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, […]
China on Our Doorstep
For the first time in recent history, the state of China’s economy is the object of examination, not only by “China experts” – provided such an animal exists – but by everybody interested in current economic conditions anywhere in the world. For the first time we are seeing that what happens to the Chinese economy […]
Latin America: No More Pennies From Heaven
The economies of Latin America (LatAm) have fallen on hard times. After almost a decade of positive growth, the favorable external conditions are disappearing and prospects for growth seem grim. The IMF projection for 2015 is just 0.9%, the lowest growth rate since 2002, with the exception of 2009, the year of the Great Recession. […]
Keynes on Pessimism
We all know that we as human beings have a hard time separating ourselves from the present situation. If we are in a crisis, we think the tough times will last for years, and the contrary if we are in an economic boom. The opinions of experts, institutes and others reflect that behavior: most of […]
Will China’s Bubble Burst?
Some economists are debating about China’s economic bubble: not about whether the bubble exists (they concur on that point), but WHEN and HOW it will burst. In your opinion, does this threat really exist? And what are the main risks for the international economy posed by the current situation of the Chinese economy? Alfredo […]
