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Showing posts from October 25, 2026

Syria: How to Kill an Economy Without Firing a Shot

Salaam wants the state to play a key role in development through public investment. Yet, in the case of Syria, she should have explained where would the capital for investment come from: IMF and debt, loan conditions, China, expropriation…? “Advocates of economic liberalism argue that free trade promotes competition, efficiency, and growth. However, this argument often ignores a basic reality: countries do not compete under equal conditions. Producers operate with vastly different levels of infrastructure, access to finance, technology, energy costs, institutional efficiency, and government support. What may appear as free competition is often competition between unequal economies.” Syria's economic liberalisation trap

High Schoolers, Students: the Twilight of Macronism

Thomas Piketty: “ The current protest highlights what is undoubtedly the most glaring failure of the current government: a catastrophic and unprecedented 20% drop in the budget per student since 2017.” Note that in France around 75% of students are enrolled in public universities and institutions. Related France’s pouvoir d’achat crisis [ French public universities are grappling with an estimated €8 billion shortfall, which has pushed nearly all 75 public institutions into deficit budgets]. Clarification: Roberts refers to the 75 core universities, not to all public universities, which are 160.