Critics of free markets claim that capitalism causes poverty. After economic restrictions against India's Dalits caste were lifted, many Dalits were able to secure a better life and rise from poverty.
In the months since Angela Merkel’s departure from the German chancellorship after sixteen years in power, the editorials praising her reign have been legion. This is not one of them.
Is China's property bubble signaling a crisis? The current property market turmoil originates in regulatory action to reduce financial leverage and it may not lead to a full-fledged financial meltdown.
Keynesian orthodoxy claims government can successfully counter recession through "expansionary" policies. To the contrary, these policies increase the danger to the economy.
When the Bush administration announced in 2008 that Ukraine and Georgia would be eligible for NATO membership, I knew it was a terrible idea.
By 1996, it was agreed that “Washington refused to rule out any country,” for NATO membership. Except, of course, Russia. Moreover, a NATO that included Poland was unlikely to invite Russia.
Justin Trudeau's heavy-handed measures against the protesting truck drivers are part of a greater war by progressives against capital markets and financial privacy. People will find ways to resist through decentralized finance.
While condemning China's social credit system, American, Canadian, and European progressives are becoming dependent on social credit systems to expand their political and governing power.
It's unlikely that Putin had no idea of the immense costs that he and Russia as a whole would incur in undertaking this war, so he likely believed the alternative would have been even more costly.
By invoking the Emergencies Act, Trudeau has engaged in conduct better suited to authoritarian despots.
