Turns Out the Elites Like the Administrative State Better than Democracy

Why The Fertilizer Crisis May Spark Record Inflows Into Agri ETFs Goldman Now Anticipates Record Inflows For AGRI ETFs Second- and third-order effects from a three-week - and potentially longer - disruption at the Strait of Hormuz are extending well beyond energy markets. Even as some vessel transits resume through the narrow waterway, the shipping backlog continues to build across the Gulf region and could take weeks, if not longer, to clear. At the same time, Qatar's LNG export capacity may take years to fully recover after IRGC drone or missile strikes...

The Democratic Party Is Dead, Long Live The Jacobins! Authored by Victor Davis Hanson via American Greatness, For the past century, the agendas of the Democratic Party were predictable. They professed concern for working Americans and supported blue-collar unions. Unemployment insurance, a 40-hour work week, disability insurance, and Social Security were their trademarks—often rapidly achieved by growing government bureaucracies and continually raising taxes. Still, many Democrats were socially conservative. By the 1970s, Democrats still deplored antisemitism. Party officials had rejected their own segregationists to champion civil rights. Presidents like Franklin Roosevelt, Harry Truman, and...