Brexit Highlights the Enduring Value of Federalism
Regardless of other economic, political and social implications of Britain's vote yesterday to depart the European Union, it highlights a value at the core of America's governmental system: federalism.
On this side of the Atlantic, decades of almost uninterrupted centralization of authority at the national level has necessarily come at the expense of more localized decisionmaking. Our own unfortunate experience has been an increasingly homogenized, sterilized, conformist, bureaucratic, technocratic, remote, suffocating, uniform, top-down, one-size-fits-all leviathan. Ironically, those on the political left who so often pretend to value "diversity" defend that erosion of federalism most enthusiastically. They expose themselves as intolerant of true diversity, freedom and independence…[more]
Fighting for social justice isn’t cheap. Turns out, the student demonstrations that disrupted college and university campuses last fall are having some baleful economic consequences — at least in Missouri. And that is a very good thing. The higher education bubble could use some deflating, and if the spectacle of campus unrest has parents and taxpayers rethinking the value of a four-year degree, at least as it’s currently constituted, so much the better.
Standard & Poor’s, the bond-rating company, announced on Monday that it had lowered the outlook of the four-campus…
"LONDON -- British voters didn't just shock the world and the financial markets by voting to leave the European Union hours ago: They also ignored President Barack Obama, handed Hillary Clinton a potential economic burden and injected new energy into the populist currents roiling politics on both sides of the Atlantic. ... A Brexit represents nothing less than the partial splintering of the world'…[more]