Italy is burning (+104% hectares destroyed by fire in 2012, fraudulent in 90% of cases), but the offenders usually stay free and risk very light penalties (288 people accused until 10 August are gently called ‘pyromaniacs’ by media and Authorities), and the Municipal land registers of burnt areas have never been activated (they are necessary …
Category: Economy
Aug 23
They see a light
The most influential members of the Italian government have been the leading actors of the annual convention of Comunione e Liberazione, the powerful catholic sect with a strong bias for business and many leaders convicted or prosecuted for bribing. Probably due to the mystic atmosphere in the “Meeting” and against any evidence and data (see …
Aug 20
Employment and growth in Italy
Federico Fubini illustrates on Corriere della Sera recent data from Eurostat, and shows two of major gaps of the Italian economy: the share of working people out of population (36,8%), which is very far from the EU average (and the worst after the Greek 33,4%) and is much higher than the official unemployment rate (10,8%); …
Aug 19
Italy’s world records – #3
Every day the ‘government of professors’ adds miles to its distance from reality. While the burden for new taxes and inflation weights for over 2.300 euro per family in 2012, recession is stronger than ever and taxes fly at the top of EU taxation systems, the professor chats with Tempi (magazine of Comunione e Liberazione, …
Aug 18
Italy’s world records -#2
Italy won the European record of illegal overbulding in 2012, with 161 hectares of land currently converted to new buildings every day (with average of 33 per day in the last 50 years; see other interesting data here). It is a devastating business and a source of major income for mafia. WWF Italia forecast a …
Aug 15
Italy for sale -#2
Debt, crisis and tax evasion keep their pressure on Italian Government and stress political relationships. In this scenario, tens of theories about sales of public assets crowd the summer debate on media, pushed by Ministers and politicians. Monti Government is now engaged in the new challenge of selling the (residual) family silver, after its recent …
Aug 06
The Economic History of the Last 2000 Years
The Atlantic reports an interesting history of the world economy, from a JP Morgan research. In the article, you can find other graphs showing the average GDP per capita in different Counties and areas, and a summary of the research explainin the economic trends, before and after the Industrial Revolution.
J. E. Stiglitz
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