World Affairs

Topic

• Moisés Naím on corruption in South America and the link between commodity-based economies and populism
  “In countries where commodities are +50% of exports, give me the price and I’ll tell you what the political mood is”
• Charlie Munger on China’s remarkable success under a peculiar model; Adam Smithian capitalism but no free speech
  “What the Chinese have proved is you can have a screamingly successful economy with a fairly controlling government”
• Charlie Munger’s cautious comments on recent US fiscal and monetary policies
  “It was politically impossible to do big stimulus rapidly. Their weapon was to print money and reduce interest rates”