A Rare Defense of the Vietnam War. “Despite the fall of Saigon in 1975, Vietnam was not a “futile” conflict. The U.S. effort bought time for Thailand and other nations in East and Southeast Asia to develop in relative peace. Their prosperity, in turn, showed the world the difference between the fruits of capitalism and the poverty of socialism. Like the Korean War, Vietnam needs to be understood as an honorable battle fought to a draw in America’s longer and victorious Cold War.”
What Could Possibly Go Wrong? Gordon Brown and Nicolas Sarkozy propose that governments “no longer stand idle” and intervene in markets to keep oil prices at some ideal level.