Weird...

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Many major oil producing nations are facing tumult and chaos. Think Venezuela, Nigeria, Iraq, Iran, Russia.

But energy prices sinking.

How so? Markets. Markets matter.

Markets and capitalism have one great redeeming future: They work.

Citizens left on their own earn good money, invest, save and produce.

But on the Left they say it's not fair.

Yet upward mobility is a hallmark of the American Dream.

The great economist Joseph Schumpeter described part of the process of capitalism as creative destruction.

That can be harsh. It can create Luddites, who want to smash the machines that put them out of work.

The trick is to provide transition help, training, child care and the like.

That also works.

Ben