The Posh Boys Are having It bad

The blending of left- and right-wing programs is hardly novel. The Nazis proudly called themselves National Socialists. And Mussolini, who started out as a diehard socialist, didn’t give up his core belief in state control even after he found a more effective way of rousing disaffected Italian masses. From the late 19th century onwards, political movements […]

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Inequality Invented

Clearly, economic inequality is a highly complex phenomenon, affected by a wide variety of factors – many of which we do not fully understand, much less control. Given this, we should be wary of the kinds of radical policies that some politicians are promoting today. Their impact is unpredictable, and that may end up doing […]

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Russia’s Great Shift Downward

For Russia’s battered economy, 2016 already looks miserable. The ruble has slumped to record lows as oil prices have fallen 11 percent since Jan. 1, to around $30 a barrel. The government, which gets nearly half its revenue from oil and gas, is scrambling to plug a 1.5 trillion-ruble ($19.2 billion) hole in its budget. Read Here – Bloomberg

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Predictions from Davos

Terror attacks, geopolitical turmoil, volatile stock markets – it’s fair to say the year has got off to a bumpy start. But what will the rest of 2016 hold? While it’s notoriously difficult to make accurate predictions, some of the leaders in Davos had a go. Here’s what they think the next 11 months might […]

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India’s Investment Anemia

Whatever the state of the global economy, the bottom line is that India cannot attain its potential without a strong revival in investment. If the economy is to achieve the double-digit growth rates that China once boasted, India will need to build much more production capacity and much more infrastructure. Read Here – Project Syndicate

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China’s Pain Points

Here are some of China’s economic pain points: bloated state-owned companies; banks with rising bad loans and local governments drowning in debt; massive overcapacity in the property market; bad investment in the wrong places. Read Here – Bloomberg

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In Eight National Addresses, The Story of A Historic Presidency

Seven years ago, newly elected President Barack Obama addressed lawmakers in the shadow of a devastating economic crisis but buoyed by the promise of change he’d campaigned on. On Tuesday night, Obama returned to the same podium for his final State of the Union address, with an economy in much better shape but other worries clouding the horizon. He reprised that same “change” theme […]

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