LCACM

Trade Tensions Surfacing Between Emerging Markets of the Global South

Surprisingly the Indian government has done little to stem the dumping of Chinese goods on the Indian market. This is destroying numerous small scale industries in India and is likely to have a negative impact on Indian employment and economic growth.

Mini-November Crash Update

"but we've turned it around before and can do so again. " In the past US leaderssuch as Lincoln and FDR were not ideologues but pragmatic and wise. Judging by his recent statements at the Peru summit, it appears President Bush has still not learned a thing from this crisis and he has till next January 20th to wreak further havoc with what is left of the US economy.

Commodities: The Next Bubble?

Correct analysis. It is amazing that the FED keeps repeating past mistakes. The previous 2 bubbles were due to unreasonably low interest rates. With such low interest rates a commodities bubble is very likely.

Questioning the Link Between Commodity Wealth and Oppression

In resource rich and warm contries, less intelligent people can easily thrive and multiply. Over millenia of human evolution, this has caused a decline in the average intelligence of people inhabitting resource rich and warm countries. When people lack intelligence, authoritarian regimes evolve to create some order, as this represents the lesser evil.

In colder countries, agriculture was a challenge and only intelligent war mongering individuals could survive. This has caused a higher average IQ in colder countries, but more prone to wars. For these countries, Democracy is the lesser evil as it lowers the likelihood of wars.
To force the same form of government in all countries, (Democracy in IRAQ for example) is a Trilion dollar mistake. Evolutionary differences between people, due to Temperature and Resource availability need to be taken into account.