Category Archives: Corruption

Cronyism Damaged Venezuela before Chavez

Venezuela is bankrupt, having just defaulted on three interest payments. And much of the world is pointing fingers at the socialist policies of Hugo Chavez and those of his successor, the incumbent Nicolás Maduro. This laying of the blame is … Continue reading

Posted in Corruption, Cronyism, Economy, Society, United States, US Economy, Venezuela | Leave a comment

Notes from the Wharton Africa Business Forum

The Wharton Africa Business Forum took place in Philadelphia on November 3-5, 2017. Present were the Finance Minister of Nigeria, the CEO of Ethiopian Airlines and other business leaders (notably from lead sponsors McKinsey & Company and the Boston Consulting … Continue reading

Posted in Africa, Corruption, Demographic Dividend, Demography, Dependency Ratio, Economy, Education, Infrastructure, Innovation, Nigeria, Society, Sub-Saharan | Leave a comment

Africa: 800 Million Jobs Needed

African economies are in a race to get ahead of the demographic boom. Let us share without fear the journey of migrants and refugees. #ShareJourney — Pope Francis (@Pontifex) September 27, 2017 “Let us share without fear the journey of … Continue reading

Posted in Africa, BRIC countries, China, Corruption, Cronyism, Demographic Dividend, Demography, Dependency Ratio, Economy, Emerging Markets, Europe, European Union, Family Planning, Immigration, Infrastructure, Society | Leave a comment

A Different Kind of Border Wall

To slow mass migration, stop the illicit capital flight from poor to rich countries. An asset manager called ____ Capital recently sent out this email seeking referrals: The US Investor visa program allows one to invest $500,000 U.S. in a … Continue reading

Posted in Africa, Asia, Corruption, Cronyism, Demography, Economy, Emerging Markets, Europe, Hedge Funds, Immigration, Luxury Goods, Manhattan, Real Estate, Society, US Economy | Leave a comment

Capitalism Did Not Win the Cold War

This article first appeared at Foreign Affairs. Why cronyism was the real victor. When the Soviet Union collapsed 26 years ago, it was generally agreed that the West had won the Cold War. This was affirmed by the prosperity and … Continue reading

Posted in Africa, Brazil, BRIC countries, Communism, Corruption, Cronyism, Economy, Emerging Markets, Foreign Affairs, Hedge Funds, New York, Offshore, Oil, Real Estate, Russia, Society, United States, US Economy | Leave a comment

The Economics of Dependency

This article first appeared at Foreign Affairs. How countries hit the demographic sweet spot. Demographics are among the most important influences on a country’s overall economic performance, but compared with other contributors, such as the quality of governance or institutions, their … Continue reading

Posted in Africa, BRIC countries, China, Corruption, Demographic Dividend, Demography, Dependency Ratio, Economy, Education, Europe, Foreign Affairs, India, Infrastructure, Innovation, Society, Sub-Saharan, United States, US Economy | Leave a comment

India’s Disruptive Gamble

by Ravi Srinivasan (Ravi discussed this post at the BreakingBank$ podcast. His segment starts at 20:10.) Modi’s demonetization was the other November 8th global earthquake. A thorough historical record will show that not one but two man-made events shook the world on … Continue reading

Posted in Corruption, Economy, Emerging Markets, Guest Post, India, Innovation, Podcast, Society, Taxation, Technology | Leave a comment

On White Collar Prosecutions, with Jesse Eisinger

“The government no longer has the will and ability to prosecute top corporate executives across a wide variety of major industries.”______ Jesse Eisinger Jesse Eisinger is a senior reporter at ProPublica and a former reporter at the Wall Street Journal. … Continue reading

Posted in 2016 Candidates, Corruption, Cronyism, Economy, Podcast, Politics, Society, US Economy, Wall Street | Leave a comment

The Bridge from Laissez-Faire to Socialism

Cronyism remains unchecked in the world’s largest economy. We might object to the phrase crony capitalism for two reasons: First, because cronyism is in some ways the antithesis of capitalism. The freedom to compete and the freedom to fail that are central tenets of capitalism … Continue reading

Posted in 2016 Candidates, BRIC countries, Communism, Corruption, Cronyism, Economy, Emerging Markets, Society, United States, Wall Street | Leave a comment