Tag: Economy
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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…
