Positive effects of the crisis
The economic slowdown that currently takes place in Poland has also some advantages, as it is the time when more traditional strategies work, all hooray-optimistic plans will fall apart and when the 100% mark-up has to be reduced. Fortunately, what we deal with in Poland is only an economic slowdown and not the recession, such [...]
The end of a certain cycle. Heroes, The Magnificent, Masters of Hypocrisy and Shamans.
On October 28th, 1980 – a week before the elections – Jimmy Carter, serving President of the United States of America, challenged in a debate his Republican rival Ronald Reagan. His scarce advantage in the opinion polls had rapidly decreased after the meeting, which eventually led to his electoral defeat. The President, who four years [...]
Trains going in opposite directions
Undoubtedly, as in the words of Samuel Brittan, the Financial Times columnist, we have recently been living in “a gloomy era of the glorification of the state.” The public sphere has been dominated by the amateurs trying to fix capitalism and the politicians who mainly shout at the “greedy financiers.” The new prophets of anti-capitalism, [...]
Biblical story solves the European crisis
European politicians have been going out of their ways to find the antidote for the virus consuming the other countries of the Old Continent since the advent of the second “state” wave of the current crisis. A diagnosis does not arouse a controversy, though. The balloon of the social promises made to the citizens has [...]
Has the crisis in the USA come to an end?
Recent data on American economy may give some cause for optimism. The employment increased at 243,000 in the non-agricultural sector and 257,000 in the private sector. It proves undoubtedly the upturn in the job market. Taking into consideration that the situation has not changed for months, we may be optimistic about American economy. Although the [...]
Europe on its last legs
Europe is in crisis. Not for the first and not for the last time. The only reasonable solution is to integrate more. Contrary to what one could have expected, supporters of the option of enhanced integration are anything but scant. Not so long ago, it seemed that the worst was over. More cautious commentators warned [...]
Healthy people of Europe
Growing compatibility of Polish and German economies is an argument for closer co-operation for financial discipline and stronger economic integration of the European Union. ‘Polnische Wirtschaft’ – this cluster of words has never sounded flattering in German mouth. In the colloquial language of our western neighbours Polish economy was for a long time a symbol [...]
The implications of gas crisis between Belarus and Russia
Paweł Luty: Recently we have experienced a huge crisis between Belarus and Russia over natural gas. Belarus owed Gazprom millions of dollars. Minsk answered that Russians also had not settled their debt for the transit of LPG. Apart from the economic reasons, do you see any other source of the conflict? Przemysław Żurawski vel Grajewski: [...]
After the Crisis: What Kind of Capitalism?
Jażdżewski, Żakowski, Sobolewski, Bochniarz, Winiecki, Rybiński, Gutkowski Leszek Jażdżewski: The greatest economic crisis of last thirty years seems to be over. But the example of Greece shows that the restitution will not be easy. The econimies of almost all of the developed countries are groaning under the weight of their debts. The public debt of [...]
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