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October 4, 2025
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State Capitalism Does not Work From the Soviet Union to post-Soviet Russia, from Social Democratic Europe to mixed economy China, we see the inherent flaws of systems in which politicians allocate scarce capital

WASHINGTON – Capitalism is flawed, we know this. The 2008 epic, almost terminal, Wall Street financial meltdown demonstrated that in...
Uncategorized

The Western Economies Are Much Weaker Than We Thought Lack of innovation and the high cost of generous welfare programs led to stagnation or decline

WASHINGTON – The Economist warns us in a recent Leader (Editorial) that the world economy is “Weaker than it...
Uncategorized

Low Oil Prices Hurt Russia, Iran And US Shale Oil Producers Saudi Arabia flooded the market with low cost crude, other OPEC members followed. What is the end game?

WASHINGTON – Are rapidly plunging oil prices just the logical outcome of a sudden collapse of global demand, just like what...
Uncategorized

Will Reformer Neves Have A Chance To Lead Brazil Into Real Modernity? Brazil needs a new president who will reform its public sector, while improving conditions for investors

WASHINGTON – Will Brazil finally join real modernity? Notwithstanding a few years of promising economic growth, the largest country...
Uncategorized

Americans Live A Bit Longer – But The Health Care System Still Focuses On Treatment, Not On Prevention The US still lags behind much poorer countries like Greece when it comes to life expectancy

WASHINGTON – Life expectancy in the US reached a new high point: 78.8 years. This is good news. Longer...
Uncategorized

If We Want Cost Effective Renewable Energy, Let’s Invest More In R&D Adopting immature technologies is only about politics, not about good economics

WASHINGTON – It is very sad that the renewable energy debate is now mostly about politics and ideological bias, and...
Uncategorized

No Real Progress In the US-Led Air War Against ISIL – No Path To Victory Modest military effort. Very few air sorties, even fewer strikes

WASHINGTON – in 1999 NATO combat aircraft (with the US supplying most of the air power engaged) flew 38,000...
Uncategorized

US Unemployment Below 6% – Great News, But The American Economy Remains Weak The West in general is producing less, while spending too much on income support for the poor and on pensions. Meanwhile, fewer active workers produce less wealth

WASHINGTON – The US unemployment rate is now below 6%. This should be good news. It looks as if we...
Uncategorized

Italy Is Slowly Sinking – Years Of Recession Or Zero Growth – Unemployment At 12.6% There seems to be no public policy remedy for a country in economic decline

WASHINGTON – Mario Draghi, the President of the European Central Bank (ECB) deserves praise for his ability to save...
Economy, Europe, International, Politics, Public Policy, Uncategorized

Timid Obama Unwilling To Blame Russia For The Shooting Down Of Malaysia Airlines 777 Calling for an international investigation is meaningless, as the tragedy occurred in a war zone

WASHINGTON – President Obama’s speech about the shooting down of the Malaysia Airlines Boeing 777 over Eastern Ukraine is...
International, Politics, Security, Uncategorized, US
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