When it comes to private property, wrote economist Ludwig von Mises, it is a simple “either-or” proposition: “either private ownership of the means of production, or hunger and misery for everyone.” In 1959, Fidel Castro essentially abolished private property in Cuba, and the result has been exactly as Mises predicted: a declining standard of living and shortages of basic necessities such as food, building materials, and housing.
NATO forces and Libyan rebels associated with the National Transitional Council are being investigated for alleged war crimes committed during the Western-backed overthrow of strongman Col. Muammar Gadhafi, the chief prosecutor for the International Criminal Court told the United Nations. A probe of crimes attributed to forces loyal to the late despot is also ongoing.
With the discovery of huge oil fields off the coast of Brazil in the fall of 2007 came estimates of just what impact they would have on Brazil’s already booming economy. Prior to the discovery of “pre-salt” reserves estimated to be the size of Florida and in excess of 120 billion barrels, Brazil’s economy was already considered to be the 7th largest in the world, according to the International Monetary Fund (IMF), the World Bank, and the CIA.
After initially claiming it would not execute a minister for converting from Islam to Christianity, the Iranian government is — in the words of one analyst — engaging in a “variety of tactics in an effort to neutralize a situation that has called into question its flaunted commitment to religious freedom.”
What will the Arab Spring mean to Christians in the Arab world? Persecution of Christians in Muslim countries has been well documented; however, ominous signals are emerging of escalating violence against them — even in schools. Egyptian media reported that as a result of a fight over a classroom seat in a school in Malawi, Egypt, on October 16, a Christian student was killed.
Prime Minister George Papandreou’s surprise call for a referendum on the new austerity measures demanded by last week’s eurozone “deal” caught everyone off guard, including his own finance minister. Analysts immediately accused Papandreou of seeking political cover for the increasingly unpopular increased austerity measures to be imposed as a condition for the next insertion of funds from the International Monetary Fund (IMF) in two weeks. Knowing that citizens would likely vote against the measures if given the chance, the PM could then pass the blame for failure onto the citizens, leaving himself and his party, the Panhellenic Socialist Movement (PASOK), absolved from blame as the new measures failed.
As brutal revenge attacks against loyalist towns and bickering between various armed factions pick up steam in Libya, the al Qaeda flag was photographed flying above the courthouse in the rebellion’s home town of Benghazi. The White House, which unconstitutionally committed American forces in the conflict, said it was not surprised by recent developments.
This week the European Parliament awarded the annual Sakharov Prize for Freedom of Thought to key participants in the Arab Spring.
The five recipients were chosen “in recognition and support of their drive for freedom and human rights.” The five are described in a press release announcing the award as “representatives of the Arab people.”
A top court in Brazil has weighed in on homosexual marriage, ruling that two women can legally tie the knot. According to the Associated Press, Brazil’s Supreme Tribunal of Justice (STJ) is the nation’s highest court to side for same-sex marriage. In May Brazil’s Supreme Court ruled that homosexual civil unions could be recognized, despite the constitution’s restriction that such unions were restricted to a man and a woman. The high court stopped short of ruling in favor of same-sex marriage.
If the decline in the Portuguese money supply for September is annualized, it will shrink by more than 20 percent, presaging more economic difficulties for a country already reeling from austerity measures imposed by the European Union. Measures of money supply are watched carefully by economists as a portent for economic behavior over the coming six to 12 months.