Category: 3-DailySometimeCommentary

With American intervention in Venezuela, some are claiming that the Trump administration is simply invoking the Monroe Doctrine, or its corollary, the “Donroe” Doctrine. In reality, neither doctrine is an appropriate reason for US military intervention in Latin America.

Original article: https://mises.org/mises-wire/why-monroe-doctrine-cannot-be-reestablished

Whatever advances Great Britain made during the Margaret Thatcher years have long been reversed as the UK finds itself in decline of its economy and social fabric. Big government, once again, is the culprit.

Original article: https://mises.org/mises-wire/uk-economic-and-social-freefall

In his inaugural speech, New York Mayor Zohran Mamdani declared an end to “rugged individualism” and the embrace of “the warmth of collectivism.” New Yorkers are about to find out that collectivism will not produce what they need to have better lives.

Original article: https://mises.org/mises-wire/warmth-collectivism-beginning-mamdani-era

What kind of state does the UK find itself in as we start 2026? That’s the question Tim Harford and the More or Less team is trying to answer in a series of five special programmes.

In the fourth episode, we’re searching for answers to these questions:

Are one in four pensioners millionaires?

Is England’s education system performing better than Finland’s? And how does it compare to Scotland, Wales and Northern Ireland

Are our prisons going to run out of space?

Is the weather getting weirder?

Get in touch if you’ve seen a number in the news you think we should take a look at: moreorless@bbc.co.uk

Contributors: Heidi Karjalainen, Senior Research Economist at the Institute for Fiscal Studies Harry Fletcher-Wood, Director of Training at StepLab John Jerrim, Professor of Education and Social Statistics at University College London Cassia Rowland, Senior Researcher at the Institute for Government Friederike Otto, Professor of Climate Science at Imperial College London

Credits:

Presenter: Tim Harford Producers: Lizzy McNeill, Nathan Gower, Katie Solleveld and Charlotte McDonald Series producer: Tom Colls Production co-ordinator: Maria Ogundele Sound mix: Sarah Hockley and Neil Churchill Editor: Richard Vadon

President Trump claims Venezuela stole American oil. Is that true? We trace Venezuela's oil industry from its 1920s birth through nationalization and then collapse. Today on the show, how did the Venezuelan oil industry get to a point where it’s barely pulling from its reserves? And will anything change now? 

Related episodes: 
Venezuela’s economic descent (Updated) 
Venezuela’s recent economic history (Update) 
Why oil in Guyana could be a curse For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Julia Ritchey. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  

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The Austrian School of economics isn’t a 20th century or even 19th century creation. Instead, Austrian economics is rooted in the logical thought, as developed by Aristotle and Thomas Aquinas.

Original article: https://mises.org/mises-wire/aristotelian-thomistic-roots-austrian-school

Donald Trump’s war against Venezuela is truly a racket, as it looks to be little more than an attempt to loot the nation of Venezuela’s natural resources in the name of “liberation.”

Original article: https://mises.org/mises-wire/venezuelan-war-racket