Sarkozy’s Final Pitch: “We Don’t Want Socialism”
The French president calls his challenger’s economic plan one of “crazy overspending.”
Socialism
Kirchner, Obama Punish Industry for Rising Fuel Costs
The presidents of Argentina and the United States announce measures to penalize the oil industry.
China’s Communist Party on Its Last Legs
If the Chinese ruling party fails to open up and reform, it will lose legitimacy once the economy slows down.
The Maoist Revival That Wasn’t
The purge of a provincial Communist Party chief proves that China’s elite has no desire to relive the past.
India’s Licence Raj Refuses to Die
India cannot afford a Hindu rate of growth in the twenty-first century, but necessary reforms are not forthcoming.
Cameron, Miliband Dispute Meaning of “Moral Capitalism”
Britain’s prime minister and its opposition leader both call for a “better” capitalism.
Labour Party’s Got Deeper Problems Than Miliband
Ed Miliband’s predicament is reflective of the Labour Party’s ideological divide.
There is No Political Solution to Europe’s Debt Crisis
Europe’s sovereign debt crisis isn’t coming to an end until its political class recognizes that a recession is unavoidable.
Obama Right About “Defining Issue” of His Time
The choice is between the president’s welfare state and traditional, small-government Republicanism.
Medicaid, Medicare Chief Gone; Good Riddance
The administration has withdrawn Donald Berwick’s nomination to head America’s public health programs.
“Occupy Wall Street” Aimless But Dangerous
The protests that have swept Manhattan’s Financial District have no clear purpose except to rally against “the system.”
Britain’s Labour Party Living in the Past
Ed Miliband claims to represent “new politics” but his class rhetoric suggests otherwise.
Socialists May Return to Power in Denmark
Denmark’s ruling coalition of conservatives and liberals is likely to be unseated in favor of a left-wing government.
What’s at the Root of London’s Riots
Decades of welfarism have fostered an entitlement mentality.
The Necessary Correction Finally Arrives
Stock markets tumble around the world. Austrians school economists saw it coming several years ago.