The Dutch government will fall unless the crisis is solved. So will the Italian government. So will the entire EU, according to Alan Greenspan. "At the outset of the creation of the euro in 1999," Greenspan said, "it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn't. Instead, northern Europe fell into subsidizing southern Europe's excess consumption, that is, its current account deficits." In short, said Greenspan, the countries comprising the EU are incompatible. "The effect of the divergent cultures in the eurozone has been grossly underestimated."
Lennon's one-world concept was a communist one. "Imagine no possessions / I wonder if you can / No need for greed or hunger / A brotherhood of man / Imagine all the people / Sharing all the world." Lennon got his wish in soft form in the creation of the European Union. The result: class warfare in the extreme -- a racial powder keg ready to blow -- and full-scale bankruptcy. Now the EU will revert to what it has always been: a loose agglomeration of nations, often in conflict with one another. That's the way the world works. That's the way the world will always work. And that is not a bad thing. Better that some nations stand for individualism, freedom and entrepreneurialism than that we all stand for redistributionism and the spineless multiculturalism that results in destruction of standards.
President Obama has killed bin Laden, "Qaddafi's ka-dead and the Arab Spring's been sprung," US troops are finally leaving Iraq and the American people are "aroused and assembled," Weber writes. Despite all this, "the corporate media is taking the same sought-for outcomes which have wildly eluded the Right and reconstituting them into their kooky contrivances, constructing their alternate realities at odds with what is actually happening in the streets and in the people's houses that line them."
Mitt Romney is the real thing. He was, by any measure, an astonishingly successful businessman, one who spent his career explaining how business might operate better, and who leveraged his own mind into a personal fortune worth as much as $250m. But much more significantly, Romney was also a business revolutionary. Our economy went through a remarkable shift during the eighties as Wall Street reclaimed control of American business and sought to remake it in its own image. Romney developed one of the tools that made this possible, pioneering the use of takeovers to change the way a business functioned, remaking it in the name of efficiency. Whatever you think of his politics, you have to give him credit,” says Steven Kaplan, a professor of finance and entrepreneurship at the University of Chicago. “He came up with a model that was very successful and very innovative and that now everybody uses.”
