Do you recall any task that you just continued to push in front of you, refusing to take any action regarding it or responsibility for it? I’m sure you do. We are all guilty of this. It is just too appealing to heave the work load onto our future selves rather than do it right … Continue reading
This weekend, the Italians chose their representatives for the first time since the Euro crisis hit. Italy itself had, since November 2011, been governed by an unelected technocratic government under ex-EU-commissioner Mario Monti who implemented vital (though perhaps too lax) reforms to the labour market. The Italians opted for a government led by centre-left Pier … Continue reading
“Deepwater Horizon”- Actually a quite illustrious and paradisiac name. A name which seemed downright sarcastic on the 20th April 2010 when the oil rig of the very same name suffered a blowout that set fire to the platform and caused it to sink. Approximately 500.000 to 1.000.000 tonnes of oil gushed into the Gulf of … Continue reading
Capitalism is the astounding belief that the wickedest of men will do the wickedest of things for the greatest good of everyone. -John Maynard Keynes Not many people think of Paul McCartney or John Lennon as great economists. Nonetheless one of their greatest hits is an ode to economic liberty: Let it be! Laissez-faire! When … Continue reading
After a week of Swabianomics, I hope many questions on the management of a successful business have been answered. It is obvious that our world economy is currently failing in many aspects. There should be one big question mark remaining: “to what extent is it possible to implement these ideas?“ It is this short article‘s … Continue reading
Picture the following scene: you are on “Who wants to be a millionaire?” and have made it to the final question. After waiting a few seconds, the question, which could get you a million, finally appears on the screen. Which of the following countries is clear of debt since 2011? Is it A Switzerland, B … Continue reading
Have you always wanted to be richer than a country? In that case fear no longer as you most likely are! Zimbabwe’s finance minister Tendai Biti on 30th January announced that the government’s bank account only held $217 after all public officials had been paid, and that the country would seek help from international donors … Continue reading
“We need entrepreneurs who are individually liable” Wolfgang Grupp Yesterday, I raised the subject of a system that was in need of change. To cut a long story short, it is the system of liability. The point I will try to make here would be more obvious had the financial crises, that started in 2007, … Continue reading
“A worker, who performs full working hours, must be able to live therefrom“ Wolfgang Grupp Why did Mr Grupp risk losing a lot of money or in the worst situation even his enterprise, which his grandfather set up in 1919, when he decided not to go with the trend, i.e. set prices low for his … Continue reading
“Before expanding into foreign countries, one has to fulfil the task in one’s homeland“ Wolfgang Grupp This is clearly something that could be taken down the wrong pipe. There are no objections to successfully running a business outside, whilst retaining the one at home with equally success, but when it comes to expanding, this is … Continue reading
merchinomics 