“I do not say that democracy has been more pernicious on the whole, and in the long run, than monarchy or aristocracy. Democracy has never been and never can be so durable as aristocracy or monarchy; but while it lasts, it is more bloody than either. … Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. It is not true, in fact, and nowhere appears in history. Those passions are the same in all men, under all forms of simple government, and when unchecked, produce the same effects of fraud, violence, and cruelty. When clear prospects are opened before vanity, pride, avarice, or ambition, for their easy gratification, it is hard for the most considerate philosophers and the most conscientious moralists to resist the temptation.” John Adams

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by Tyler Durden

It is somewhat surprising (but also not surprising given energy scarcity fears) that after two-and-a-half years of war, hundreds of thousands of lives tragically lost, and brutal grinding warfare which has also killed many civilians on both sides... that the oldest and biggest economic link between Russia and Europe is still in place: the transit of Russian gas through Ukrainian territory.

Authored by Andrew Korybko via Substack,

The Taliban remain international outcasts due to their refusal to implement a truly ethno-politically inclusive government per their prior promises as well as their treatment of women.

by Tyler Durden 

 

The Wall Street Journal, citing people familiar with the matter, has revealed more details about President Biden's big announcement regarding China tariffs scheduled for next Tuesday. 

Authored by Mark Glennon via Wirepoints.org,

At $1.5 million per job, this new incentive package from the state is at least 15 times the norm. For this much money, the state could have just handed out a million bucks to 827 people, instead of creating 550 jobs.

By Mish Shedlock of MishTalk

The lie of the day is from the EPA: Carbon capture will pay for itself (thanks to IRA subsidies). No, it won’t even with subsidies. Expect blackouts and a higher price for electricity.