Now [Europe is] living with the results of [its] arrogance: while [Europe brands] the U.S. illiberal, [the US] grows its population, diversifies and assimilates, and offers economic opportunity and jobs; although, for a time [Europe has] become wealthy -- given [its] lack of defense spending, commercial unity, and protectionism -- but only up to a point: soon the bill comes due as [it ages], face[s] a demographic crisis, [and becomes] imprisoned by secular appetites and ever growing entitlements. Once one insists on an equality of result, not one of mere opportunity, then, as Plato warned, there is no logical end to what the government will think up and the people will demand.
And more:
Europeans have turned their backs on the "Sermon on the Mount" and adopted in its place a Rousseau or Foucault as totems. Atheism is bad enough when it worships the Calf of Pure Reason, but when logic and rationalism are themselves replaced by postmodern relativism, then the loss of god, and the trade off become an even worse deal.
Read this carefully. Yes, the dollar's fall is fuelling lots of bad stuff -- but (say the numbers) if it weren't for the dollar-related export surge, we'd be in recession right now.
