Category Archives: Economics

Canadians Discuss Migration to Chile

The Toronto Globe and Mail describes migration to Chile and Brazil: In the middle-class kitchens of Chile, it is women from Peru who wash the dishes. The men who pick fruit in the vast agro-estates in Chilean valleys are Bolivians. … Continue reading

Share
Posted in Chile, Economics, Society and Culture | Leave a comment

Psychologist Explains the Engine of Capitalism

Governments often believe that most jobs are created by small businesses and that governments should encourage job creation. Psychologist Daniel Kahneman discusses, “the engine of capitalism” in his book, Thinking, Fast and Slow. The remainder of this post is direct … Continue reading

Share
Posted in Books, Business, Economics, Government and Law | Leave a comment

Chile Competing Against Europe and USA for Migrants

The moribund economies of the USA and Europe is driving some migrants to Chile, according to the Wall Street Journal: It sounds like the typical American dream for an immigrant: Each month, Marco Antonio Serna sends $500 to his parents, … Continue reading

Share
Posted in Chile, Economics, United States | Leave a comment

Jackie Robinson Shows How Profits Eliminate Racism

I recently read Jackie Robinson’s autobiography, I Never Had It Made, where he describes his first job after retiring from baseball, working for Bill Black of Chock Full O’Nuts. William Black, a white businessman who was the founder-owner of the … Continue reading

Share
Posted in Economics, Society and Culture, United States | Leave a comment

Chile the Best OECD Economy During the Last Two Years

Mercopress reports: For the second year running Chile becomes the OECD member with the highest GDP expansion which this year will reach 5.2% compared to the 1.4% average. November’s estimate in 0.8 percentage points higher than last May’s forecast. Likewise … Continue reading

Share
Posted in Chile, Economics, United States | Leave a comment

A Tragedy for the Louisiana Economy

As United Statesians submit their income taxes today, Forbes reports that the Governor of Louisiana, Bobby Jindal, is surrendering the struggle to phase out the income tax in his state, a dismaying development because the nearby southeast states of Texas, … Continue reading

Share
Posted in Economics, United States | Leave a comment

Rich People Emigrating from Democracies to Dictatorship in Singapore

The Wall Street Journal explained why rich people are emigrating to the dictatorship in Singapore: Many Americans and Europeans just want a place where their investments can keep growing—hardly a problem in Singapore, smack in the middle of the fast-growing … Continue reading

Share
Posted in Economics, Government and Law | 1 Comment

Is Warren Buffett a Liar?

One of the richest people in the world, Warren Buffett, says that he wants to pay more taxes because he pays a smaller percentage than his secretary. In the video below, Peter Schiff claims that Buffett is lying. Is that … Continue reading

Share
Posted in Economics, United States, Video | Leave a comment

A “Temporary” Tax Becomes Permanent in Chile

According to 4-traders: Chilean fuel and forestry conglomerate Empresas Copec SA (COPEC.SN) and pulp and paper producer Empresas CMPC SA (CMPC.SN) each will post a one-time tax charge in their third-quarter earnings, the companies said in separate filings with the … Continue reading

Share
Posted in Business, Chile, Economics, Government and Law | Comments Off

Food so Tasty that it’s Unfair

Former President of Chile Ricardo Lagos recently asserted: A society that is built on neoliberal economic ideas will indeed foster GDP growth and innovation. But unless it is complemented with public policy aimed at promoting equality, a free-market society will … Continue reading

Share
Posted in Economics, Education, Society and Culture | Comments Off