Democratic Capitalism – Page 3

The Bad “Lesson” of The EU Debt Crisis Is That There Will Always Be A Bailout Other underperforming European economies know that there is a safety net. But this creates no incentive to really improve the fundamentals

By Paolo von Schirach July 31, 2013 WASHINGTON – The situation in Europe turned from really dramatic into just...

Egypt’s Tragedy Is In The Mix Of Impossible Politics And Total Economic Collapse 40% unemployment, currency reserves are gone. Saudi Arabia to the rescue, while Washington has become irrelevant

By Paolo von Schirach July 16, 2013 WASHINGTON – The unfolding Egyptian drama sadly tells us that the Arab...

Bernanke Says “Highly Accomodative Policies” Still Needed, And Markets Shoot Up It is bad when Central Bankers, rather than economic fundamentals, move markets. We end up with fake valuations

By Paolo von Schirach July 11, 2013 WASHINGTON – No, America, the Fed is not going to remove the...

Martin Feldstein’s Recipe For Southern Europe: Stimulus Now But Combined With Credible Public Spending Cuts Sensible idea. However, the problem is that "Club Med" is too tired and too weak. Limping along is the best it can do

By Paolo von Schirach Related story: https://schirachreport.com/index.php/2013/07/08/europe-will-continue-bailing-out-its-weak-southern-members/ July 9, 2013 WASHINGTON – In a recent piece (see link above)...

Europe Will Continue Bailing Out Its Weak Southern Members This endless financial aid program is not sustainable. What will Germany do after its political elections?

By Paolo von Schirach July 8, 2013 WASHINGTON – Back in 2009, at the very beginning of the Eurozone...

Mass Protests In Moscow Last Year, Now Demonstrations In Turkey And All Over Brazil Are All About Bad Governance Emerging countries will not go to the next level unless the citizens believe that government works to foster the public good

By Paolo von Schirach June 18, 2013 WASHINGTON – Last year there were mass anti-Putin protests in Moscow. In the...

Nelson Mandela, A Revered Leader, Left No Successors The former President of South Africa, now 94, is in poor health; but there is no objective justification for South Africa's poor economic health

By Paolo von Schirach June 10, 2013 WASHINGTON – 94 year old Nelson Mandela, the symbol of anti-apartheid resistance,...

Xi Jinping’s China Is A Country With Major Aspirations Undermined By Serious Systemic Weaknesses China's economy may have crested, while its citizens are becoming restless

By Paolo von Schirach June 9, 2013 WASHINGTON – It is a good thing that President Obama hosted Xi...

Greece Lacks A Modern Land Tenure System – Property Rights Vague, Litigation Common Lack of clarity on who owns what makes buying and selling complicated, hurts the Greek economy. Greece just like Africa?

By Paolo von Schirach May 27, 2013 WASHINGTON – What do Greece and Madagascar have in common? Well, not...

Lower Taxes May Help Attract New Investors – But Much, Much More Is Needed

By Paolo von Schirach May 1, 2013 WASHINGTON – The FT has a rather prominent story on how the...