When a currency depreciates, it can lead to a self-reinforcing outflow of capital—especially when the depreciation is unprecedented. The euro has never been this weak against the dollar.
Patriotism and the attachment to national products are not the only reason American giants have failed in Italy. The local offer persists, because it is genuinely superior in every way to the foreign offer, and marketing snobbery is not enough to overcome this obstacle.
Conservatives have tended to mistake politicians touting ‘individualism’ and ‘economic liberalism’ for champions against ‘wokism.’ Madrid’s Díaz Ayuso is a clear example.
We should be fueled by a smart and hopeful attitude. It is no coincidence that hope is one of the three theological virtues in Christian tradition. It teaches us that however difficult our circumstances are, we must never fall into despair.
At the EU level, environmental policies are mostly being continued as if there were no Russian invasion of Ukraine or large-scale energy crisis.
While it is correct that a recession is defined by two consecutive quarters of declining GDP, it is not correct that the American GDP declined two quarters in a row. Unfortunately, all the economists and analysts who made the recession call were wrong.
Universalism is forced to coexist with diversity and inclusion; one has to agree that patriarchy, aristocracy and capitalism were evil unless they are not white. But deeper divides force progressives to either keep their eyes shut or risk becoming the oppressors.
Out of caution not to be seen as inflicting “racist stereotypes” upon consumers or purveying material rife with “cultural appropriation,” German publisher Ravensburger anticipates canceling Winnetou as part of its future offerings.
24 February 2022 will be a dark date written in the annals of world history.
In June, we published the Statement of Principles. We hoped it would elicit discussion and debate. This letter is what we hope is the first in a series of commentaries on the topic. The signatories say, “In its list of ideals — ‘patriotism and courage, honor and loyalty, religion and wisdom, congregation and family, man and woman, the sabbath and the sacred, and reason and justice’—no mention was made of friendship, compassion, or love.”
If the U.S., or the UK, purport to keep wielding the holy swords of justice, they should do so with reasonable foresight in order that their actions do not end up making messy local realities even messier.
We are addicted to snarky commentary and the daily-churning of vacuous novelty. We won’t really be champions of anything like ‘tradition’ so long as we remain mired in these postmodern poisons.
