Over 200 years have passed since the emergence of traditional liberalism, led by Adam Smith. In the modern era, capitalism has evolved into a different system. One that is overly individualistic and promotes inequality. One that favors finance over the real economy and yields recurrent crises. And adamantly seeks to maximize not profitability, but rents,…

Núria Mas, profesor of Economics, Analyzes the situation in the world's second largest economy.

Germany and its chancellor, Angela Merkel, are going through some serious tribulations, such as: the mass arrival of immigrants from the Middle East; the ordeal with Volkswagen just as it was about to surpass Toyota to become the world's leading car manufacturer; the major impact of the slowdown in China's economic growth on its industrial…