The gambler, John Laws, must be laughing uproariously in his grave to see his acolytes, the Keynesians, in the guise of the Squid, taking over the poker tables firmly convinced that this time things will be different. Laws fiasco led to the French Revolution, what will the Squid fiasco lead to?
H/T to Instapundit
The United Nations is being flouted and ignored more often than usual these days -- and the consequences are, as usual, nil.
In Syria, arriving UN ceasefire monitors are greeted with artillery barrages. Iran continues to ignore resolutions on opening its nuclear facilities to inspectors. And North Korea merrily flouts UN resolutions as it fires rockets and tests nukes pretty much at will.
The reality is that the UN today is less prestigious and influential than it was in the 1940s and 1950s. There used to be a time when General Assembly votes actually meant something. Newspapers used to report its resolutions on the front page. And the Security Council, on those rare occasions during the Cold War when it could actually agree on something, was seen as laying down the basic principles along which an issue would be resolved.
The increasing feebleness of the UN reflects several developments. The first is experience; as more and more actors figure out how toothless it is and how little its resolutions actually matter, more and more governments simply ignore it. And as that happens, it looks even more toothless, and even more governments conclude that they don't have to worry much about it. WRM only scratches the surface of it's incompetence, corruption and evil. UN delenda est.