cautioned that his remarks were a "thought experiment," not a blueprint for analysis of the present economic predicament. He threw out several challenges of the status quo:


"If market capitalism is to survive the assaults of statists and populists, the former far more dangerous than the latter, we need what might be called a neo-orthodoxy — the development of new adaptations of the basic truth taught by great economists from Adam Smith to John Maynard Keynes. From these adaptations might emerge a new capitalism, the latest form of this most resilient of economic systems."


He warns against raising a full-scale intellectual defense of the old capitalism, suggesting a kind of capitulation that will invite future rewards. He cites one conservative hero and one conservative heroine to make his point. Both Ronald Reagan and Margaret Thatcher accepted aspects of a socialistic past they didn't construct and didn't like because they recognized futile fights in dismantling the past and fertile soil in which to plant their own new ideas.

Letter from JWR publisher


Ronald Reagan, for example, accepted advice from Irving Kristol, who told him that conservatives should accept much of the New Deal even though it ran counter to their philosophy because it was now part of the economic architecture of America, "complete and irreversible." Reagan went on to change attitudes and spread a revolution of the values of individual obligation and responsibility.


Swallowing hard, Margaret Thatcher left socialized medicine in Britain intact, but successfully privatized many of the enterprises Labor governments had stifled under state control. Tony Blair, who succeeded her, made the changes permanent, putting limits on the uncontrolled trade unionism that crippled British initiative and innovation.


"Capitalism without failure is like religion without sin," observes economist Allan Meltzer. The new capitalism, attempting to alleviate the pains caused by the old capitalism, has, for example, created policies to enable certain homebuyers, delinquent on their mortgages, to stay in their homes anyway. This absolves them of their "sin," only to allow them to sin again. But what politician will be so foolish as to evict them?


The challenge for conservatives is to find a way to balance tolerable levels of pain and risk. Market capitalism, Stelzer observes, must temper its "creative destruction" to be "less destructive, even if it means being less creative." One of the most difficult challenges for liberal and conservative alike is to figure out how to weigh the benefits of globalization for consumers against the costs to earners of high wages.


The underlying argument is for conservatives to pick their games carefully, and like good poker players play the hand they're dealt, not the hand they wish they had. Capitalism can remain resilient. Paradise lost can become paradise regained.

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