Category Archives: Society

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 | 1 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

New Infrastructure in Sub-Saharan Africa

This post will be continuously updated as we learn about new projects. Go to the bottom of the page for new entries. On the three main vectors of wealth creation, African countries have lagged other developing nations for several decades. … Continue reading

Posted in Africa, Demographic Dividend, Demography, Dependency Ratio, Economy, Emerging Markets, Infrastructure, Innovation, Society, Sub-Saharan, World Bank | Leave a comment

Why Buffett Won His Bet Against Hedge Funds

QE had a lot to do with it. Active fund manager billionaires Warren Buffett and Charlie Munger have been critical of active fund manager millionaires for their very high fees and chronic underperformance. It is not unusual for the ultra wealthy to trash the … Continue reading

Posted in Economy, Federal Reserve, Hedge Funds, Investment, Society, Stock Market, United States, Wall Street | Leave a comment

Father of the Bernie Sanders Presidency

President Trump’s elite-managed populism opens a path for a more genuine version. On the usual political spectrum, there are left and right, people who call themselves progressive or conservative, socialist/social democrat or capitalist. But these labels seem to mean less today than in the … Continue reading

Posted in 2016 Candidates, Cronyism, Demography, Economy, Politics, Society, United States, US Economy | 1 Comment

Outsmarting Crime Together: CityCop CEO Nadim Curi, 23 March 2017

Sami J. Karam speaks to Nadim Curi, CEO of the anti-crime app CityCop. Powered by its successful rollout in Latin America started in 2014 and further boosted by funding from startup accelerator techstars, CityCop has staked a claim to turn its “social platform for … Continue reading

Posted in Economy, Podcast, Society, Technology, Texas, United States | 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