No joke,Venezuela can’t afford to export oil

The “I told you so” meme is becoming really tiring. Beyond the obvious environmental risks, it’s doubly bad news for Venezuela, a country in dire economic straits and full-fledged crisis, with a political impasse, looting, dangerous food and health supply shortages, and massive protests. Venezuela is massively reliant on oil exports to bankroll government services. But the…

Withdrawing from TPP will Make America Poor Again

Nice article on the economic consequences of protectionism, concerning Trump’s recent executive order against TPP.  Another analysis of trade restrictions can be found here from the Foundation for Economic Education.  And no, free trade (NAFTA, TPP or otherwise) isn’t destroying the manufacturing sector, as has been pointed out time and time again. Particularly hard hit will be low income…

From Sensitivity to Theocracy

Cultural Criticism: The Moral Imperative Self-criticism is the one unforgeable signature of our humanity.  Without this essential quality, there would be no marked difference between us and our mammalian cousins.  The English philosopher John Locke underscored this observation best when he quipped that “beasts abstract not”. But more importantly is the fact that coupled with…