In what should surprise no one, the global credit crisis is trickling down to Africa. The theory of supply-side economics, popularized though not invented during the American presidency of Ronald Reagan, holds that prosperity at the top ends of the economy has a trickle-down effect that benefits everyone. In effect, supply side economics formalizes the argument that a rising tide lifts all boats. But supply side economics have hardly been proven to be a panacea and its skeptics appear to have been on solid ground that the theory was largely a chimera that allowed the justification of policies benefiting the wealthy. But it seems that there is a sort of reverse supply side economics: When the purveyors of wealth go awry, we all pay the price. In a twist of bitter irony, bad times trickle down more quickly, and in more of a waterfall, than do good times.
A few months ago, I wrote about the early stages of the conflict in Ukraine through the lens of Sun Tzu’s The Art of War. While it appears likely that the war will carry on into the foreseeable future, enough time has passed for us to make an honest assessment of each side’s relative […]
The Ukrainian Army has made dramatic strides in the last few weeks. Ukraine’s tactical commanders have outfoxed their Russian counterparts, and by issuing a feint towards the south the UA has been able to earn substantial gains in the north of their country. The impact of these efforts have been compounded by the steady stream […]
In mid-May the Irish political party, Sinn Féin, won the plurality of seats in the Northern Ireland Assembly. Many American readers might not fully understand the significance of Sinn Féin’s political victory- but rest assured that subjects of the United Kingdom and a wide range of political movements the world over have heard the message […]
The first wave of the Russian offensive in Ukraine has fallen short of Russian autocrat Vladmir Putin’s ambitions. Most analysts deduced that Putin had hoped to achieve a decapitation strike of the Ukrainian government- taking Kiev and replacing Ukrainian President Vladimir Zolinski with a pro-Kremlin voice. Kiev has been threatened repeatedly through the course of […]
On the weekend of March 26th, the notorious MS-13 gang went on a massive killing spree in El Salvador which left more than 70 people dead by Sunday. Even for a country where powerful gangs hold massive sway, this recent tragedy stands out considering that it was the bloodiest day on record since the civil […]
