Advancing a Free Society

2012: Out with a whimper, not with a bang

Thursday, January 5, 2012

It proved as hard to break up the bankrupt European Union as it was to create it. For all the hundreds of stories predicting the imminent end of the union, insolvent Greece, Italy, Portugal and Spain still hung in. Apparently if these debtors keep promising to end their spendthrift ways, quit calling the historically sensitive Germans bad names, and welch only on serial billion-euro loans -- rather than default all at once on massive trillion-euro obligations -- the Germans will keep doling out enough money for the EU to whimper on a bit longer.

Meanwhile, the world's failed states, such as Iran, North Korea and Pakistan, just keep on failing. Getting the bomb and acting crazy are about all these pariah nations can do. Otherwise, who would care that the adolescent-lookingKim Jong Un just took over North Korea? How else can we explain giving away billions each year to anti-American Pakistan? Without monotonous threats of acquiring nuclear weapons and closing the Strait of Hormuz, would anyone pay attention to the nutty theocracy in Iran?

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