Economy

“We must prevent exploitation of workers,” they say. Well, this is a complete nonsense. Capitalist exploitation is nothing but a fable that leftists, populists or inadequately educated individuals uses for haunting employees – just like parents use tales about bugaboos under bed to scare unruly children.

It really is a pity that the politicians currently governing Poland do not concern themselves with the negative demographic trends. It is even more sad that they do not care about the future of Polish pension system and public finance system.

The second part of the interviev by Josef Šíma (president of CEVRO Institute, Prague) with professor Peter Boettke on the importance of mainstream vs. mainline distinction in understanding economics, the power of ideas and education focusing on the link between philosophy, politics and economics, and the new master\'s PPE program in Prague.

Lithuania’s level of economic freedom has been steadily improving. The country has jumped up by two positions and ranked 13th in the world in the 2015 edition of the Index of Economic Freedom. The index is compiled by the Heritage Foundation in partnership with The Wall Street Journal.

This story of bilateral cooperation between Turkey and Georgia gives an interesting example of how good will and understanding each others needs, despite of several historic and political differences in past, can create a high level of cooperation from which both sides can benefit politically and economically.

On the importance of mainstream vs. mainline distinction in understanding economics, the power of ideas and education focusing on the link between philosophy, politics and economics, and the new master\'s PPE program in Prague with professor Peter Boettke talked Josef Šíma, president of CEVRO Institute, Prague.

A robot called Baxter truly exists. It takes him one hour to learn simple repetitive movements and then it is able to repeat them with objects which weight no more than 10 kilograms. Baxter costs 22 thousand US dollars. It is less than work costs of one employee with average salary in Slovakia for two years.

The conclusion for the Hungarian opposition shall therefore be quite obvious: they need to find an answer to the abovementioned economic needs. The refugee crisis may dominate the public discussion for now, but everyday lives of the voters are defined by the worsening economic situation and the fear of wash-out.

Although the frontlines are very clear when it comes to democracy, rule of law, European orientation – it is not the case in economic issues. Opposition parties have to remember this when creating a program and looking for alternatives instead of the regime of Fidesz: the Hungarian opposition is not right of left wing, rather eclectic – just like the government.

2015 was a year of many wins and losses for Ukraine. In the first half of the year, Ukraine faced a near-perfect storm of escalating military conflict, falling commodity prices and political instability. As a result already low export revenues went even further down and foreign currency reserves dropped to 5 billion dollars.