Crony Capitalism Index
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...
Capitalism over Democracy
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...
Willing Pawns
China has warns ASEAN countries not to be pawns in major powers confrontation. China's Foreign Minister Wang Yi has told his Indonesia counterpart, Retno Marsudi, that SEA nations should cherish their peace and stability. Major powers should not use smaller countries as 'tools'- Wang Yi said weeks before ASEAN summit with US...
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