TR EMERITUS

A few days ago the Economist updated its Crony Capitalism Index, for the first time since the newspaper brought it out in 2016. The intention of the index was to measure the percentage of the wealth of the billionaires who are citizens of the country concerned expressed as a percentage of that country’s GDP that comes from... 

Following the collapse of the Soviet Union 30 years ago, American economic advisers convinced Russia’s leaders to focus on economic reforms and put democracy on the backburner – where Putin could easily extinguish it when the time came. This is no trivial historical contingency. Had Russia become a democracy, there would... 

Click to enlarge I was exceedingly amused by the letter written by the President of the Chinese Chamber of Commerce & Industry regarding the leak of the audio recording of Minister Chan Chun Sing’s rant at a private meeting with business leaders. His letter expressed the fear that its standing of “high repute” has...