Thank God for Global Capitalism

Photograph by Nathaniel St. Clair

Oil prices are gyrating and global markets are panicking as the two-week war with Iran goes badly. According to Bloomberg and the Financial Times, Donald Trump is already having second thoughts about the conflict. That development invites an unusual reaction. Thank God for global capitalism.

If the American political system cannot restrain Trump, apparently oil traders and bond markets can. Global capitalism is once again doing what the Republican Congress...