Vox: How Venezuela’s socialist dream collapsed into a nightmare

Venezuela is in the midst of a stunning social, political, and economic collapse. The country of 30 million people is facing dire food and medicine shortages, frequent power outages, serious political unrest, the world’s highest inflation rate, rampant violent crime, and one of the world’s highest murder rates. Earlier this month, Venezuela’s president, Nicolás Maduro, declared a state of emergency. --In short, Venezuela has become the world’s most visibly failing state. --It wasn’t supposed to go like this. Not so long ago, Venezuela’s socialist revolution attracted its share of fellow travelers — first-world idealists hungry for the next earthly utopia.

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Berkeley and the Tea Party – Together?

SUSTAINABLE FREEDOM LAB
Can the American left and right unite in 2014? Can they find a common cause without whipping up a cat 5 hurricane? That may be happening. ✧ Berkeley California is a liberal community with a strong and vocal conservative contingent. But California’s Plan Bay Area may be the flash point that welds the two seemingly disparate groups. ✧ In 2008 the California legislature approved SB375, which mandates the states’ 18 metropolitan regions develop Sustainable Community Strategies and reduce greenhouse gases. ✧ In compliance with SB375, Plan Bay Area combines 9 counties in the San Francisco area to form one of the nation’s most aggressive sustainable communities planning regions. Berkeley is in the Plan Bay Area region. ✧ While Plan Bay Area’s goals of increased sustainability and reduced greenhouse gases sound noble, the plan contains serious drawbacks that are catapulting fury across the local political spectrum. Read more at Sustainable Freedom Lab.org... Read More......

NRO: Congress’s Exemption from Obamacare

By John Fund
Make Congress get insurance the same way the little people do? Hill denizens howl in fury. Prostitution. Bribery. Blackmail. Thuggery. Hypocrisy. ✧ Those were just some of the incendiary words thrown around the U.S. Senate last week, and that doesn’t count what people said in private. ✧ The Senate may still have a reputation as a genteel club, but lawmakers seemed to abandon rules of decorum completely last week in arguments about whether Congress should be treated like the rest of the country when it comes to Obamacare. Read more at National Review Online...

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WSJ: The New American Divide

WALL STREET JOURNAL, 1/21/2012 - The ideal of an 'American way of life' is fading as the working class falls further away from institutions like marriage and religion and the upper class becomes more isolated. Charles Murray on what's cleaving America, and why.

CHARLES MURRAY: America is coming apart. For most of our nation's history, whatever the inequality in wealth between the richest and poorest citizens, we maintained a cultural equality known nowhere else in the world—for whites, anyway. "The more opulent citizens take great care not to stand aloof from the people," wrote Alexis de Tocqueville, the great chronicler of American democracy, in the 1830s. "On the contrary, they constantly keep on easy terms with the lower classes: They listen to them, they speak to them every day."

Americans love to see themselves this way. But there's a problem: It's not true anymore, and it has been progressively less true since the 1960s.

People are starting to notice the great divide. The tea party sees the aloofness in a political elite that thinks it knows best and orders the rest of America to fall in line. The Occupy movement sees it in an economic elite that lives in mansions and flies on private jets. Each is right about an aspect of the problem, but that problem is more pervasive than either political or economic inequality. What we now face is a problem of cultural inequality. Read more at WSJ...

—Mr. Murray is the W.H. Brady Scholar at the American Enterprise Institute. His new book, "Coming Apart: The State of White America, 1960–2010" (Crown Forum) will be published on Jan. 31.

RELATED:
Bradley Lecture by Charles Murray, February 6, 2012: Alternative Futures for a Fractured American Culture (Full video will be posted at this link within 24 hours)
AEI: Society and Culture - About the book | Murray on "Coming Apart" | How thick is your bubble? (20 question quiz) | What They're Saying About "Coming Apart" Read More......

Samuelson: Europe’s economic purgatory

WASHINGTON POST, 12/14/2011 by Robert J. Samuelson (Hat tip: John H. Detweiler)

By now, it’s obvious that adopting the euro was a colossal blunder. It may rank as Europe’s worst policy mistake since World War II. The virtues of the common currency — it reduced transaction costs and the uncertainty of fluctuating exchange rates among national monies — were temporary. Its vices seem permanent or, at least, semi-permanent: the mounting economic costs of saving the euro; the growing nationalism from arguing over who’s to blame. ✧ Do not expect some magical “solution.” Europe has entered an economic and political purgatory from which there is no early escape. On paper, the crisis countries (so far: Greece, Portugal, Ireland, Italy and Spain) might benefit from abandoning the euro and resurrecting national currencies. They could then devalue these currencies, spurring exports and tourism. But in practice, this choice is dangerous and maybe impossible. Read more at the Washington Post...

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