Over the years, I've made a lot of predictions that have come true. Remember this one: two years from now, even those who supported Barack Obama most… - L. Neil Smith

Corporations are properly associated with mercantilism, rather than capitalism. Mercantilism is a system under which government grants special status to one or more company at the expense of its competitors. The British East India Company, for example, possessed an exclusive, royally-granted 'right' to conduct trade between India and China, on the one hand, and the British Empire for more than 250 years. Private capitalism, by contrast, is a system under which various enterprises compete in the marketplace by offering the highest quality goods and services they can, at the lowest possible prices. Progress occurs as individuals and companies strive to raise quality and lower prices.

Just about everybody in politics has something to hide. The higher they rise in the system, the more skeletons they have stuffed in their closets. And as we have all come to appreciate, this goes double — or perhaps even squared — for politicos who got their start in Chicago. And because the system no longer cares about our rights (to the extent it ever did) we can no longer focus solely on issues related to them, but must cast about more widely to ensnare and defeat the enemies of liberty.

If there were a generic one-word expression for 'one whose fear of the uncertainties of success moves him to surrender at the very moment of victory', it would be 'Republican'.