Since Chile became a democracy in 1989, this South American country has been the most successful economy in its region, by far. A region constantly overwhelmed by social unrest, political turmoil, and staggering levels of income inequality and extreme poverty.
Pope Francis has manifested on numerous occasions his anti-capitalist vision of the world. In his latest encyclical, entitled Fratelli Tutti, Francis argues that the COVID-19 crisis exposed inherent problems of the free market system.
Since 2013, the Venezuelan economy has been in free fall. In just seven years, the country’s gross domestic product has lost nearly 70 percent of its value. This economic collapse represents the largest in the modern history of the western hemisphere.
Deforestation spikes in the Brazilian rainforest during the pandemic.
In May, the National Bureau of Statistics (NBS) published its Nigerian Capital Importation first-quarter Report, which revealed that Nigeria received $5.85 billion capital inflows in the first quarter (Q1) of 2020.
According to the NBS, the $5.85 billion represents over fifty percent increase when compared to what Nigeria received in the fourth quarter of 2019. However, when compared to the corresponding first quarter period of 2019, the investment flow into Nigeria shows a 31.19% decline.
First of all I would like to remember some historical lines about Georgia. My country is located in Caucasus, neighboring Russia, Turkey, Armenia and Azerbaijan. It is true that this region was historically one of the key points of Silk Road and nowadays it is loosing the opportunity to be a hub between Asia and Europe again.
It took us 75 years to rebuild freedom in some parts of Europe after the totalitarian horrors of World War Two, and less than three weeks to bring it to its knees again.
We face not one, but two pandemics, both of which have proven themselves to be deadly.
The digital tax has become one of the most discussed ideas in tax policy in the past months. Last year, the European Union wanted to introduce such a tax, which would specifically target companies providing digital services. This attempt ultimately failed due to the opposition of multiple member states.
“There are two sides to every issue: one side is right and the other is wrong, but the middle is always evil … In any compromise between food and poison, it is only death that can win. In any compromise between good and evil, it is only evil that can profit.” (Galt’s Speech)