The Middle East: Wretchard nails it!

Once again, the incomparable Richard Fernandez finds the right words to precisely define the problem, without which there can be no solution:

“When historians look back on the first decades of the 21st century they may conclude that the political and economic crisis that swept over the world was the direct result of decades of resource misallocation driven by political objectives.  They will look back on  the drilling bans, environmental edicts which have shut down agricultural areas, the massive entitlement expansions and quests for carbon sequestration and ask: what were the political leadership thinking?

Maybe those historians will conclude that they weren’t. Because as everybody knows, they think the biggest problem in the Middle East today is Israel’s borders. Never mind that the Arab street has nothing to eat, no employment for its youth. …

It’s about food and fuel…and hubris! His following words should be carved in stone and placed above the entrance doors of every major world institution today.

“Among those that do, it is this single-minded pursuit of the irrelevant by the self-important that constitutes the greatest catastrophe of our time.”

Read it all…

http://pajamasmedia.com/richardfernandez/2011/05/21/strictly-from-hunger/#more-14834