A Financial Times article highlights the surreal nature of Brazil’s “Mensalão” judgement, so easily lost on us locals. Just a few days later, a commission of our Congress buried yet another investigation of its peers. We have much to learn, much to do. Can’t rest a single second.
Dartmouth professor Richard D’Aveni has a thought-provoking interview at Fortune about his latest book, which is about China as a threat to US interests – valid for Brazil as well and for the same reasons. It’s hard to disagree with Prof. D’Aveni’s idea that “the free market has basically got a disavantage when you’re against a smart strategic capitalist”.
This blog’s most frequent contributor just recently reminded me of a source I had been neglecting of late: Bronte Capital. As the most recent post “The macroeconomics of Chinese kleptocracy” shows, it’s always entertaining and provocative, even though I sometimes don’t agree with their arguments. Since the statements sometimes jump the necessary explanation, it’s not easy to tell when they’ve done the homework.
Transparency, governance and accountability are two of the main issues I am concerned with regarding politics, government and society in general. I have discussed it here in terms of citizen initiatives such as Wikileaks and its offspring, but governments can also try to push it in that direction. We’ve seen a recent push in Brazil, […]
The agenda for the 2012 Rio Investors Day conference is now online, and I will cover both days of the event next week (Monday and Tuesday). The “single track” design favors breadth over depth, but given the intended audience it’s probably for the best. All in all it’s a great initiative and a well-organized event. Check back next week for the notes!
No mistake in the title: US immigration laws have some California entrepreneurs – Peter Thiel included – pondering a ship to house innovators and entrepreneurs 12 nautical miles off the California coast – i.e. international waters! The point here isn’t the specific plan, it’s the regulatory and political environment that spawned it.
His editorial in the WSJ.com is about the search for Liberty and how one dedicates his craft to it. Liberalism means different things in different countries, but “true liberalism”, as he states it, seems to be a lost “art”. We’ll leave you with the start of a great passage – just the start, to entice the reader to read the entire text: “This is the core insight of true liberalism: All individual freedoms are part of an inseparable whole. Political and economical liberties cannot be bifurcated. Mankind has inherited this wisdom from millennia of experience (…)”
Brazil’s efforts to influence its Latin America neighbors are not always well-received. That by itself isn’t a problem, at least not beyond the stated and unstated strategies and goals behind such initiatives. Reaction will always occur as one group or another feels threatened/ left behind. However, it is important to keep an eye on the trend. Much has been said about Brazil having “lessons to teach” other LatAm countries, and we have been skeptical given increased government spending and intervention in the economy – alongside rising inflation. Brazil has done well, no doubt, but let’s keep our minds open to our own problems before we try to “export solutions”.
Interesting Wall Street Journal editorial pointing out some contradictions within the Occupy Wall Street movement. As with all movements that start small and seem innocuous or naive at first, politicians and Wall Streeters ignore them at their own peril. How long before someone with any kind of political relevance gets tempted into picking up this flag?