Capitalism

Germany Reformed Labor Markets And Created A Pro-Growth Environment – But Do Not Count On Southern Europe To Follow Suit – Political and Cultural Differences Too Deep – Europe Will Stay Divided

Posted by on February 18, 2012 at 11:39 pm

By Paolo von Schirach February 18, 2012 WASHINGTON – A recent WSJ op-ed piece, Europe’s Supply-Side Revolution, by Donald L. Luskin and Lorcan Roche Kelly of Trend Macrolytics, (February 17, 2012), makes predictions about the future of Europe so bright and so positive that they frankly border on absurdity. As the writers put it, following Germany’s example, [...]

Perfect Agreement Between Democrats And Republicans On Pro-Growth Policies At GE Event on Competitiveness – Can These Centrists Take Control Of Their Parties In Washington? This Is Only Way To Pass Reforms

Posted by on February 14, 2012 at 11:36 pm

By Paolo von Schirach February 14, 2012 WASHINGTON – General Electric is hosting a major event in Washington, DC, titled American Competitiveness: What Works. Given GE’s convening power, lots of interesting people from industry, government, the media and think tanks are attending and speaking. And mostly the panelists and speakers talk about the right things. [...]

The Greek Parliament Finally Passed the Austerity Package That Will Release the EU Funds – But The People Violently Rioted – Destruction of Property, Massive Looting Explained Away As A Way To Express Opposition

Posted by on February 12, 2012 at 9:40 pm

By Paolo von Schirach February 12, 2012 WASHINGTON – True to form, the Greeks had to drag the signing  of a most critical deal that will allow the release of essential EU funds (130 billion Euro) until the very end. The government headed by Lucas Papademos haggled and negotiated with the so called “troika”, (EU, European Central [...]

Indonesia Powers On – 6.5% Growth in 2011 – $ 20 Billion Of New Investments – The Secret Of Steady Growth? Democracy and Consensus

Posted by on February 8, 2012 at 11:47 pm

By Paolo von Schirach February 8, 2012 WASHINGTON – If you think that Asia is only about China and India, watch out for Indonesia. Indonesia is the quiet success story of South East Asia. Without fanfare, the country managed to grow more than 5% in seven out the past eight years. For 2011 the growth [...]

America Needs Adult Education In Economics, Says Harvard Professor Kenneth Rogoff – Educated People Will Not Be Swayed By Over Promising Politicians – Educated People Make Better Citizens

Posted by on February 3, 2012 at 8:55 pm

By Paolo von Schirach February 3, 2012 WASHINGTON – Famed Harvard economist and co-author, with Carmen Reinhart, of “This Time is Different“, a major work on financial crises, writes that America needs voters who understand economic policy. In his The Financial Times contribution, (Our ignorance will yield more crises in capitalism, February 2, 2012), to [...]

Obama’s Election Strategy Is To Push “Fairness”, As If This Would Solve Anything – Taxing The Rich Will Not Get Higher Growth, Nor Will It Get Better Educated Children

Posted by on January 26, 2012 at 11:49 pm

By Paolo von Schirach January 26, 2012 WASHINGTON – It is quite depressing to observe Washington total political paralysis, accompanied by cheap and openly divisive populism. Admittedly, it is difficult to govern when the two parties are so deeply divided. But the president has to try. This is what he was elected to do and what he gets paid [...]

Capitalism In Crisis? Not Really – The System Works, It Rewards Efficient Producers – They Happen To be Asian – Western Nations Lost It

Posted by on January 10, 2012 at 11:53 pm

By Paolo von Schirach January 10, 2011 WASHINGTON – The Financial Times recently invited various luminaries to offer their thoughts on “Capitalism in Crisis“. And so, in the course of several days, many pieces containing various suggestions/pontifications about how bad things are in the US and in Europe and what should be done to remedy these [...]