Tag: Economy
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Big problems often have simple solutions
Finance Minister Clyde Caruana is stating that due to the problem of his own making and by basing the economy on cheap labour (Clyde Caruana around 7 years was the chief bureaucrat responsible for the importation of foreign workers), Malta will have an estimated amount of 800,000 people by 2040 if it was to retain…
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The economic wreckage left behind
Robert Abela will be forever remembered as one the worst Prime Ministers in Maltese history, only comparable to Karmenu Mifsud-Bonnici and Lawrence Gonzi in the history of economic wreckage that he will leave behind. The collapse of the rule of law and the rise of the Mafia State have direct and negative economic impacts on…
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No idea and no plan: just platitudes (2)
So, Clyde Caruana has finally realised that he needs a plan for the economy, but the only problem is that Baldrick the Prime Minister doesn’t even have a clue. They have no plan and no idea. Clyde is simply in management by crisis mode, fulfilling the orders of the Prime Minister to scour one billion…
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Why Russia is a Venezuela in the making
The problem with an economy which is mostly dependent on its commodity exports is that it depends on commodity booms for its sustained economic growth. Russia is an economy which depends on commodity exports which are mostly gas and oil, and it doesn’t export any important manufactured products, except for rockets, although even those will…
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It’s not the war: it’s fraud
After going out on an extensive spending spree, burning hundreds of millions of Euros on stupid projects, to appease contractors and friends of friends, and more millions to win the elections, the government has announced it will be trimming its expenditure to offset expenditure on fuel and energy subsidies. Mind you, Enemalta is bankrupt because…
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A Rent-Seeking Regime vs Reality
Robert Abela became Prime Minister with an adventurer’s mindset: following his ambitions and thinking that taking over the country would be the same as taking over a village. His own personal and vain joy ride. Not only did he fail to restore rule of law and bring justice by covering up for criminals and conserving…