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THE WORLD KNOWS TODAY BEIJING IS THE PROBLEM IN THE SOUTH CHINA SEA

SouthChinaSeaClaimThe South China Sea has become the most dangerous fault-line in the world. Beijing and Washington are on a collision course over these contested waters, the shipping lane for 60% of global trade.

To The Point has been predicting this for years.  The prescience of that prediction became quite clear today.

This morning (7/12), the International Court of Justice in The Hague has ruled against China, that it has no “historic title” to areas of this sea stretching all the way to the ‘nine dash line’ - deep into the territorial waters of a ring of South East Asian states.

Beijing has as expected dismissed the verdict with scorn, accusing the tribunal of “shamelessly abusing its authority.” The state media said the country “must be prepared for any military confrontation” with the US, and must not flinch from war if provoked.

It is the latest in a series ominous developments in Asia and Europe that are rapidly subverting the Western international system and setting off a global rearmament race with strong echoes of the late-1930s.

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IN PRAISE OF ROUNDUP

I once tried the organic alternative to the herbicide Roundup for clearing weeds from garden paths: a flame-thrower.

It was brutal for the environment, incinerating innocent insects and filling the air with emissions. Next week I might have to go back to that. Roundup, the world’s safest, cheapest and most effective weedkiller, may be illegal within days in Europe.

Roundup (chemical name glyphosate) was due to have its licence extended for 15 years. Normally it would have been nodded through.

But this time the relevant French and German ministers, Segolene Royale and Barbara Hendricks, nervous about the Greenie vote, have blocked the renewal, and the best that farmers and gardeners can hope for is an 18-month extension till after French and German elections.

Yet almost everybody agrees that glyphosate is safe: the European Food Safety Authority, the German Federal Institute for Risk Assessment, the United States Environmental Protection Agency, the World Health Organization, my own British government.

Even at absurdly high concentrations, lab tests show it is only one-tenth as carcinogenic as coffee – and you don’t drink Roundup.

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THE END OF THE WORLD IS NOT EVEN CLOSE TO BEING NEAR

NotEndofWorldIs today the worst of times? This past week we had shootings of police and shootings by police. The world economy and political situation is a mess. It is a time of crisis without an apparent Churchill, Thatcher or Reagan?

Yet, in many ways, things have never been better.  In 1930, 304 American police officers were killed in the line of duty; last year it was 122.

In 1930, the U.S. population was a little over one third of what it is today, so, on a population adjusted basis, there were about seven times as many policemen being killed per year 85 years ago compared to recent years. And police killing of others, including black men, has also fallen sharply.

Most everything we buy becomes less expensive and better over time. A few decades ago, the doomsayers claimed that we were going to run out of many commodities, like oil. The fact is that most commodity prices, in real terms, are near record lows, and proven global oil reserves have never been higher.

Many improvements, and particularly new products and innovations, are not fully captured in the economic statistics, which means that the real improvements in well-being are underreported.

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SUPPORTING YOUR KIDS WITHOUT OBSESSION

“If the path before you is clear, you’re probably on someone else’s.” – Joseph Campbell

supportingyourkidSince the dawn of time, parents have wanted the best for their kids. They’re our link to the future beyond our own time here on Earth.

More importantly, we feel a connection with our kids: a visceral bond. When they’re happy, we feel delight. When they hurt, we feel pain. When they succeed, we feel proud. When they fail, we feel the loss.

It’s natural to want good things for our kids. We want them to grow into strong, good people. We want them to have work they love that enables them to live well. We want them to find good friends and a wonderful mate with whom they can grow a beautiful, loving life.

We want them to succeed.

But there’s an expression of this natural sentiment that’s growing across a large spectrum of our population. It troubles me.

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A BORNEO FOURTH

Orangutan
For me, this is an exceedingly cool way to celebrate the Fourth of July – handing a banana to a wild orang utan along a river in Borneo.

I’ve been on a houseboat on Borneo rivers for the past few days.  This photo was taken earlier today.

I am here doing what I’ve loved to do my whole life – explore and have adventures in remote places in the world.  I’ve been able to do this because I’m an American.

Sure, people from other countries are able to have the life they want, including one devoted to adventure – but it’s more difficult to do so.

It’s easier to do so in America than any other place on earth – because of the founding principles of our country that we celebrate today.  Thus today for me is a celebration of the moral essence of our existence as Americans. 

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NOT BEING EVIL IS NOT GOOD ENOUGH

[Skye’s comments on the Forum re the HFR last week (07/01) are so insightful many TTPers requested they be a full article.  We are happy to comply]

A TTPer asks, “Skye, your doubts on Trump (e.g. on tariffs and trade) are justified but a little more substance would help for an observer who retains an open mind on the subject.   What is evil?   This visceral distrust (of Trump) may be justified but what is the alternative Biden, Clinton and 2 to 3 Supreme Court justices?”

I don’t think that Trump is evil (unlike Hillary).  I do believe that he is mistaken about many things, and most importantly about what it would take to get him elected.  He is a prisoner of his own egotism.  His belief that his name can replace campaign funding with a billion dollars is what will give us those ‘Crats and their Supreme Court nominees.  I am obviously very unhappy with that prospect.

4 to 8 years of Clinton II are likely to create a lot more desperation. I do not want to see voting from the rooftops with .338 Lapua ballots.  That almost always ends very badly. 

I would love to read of as many other possibilities as smart TTPers can imagine.  We need to consider as many alternatives as possible from as many minds as possible.  A productive first step would be to stop wasting effort arguing about the relative qualities of Trump and Hillary.  Of course, the latter is truly horrific, but unless the former undergoes an unexpected sea change with respect to campaign funding actions, we will be stuck with the latter.

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JAMES COMEY AND THE ROAD TO TYRANNY

HillaryIndictFBI Director James Comey has decided not to recommend that Hillary Clinton be indicted for violating security laws concerning the handling of classified information, among other offenses.

By doing so he has compromised a fundamental principle of consensual government: that the laws apply equally to everybody, including those entrusted with the people’s power. Now it is up to voters come November to reaffirm that we are a nation of laws, not men.

Comey’s decision is just the latest in a long-developing trend. In recent years government officials from the president on down have demonstrated the progressives’ penchant for disregarding laws that don’t serve their private or political interests.

I am reminded by Comey’s decision of Aristotle’s definition of tyranny.  Here it is…

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THE FRENCH BREXIT BACKLASH BLUFF

French leaders are openly plotting to peel off large chunks of the City’s financial industry as soon as Britain leaves the EU. This might prove much tougher than they imagine.

France is rolling out the red carpet for putative refugees from Canary Wharf, hoping to capture the lion’s share of the estimated €600bn to €1 trillion market for clearing in euro-denominated transactions. Some German officials are also eyeing the City, but more discreetly.

"There is a power play going on. It is very clear France and Germany will do everything they can to damage the City and get the business for themselves," says Professor Athanasios Orphanides, a former member of the European Central Bank's governing council.

"Whatever they try to do, they'll end up shooting themselves in the foot and driving the businesses out Europe. The EU regulations are so costly that I think the City could actually see long-term benefits from leaving," he says.

The City is ranked number one in the Global Financial Centres Index, ahead of New York, Singapore, Hong Kong, Tokyo, and Zurich.  None of the EU's other hubs come close. Luxembourg is 14, Frankfurt is 18, and Paris lags far behind at 32,  behind Calgary or Dalian in China.

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NOT EVEN OBAMA MAY BE ABLE TO SAVE THE IRAN REGIME NOW

Iran&ObamaSupreme Leader Ali Khamenei’s war in Syria and Iraq isn’t going well, and he has accordingly purged those in charge. 

The excuse given for sacking chief of staff General Firouzabadi is that he’s obese, but he’s been fat for quite a while, and his successor—his deputy Mohammed Baqeri—doesn’t have much battlefield experience. 

The redoubtable Amir Taheri tweets that the new chief of staff is an intelligence professional, not a warrior.  (He’s very slim, by the way).  And he’s got lots of experience in business, where the Revolutionary Guards have done a lot better than in Syrian fights against ISIS and anti-Assad forces.

Aside from Firouzabadi, the biggest loser in this shakeup is the celebrated General Suleimani, easily the most recognizable face among the Revolutionary Guards. 

Suleimani was a selfie star for years, and was even considered a possible successor to the supreme leader by some of the Tehranologists.  That surge of popular stardom has ended. 

Meanwhile, hatred of the Islamic Republic is rampant across the Iraqi border.  A couple of weeks ago, a quarter million Iraqi Shi’ites demonstrated in Baghdad chanting “Down with Iran, down with Suleimani!”

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TOO BIG TO SUCCEED

MonopolyManHave you ever wondered why it is that even the most successful companies invariably stall out in terms of growth and profits?

The reason is that any organization, whether it is a business, a nonprofit, or a government, reaches a point where it can no longer be managed in an effective and efficient manner as it was when it was smaller.

When I took my first course in antitrust as a graduate student, the big concern at the time was that IBM would monopolize the computer industry, that U.S. Steel would monopolize the steel industry, and that General Motors (GM) would monopolize the automobile industry.

Such concerns seem absurd today, where there is more concern about the long-run viability of these companies than fear they will engage in monopoly power and abuse.

Economists have long understood the dangers of monopolies. Monopolies tend to become slothful and less well-managed, are easily corrupted, increase costs, reduce innovation, and thus slow progress.

But what is too often ignored is that government monopolies of any activity also eventually exhibit all of the characteristics of private sector monopolies, but are even worse because there is often no effective check on them — even in democracies.

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THE DEMOCRAT DEATH CULT

Tana Toraja, Sulawesi, Indonesia

TanaToraja
There couldn’t be a more appropriate and exotic place to discuss death cults than here.  In the distant highlands of central Sulawesi undiscovered by any Westerner until little over a century ago, are a people called the Toraja who take propitiation of their deceased ancestors to a limit unmatched anywhere else.

Yet most interestingly, the Toraja have combined their ancestor worship with a devout Christianity.  Tana Toraja (the Land of the Toraja) is a Christian haven within the world’s largest Islamic population.  Churches here are as plentiful as mosques elsewhere in Indonesia, while a giant statue of Christ towers above Tana Toraja high on a mountaintop.

The Toraja are a people with deep pride and confidence in the worth of their culture.  If there were anyone among them who lacked that pride and confidence, who felt ashamed and apologetic of their culture, they would be despised.  If that someone felt so ashamed and apologetic that they wished and worked for their culture’s destruction, they would be regarded as demented.

There are such people among us, among our fellow Americans.  There is a name for these people:  Democrats.  And it is critically important to understand something fundamental about them.

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BREXIT IS GLORIOUS

Brexit was an historic reassertion of Britain's ancient liberties. It was also a monumental repudiation of the left and its ever-growing nightmare of government by remote, unelected, unaccountable bureaucracies and the subversion of all democratic process.

Thomas Sowell has described this elitist trainwreck as "The Vision of the Annointed." It is everywhere and always the same, give or take a gulag or two.

Brexit was Lady Thatcher's dying hope, having come to understand that the EU was "fundamentally unreformable." Her dream has finally been fulfilled.

An independent Britain, free to set its own course and determine its own future -- as it has done for a thousand years before the Brussels behemoth was even a thought -- will preserve and extend its heritage of liberty and innovation. The Continent will fall deeper into its increasingly despotic quagmire, unless it breaks up well before that.

Immediate market disruption aside, some are concerned about the long term economic impact of Brexit. They shouldn't be. 

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THE EU-PROGRESSIVE MODEL IS CRUMBLING

Long-developing cracks in the Western political establishment’s century-old paradigm suddenly widened this year.

In the US Donald Trump, a reality television star and real estate developer, improbably became the Republican Party’s nominee for president. Bernie Sanders, a socialist and long-time Senate crank, challenged the Democrats’ pre-anointed nominee Hillary Clinton, who prevailed only by dint of money and un-democratic “super-delegates.” Meanwhile in Europe, the UK voted to leave the European Union, perhaps opening the flood-gates to more defections.

These three events share a common theme: populist and patriotic passions roused by arrogant elites have fueled a rejection of Western establishments and their un-democratic, autocratic, corrupt paradigm.

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