By now, almost everybody realizes that President Obama’s “stimulus” billions to so-called “green energy” projects were a textbook example of why crony capitalism and central planning don’t work. Over a dozen taxpayer-backed companies have already failed. Think Solyndra. And incredibly, according to several studies, the worst may be yet to come. After spending – or … Read more
Marxism is a failure, freedom is important, and the U.S. government’s trade-embargo hurts the Cuban people, Pope Benedict XVI boldly proclaimed during a two-day visit to communist-controlled Cuba late last month. Indeed. Despite some speculation that he may sidestep the issue of liberty before his arrival in the island nation, the Holy Father offered blunt … Read more
The Roman Catholic Church in China has been persecuted by the Chinese communists for some six decades — essentially since the nation fell to communism in 1949. As faithful Marxists, Beijing’s despots perceived any allegiance to God or the Church as a threat to their domination, and they acted accordingly. So much of the Church was forced to go underground.
With Europe and the regional Euro currency teetering on the edge of a cataclysmic crisis, politicians and central bankers are scrambling desperately to save their cherished dream of the European Union. All the supposed rules have already been broken as the continent’s rulers prepare ever-greater bailout packages for bankrupt governments and big banks. EU leaders … Read more
Europe is a mess. The ongoing economic crisis has sparked violent riots and growing turmoil, particularly in harder-hit nations like Greece, where demonstrators have taken to throwing home-made bombs at police. And the worst may be yet to come. Analysts now say there is a real chance that the Greek government will default on its … Read more
The economic crisis that hit the developed world a few years ago was devastating. Millions lost their jobs, their homes, and their retirements. But the next catastrophe — which could be coming soon — will make the recent recession feel like a boom time. Imagine gasoline prices really skyrocketing and the cost of food and … Read more
The Kingdom of Sweden has been revered by supporters of big government around the world for decades, cited by statist college professors and policy makers everywhere. It started with the myth that its “socialist” system could simultaneously provide freedom, prosperity, and generous welfare benefits to all. But now, the illusion is beginning to crumble. The … Read more