The British Press Has An Insatiable Appetite

When Bond Prices Fall, Interest Rates Soar, With Painful Consequences For All Borrowers.

The Law Of Unintended Consequences Is The Only Real Law Of History.

For 500 Years The West Patented Six Killer Applications That Set It Apart. The First To Download Them Was Japan. Over The Last Century, One Asian Country After Another Has Downloaded These Killer Apps- Competition, Modern Science, The Rule Of Law And Private Property Rights, Modern Medicine, The Consumer Society And The Work Ethic. Those Six Things Are The Secret Sauce Of Western Civilization.

It's All Very Well For Us To Sit Here In The West With Our High Incomes And Cushy Lives, And Say It's Immoral To Violate The Sovereignty Of Another State. But If The Effect Of That Is To Bring People In That Country Economic And Political Freedom, To Raise Their Standard Of Living, To Increase Their Life Expectancy, Then Don't Rule It Out.

The Rise Of The West Is, Quite Simply, The Pre-eminent Historical Phenomenon Of The Second Half Of The Second Millennium After Christ.