Excerpt

The political disorder grows ever thicker. As of this writing, the European financial crisis seems as far away from resolution as ever, although the same complaint might have pertained three months ago nor is the diagnosis likely to lose its validity three months hence. The eurozone insists on tumbling toward an economic catastrophe that may drag the rest of the world down as well. Meanwhile prospects for a liberalizing democracy in the former Communist empire have largely vanished from living (or incarcerated) memory, and the trajectory of the Arab Spring poses more questions than answers. To be sure, things may…