North Korea has reportedly opted to nationalize a few million dollars’ worth of KEDO construction equipment. Don’t say I didn’t warn you:

[The emotional power of the promise of unification] is certainly sufficient to vacuum up millions more in South Korean cash to keep the Dear Leader in Henessey and razor wire, and the children of his secret police and officer corps eating at least adequately. But for the record, I’ll predict right here that the South Koreans will be locked out as soon as the last machine tool is installed.

I don’t know of anyone who’s ever given more good advice and been paid less for it. I guess that doesn’t make me so smart after all.