Category Archives: Economy

America Continues to Thrive

Even in its current malaise, the U.S. still soars above the global competition.

by Victor Davis Hanson // National Review Online

The Failure of the E.U.

by Bruce S. Thornton // Defining Ideas

Image credit: Barbara Kelley

Image credit: Barbara Kelley

The European Union has long excited American progressives, who want the United States to model itself after the European body. As each year passes, it has become difficult to understand this admiration. These days the E.U. acts more and more like a bloated bureaucracy staffed with elites armed with intrusive regulatory power and insulated from citizen accountability. The success of Euroskeptic parties in this spring’s European Parliament elections casts doubt on the whole E.U. project.

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California’s Hydromania

by Victor Davis Hanson // PJ Media

Photo via PJMedia

Photo via PJMedia

Two events now characterize the California agrarian heartland, the richest and most productive farm belt in the world.

One, of course, is the third year of drought. I refer here to nature’s lack of rain and snow. But also factor in the state’s additional man-made drought, through diversions of precious stored reservoir water from agriculture and community use to environmental causes that demand more river water must flow out to the sea.

The state’s environmental fanatics over thirty years ago cancelled the critical tertiary phases of the California Water Project and the federal Central Valley Project. I guess those in the Bay Area whose lives rest on Hetch Hetchy [1] delivered reservoir water deemed reservoirs for all others passé and so 19th century [2].

The result is that a brilliantly engineered water transfer system — 80% of Californians live where 20% of the state’s rain and snow fall — designed to incrementally expand as population grew, became frozen in amber. We had a wonderful water storage system for 23 million people in 1980. But it proved completely inadequate for the 40 million plus of 2014, who assumed household and drinking water, irrigation supplies, and clean hydroelectric power came out of thin air [3]

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Egalitarian Grandees 

If you’re loudly green, you can have a carbon footprint the size of Godzilla’s.

by Victor Davis Hanson // National Review Online

Photo by Chris Jackson via Getty Images

Photo by Chris Jackson via Getty Images

Charting liberal hypocrisy is now old hat. From academia to the Sierra Club, elite progressives expect to live lives that are quite different from what they envision for the less sophisticated. No one believes that Elizabeth Warren would wish affirmative action to work for everyone in the way that she herself subverted it. Nor would we expect Warren not to be in the 1 percent that she so scolds — any more than we would assume that Al Gore would not leave a carbon footprint as large as those of thousands of the less environmentally sensitive put together.

First lady Michelle Obama recently lamented that “many young people are going to schools with kids who look just like them.” And she added: “And too often those schools aren’t equal, especially ones attended by students of color, which too often lag behind.” But that anguish should not mean that the Obamas have put or would put their children in the inner-city public schools the way President and Mrs. Carter did with Amy.

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The Stagnant Mediterranean

Socialism and Islamism don’t foster a climate of economic growth and security.

by Victor Davis Hanson

National Review Online

From the heights of Gibraltar you can see Africa about nine miles away to the south — and gaze eastward on the seemingly endless Mediterranean, which stretches 2,400 miles to Asia.  Read more →

An Irrelevant Middle East

Thanks to oil discoveries elsewhere, the region is losing its geostrategic clout.

by Victor Davis Hanson

National Review Online

Since antiquity, the Middle East has been the trading nexus of three continents — Asia, Europe, and Africa — and the vibrant birthplace of three of the world’s great religions. Read more →

‘Germany May Destroy Europe for the Third Time’–Really?

by Victor Davis Hanson

NRO’s The Corner

In open worries that the EU disaster may spread to the US and thereby endanger the reelection of Barack Obama, campaign consultant Bob Shrum recently wrote: Read more →

Greece Alone and Broke–Again

by Victor Davis Hanson

Tribune Media Services

The recent indecisive Greek elections could be summed up by two general themes: Greeks want to stay in, and expect help from, the Eurozone. But they still do not want to take the necessary medicine to stop borrowing billions of euros from northern Europeans, who want a radical Greek reform of the tax code, deregulation of labor laws, fiscal discipline, massive cuts in bureaucracy, and greater transparency — all unlikely given Greek history and contemporary culture. Read more →

‘Austerity’ versus ‘Growth’

by Victor Davis Hanson

National Review Online

Who would not prefer “growth” to “austerity”? That is the false dichotomy that insolvent Western governments, both here and abroad, are now constructing. After all, everyone prefers growing things to starving them. Yet in truth, there is no such clear-cut choice. Read more →

Don’t Let America Imitate a Burning EU

by Bruce S. Thornton

FrontPage Magazine

Traveling through Europe can obscure the looming crisis threatening the continent. Visiting the medieval villages of Alsace, the castles on the Rhine, or the magnificent cathedrals in Basel or Cologne, it’s easy to forget that Europe is on the brink of disaster. But these days even EUrophiles are sounding apocalyptic. Read more →

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