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Both ideological anti-capitalism and economic factors contribute to the way Africa lags the rest of the world in the conquest of poverty.
The EntrepreneurGlobal Economy
Africa has plenty of hard workers and plenty of natural resources. But private property is not secure there, which means few are willing to invest their capital there.
Global EconomyProtectionism and Free Trade
Even if Trump and Xi both desire to reduce America's trade deficit with China, it's unlikely it will shrink in the short term.
Booms and BustsGlobal EconomyProtectionism and Free Trade
It is the lethal combination of tariffs and the end of the expansionary phase of the credit cycle which should concern us.
Global EconomyWorld History
"Green" parties gained too, and unfortunately, the big winners share an important similarity: they all advocate for more government interventionism in one way or another.
Italian politicians are thinking "full speed ahead" when it comes to debt and devaluing the currency. And it's becoming harder for the EU to contain the possible fallout.
Booms and BustsFinancial MarketsGlobal Economy
Unlike Greece, Italy or other seriously debt-laden economies, it’s not just government borrowing that’s the main risk to Turkey.
The EU retreated from the ideas of free trade, free markets, and competition and turned its attention, resources and intentions towards developing a bureaucratic, regulatory, planning economy approach.
Huawei’s 5G global ambitions, coupled with the global trade effort known as the "Belt and Road Initiative" means the US government is motivated to undermine Hong Kong's monetary stability.
Brexit and decentralization are good things, but the unfortuante truth is that harmful post-Brexit policies are equally likely to be imposed by the UK’s own government as by the European bureaucracy.