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.
WORLD
A Historic Catastrophe: Obama vs Israel
Americans today who say that the only alternative to the Obama administration’s pretense of controlling Iran’s continued movement toward nuclear bombs is war ignore the fact that Israel bombed Saddam Hussein’s nuclear facilities, and Iraq did not declare war. To do so would have risked annihilation.
The Causes of the Greek Economic Tragedy—and the Capitalist Cure
New headlines and news stories about Greece’s looming economic collapse appear daily. This weekend, the National Post has a series of articles on the theme “Greece on the brink.” Some point the finger at the country’s political leadership: “The negotiation game:...
The Causes of the Greek Economic Crisis–and The Cure
Altruism is to blame for Greece’s woes.
Geopolitics Trumps Economics in Greece
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.
Who Lost Iraq?
What lessons might we learn from the whole experience of the Iraq war?
Europe’s Antitrust Assault on Google
Since people can search through other sources besides Google, it is not at all clear why Google cannot run its own operation for its own benefit, while others run their operations for their own benefit.
Rule of Law Trumps Majority Rule in Singapore: The Legacy of Lee Kuan Yew (1923-2015)
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.
Netanyahu’s Victory: Good For Israel, Bad for Obama and Nuclear Iran
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.
Why Netanyahu and Israel Make So Many Uncomfortable
The real war in the Middle East is not military; it’s ideological.
Greek Problems Born from Socialism
The real issue is whether Greece’s decades-long experiment with failed debt-financed socialism will be allowed to survive much longer.
Greece Dependency Has Created Dangerous Illusions
Once again the crisis in Greece is threatening the unity of the entire euro zone.
The Bravado of Borrowers
No Greek recovery will be possible until the newly elected Marxists become unapologetic capitalists.
Cameron Uses EU Fine to Bolster Support
As recession threatens throughout the Continent, the calls for governments to unleash more socialist-style spending have increased.
Africa: A Tragic Continent
Poverty is not a cause but a result of Africa’s problems.
Turkey’s Position on ISIL Misunderstood
It is tempting for Western observers to view Turkey’s reluctance to join the fight as a mark of disloyalty to NATO and as a sign that the alliance is mostly about convenience. This view may be too simplistic.
A Bitter After-Taste in Iraq
You cannot create instant freedom like you are making instant coffee.
The Ambassador and the Post Office: A Lesson on Freedom from India
You can always keep anything old, clunky and inefficient still in business, if you are willing to pour unlimited amounts of the taxpayers’ money down a bottomless pit.
Russia’s Putin Plays for Keeps in Crimea
Putin may see six major geo-political weaknesses in the U.S. position.
Crying for Argentina
If the Argentinians can reduce the size of their government and turn it from ruining the economy to protecting individual rights, there will be much to cheer for in Argentina.
Another Galling Betrayal in Afghanistan and Iraq
We insisted on trying to create a “democracy” in the Middle East — a place with a history going back thousands of years, without a single democracy.
Nelson Mandela’s Mixed Legacy: The Anti-Apartheid Leader Who Opposed Actual Freedom
To be a true hero and leader, Mandela would have inspired South Africa–and the rest of the world–to rise to the standard of individual rights.
Reality Versus Mirages in Egypt
Barack Obama’s Middle East interventions have replaced stable and neutral despots in Egypt and Libya with anti-Western despots and chaos.
Reality Versus Mirages in Egypt
Barack Obama’s Middle East interventions have replaced stable and neutral despots in Egypt and Libya with anti-Western despots and chaos.
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