The 20-year-old Toledo Pact, by which Spanish politicians attempted to head off the long-term unsustainability of the national pensions system, is defunct, writes F. Cabrillo of Spanish think tank Civismo. Cabrillo notes that the Spanish roundly rejected plans to import privatized models some decades ago, and now the national pension system is “bankrupt.”
“China’s growing presence on the Russian market and what it means for the European Union” By Alicia García-Herrero and Jianwei Xu, courtesy of the Bruegel Institute Russia doesn’t just look West, it looks East – and increasingly so. China’s economy has developed very rapidly over the past two decades, becoming the world’s […]
By Liam Sigaud, American Consumer Institute Though calls to break up “Big Tech” — Amazon, Apple, Google, and Facebook — have intensified over the last few years, the logic behind the movement is as tenuous as ever. From the perspective of consumer welfare, the standard that has guided competition policy in the U.S. for […]
