Why Felipe Must Go

This Article explains why Felipe must go or face the challenge of a radical turnaround in governance. Felipe is the son of King Juan Carlos I, the Monarch of Spain since Spain transitioned to democracy from Franco’s dictatorship in the aftermath of his death on November 20th 1975. I was born in 1976. Felipe was […]

Why Some Catalans Are Charlatans

This article explains why some of those who claim that an independent Catalonia from a vintage Spain would be better off than a Catalonia belonging to (a new) Spain might simply be disoriented and biased by non-factual evidence fed by nationalistic sentiment. Nationalistic sentiment must be respected and ought to be encouraged if it respects […]

Why José Saramago Was Right

José Saramago, one of Portugal’s best writers ever and the only one who has been awarded the Nobel Prize in Literature in 1998, anticipated in an interview by Portugal’s Diario de Noticias on July 14th 2007, that Portugal would end up integrating with Spain in a new state he would call Iberia, explaining that: Culturally, […]

Why Spain Sucks

The reason why today’s Spain sucks is straightforward: it is a country of Suckers. Historically this attitude towards southern Europe has been typical of countries like France in the 1980s and 1990s and now Germany. It is time to acknowledge that we have what we deserve. The French used to say in post-World War II […]

Why Spain Will Never Be a True Democracy

Spain is unlikely to become a real democracy in the absence of major changes in the operating system or an upgrade of the operating system itself. It is not possible to understand this statement without having a thorough comprehension of the character or in other words idiosyncrasy of Spaniards as a people. A medical doctor […]

Spain’s Deep Recession

Spain is in Deep Recession not only economic-wise, but from every other point of view. Nothing works well in the Kingdom, not even the Monarchy. Profound changes are necessary if Spaniards wish to have any future at all. Spain’s leadership is broken. The two major political parties are filled with corruption cases and charges. Prime […]

Why Cuba and Spain Need Each Other Again

Cuba obtained independence from Spain in the aftermath of the Spanish American War which came to an end in December of 1898. The loss of Cuba, Puerto Rico, Guam and the Philippines is known in Spanish contemporary history as El Desastre (The Disaster), the event which concluded Spain’s era as a colonial power and inaugurated a time of pessimism and despair personalized by the generations of 1898 and 1914, two generations of Spanish intellectuals who anticipated the clash of social classes, which led to the Spanish Civil War between 1936 and 1939. The Spanish American War was the easiest of the wars ever fought by the United States. The event marked the decadency of a country that never experienced a revolution and experienced a 19th century of civil confrontations and wars, a period of decadency that perhaps took off with the independence of a majority of Latin American nations in 1812.

Spain and Cuba need each other because of their common history, language, culture and tremendous synergies. Spain and Cuba could inaugurate bilateral partnerships between developed and developing nations in the 21st century that go well beyond trade and foreign aid.

Hernando’s Mystery

Hernando’s mystery is the poor’s misery. Hernando de Soto is one of the leading economists in the developing world. In his book The Mystery of Capital the Peruvian economist reviews how real estate owned by the extreme poor could be mobilized to raise phenomenal amounts of capital that could trigger sustained episodes of economic growth […]

Bolivian Microfinance

Bolivia has been the success story in microfinance in Latin America in the last twenty years. I decided to spend one week in La Paz to better understand the business model of the Bolivian microfinance institutions. During the six day stay in La Paz I had the privilege of meeting the Executive Director of Bolivia’s […]

The Academic Man’s Burden

During a recent presentation at the London School of Economics Nobel Prize winning economist and Princeton University Professor Paul Krugman pointed out that “most work in macroeconomics in the past 30 years has been useless at best and harmful at worst”. The road out of the crisis is uncertain. Economists are used to criticize what […]