Most Egyptians have lived their whole lives in a country where the government heavily subsidizes bread prices. But now the deeply indebted Egyptian state faces some tough choices, and Egypt's poor may suffer the most.
If every new virus or variation warrants shutdowns or new vaccines, we will face an unending dystopian hellscape of state intervention in our medical decisions.
Western intellectuals are trying to tear down symbols of traditional colonialism. Yet the West still continues a form a colonialism in Africa: eco-imperialism.
The experts claimed that if any state ended its stay-at-home orders “prematurely,” its economy would become even more devastated than if it remained locked down. The experts were wrong.
A capitalist never chooses that investment in which, according to his understanding of the future, the danger of losing his input is smallest. He chooses that investment in which he expects to make the highest possible profits.
It seems absurd to have to point out that economic cannibalism, even in the face of a virus, cannot produce anything but devastation, but alas, we live in absurd times.
The fragmentation of power into many small local units is likely to make oppression of minorities more difficult. On the other hand, consolidation of power into a single popularly-elected Congress posed a grave threat to the rights of ordinary Americans.
The EU has long claimed vaccine procurement is a top priority. But even by Brussels's own standards, Brussels's central-planning schemes have failed to deliver yet again.
