As in Greece, the Puerto Rican economy has been destroyed by its participation in an unrealistic monetary system that it does not control and the failure of domestic politicians to confront their own insolvency.
Altruism is to blame for Greece’s woes.
Despite Greece’s almost complete lack of financial integrity, neither NATO nor the EU can afford the political cost of a Greek exit from the EU.
At a time when other Third World countries were setting up government-controlled economies and blaming their poverty on “exploitation” by more advanced industrial nations, Lee Kuan Yew promoted a market economy, welcomed foreign investments, and made Singapore’s children learn English, to maximize the benefits from Singapore’s position as a major port for international commerce.
Once Iran has a nuclear weapon, it’s reasonable to assume that they might use it, on day one, a threat we never necessarily faced with the Soviets. The people of Israel have no choice but to pay attention to this fact.