Tag Archives: 6b.) Austrian center

The Cultural Revolution of the 1960s was a comprehensive effort by Mao Zedong to regulate how people think and behave. Citizens were forced to read the “Red Bible” and honor the Communist Party with quasi-religious rituals. Mutual supervision was encouraged throughout all of society. People were told that the way of thinking and behavior advocated by Mao Zedong was the only correct one. Sixty years later, China is undergoing another Cultural Revolution, the goal...

Throughout the next weeks, we will regularly feature the keynote speeches held by our distinguished experts at this year’s digital Free Market Road Show.  The times we are living in – the pandemic – are times when our fundamental values are threatened maybe more than ever in modern times. More than ever in modern times because we are living not in a time of containment, with an Iron Curtain, or a Bamboo Curtain, dividing the world in two as in the Cold...

by Henrique Schneider China is the only major economy to have grown in 2020. Now the party and state leadership are preparing for a Chinese era, adding a new economic arrow to their geopolitical quiver.  Once again, the 2021 National People’s Congress, held from March 5-11, followed a strict choreography. The political leadership entered the Great Hall of the People to the sound of a military band and led by state and party leader, President Xi Jinping. The...

by Dr. Federica Saini Fasanotti Malta is a compact archipelago in the Mediterranean Sea, 80 km from Sicily, 333 km from Libya and 284 km from Tunisia. It had a long list of rulers, including the Phoenicians, the Byzantines, the Arabs and later the French under Napoleon and finally the British. The island gained independence in 1964, and in 2004 it joined the European Union. In recent years, the smallest EU member state, with a population of less than half a...

Monday, April 26, marked World IP Day. In cooperation with the Property Rights Alliance (PRA), the Austrian Economics Center celebrated it by signing its annual coalition letter, addressed to the World Intellectual Property Organization’s Director-General Daren Tang. Property rights benefit businesses, both big and small, start-ups or companies with a long tradition. This, in turn, enriches society as a whole. The COVID-19 pandemic has cost us too much. As a response...

10th International Conference “The Austrian School of Economics in the 21st Century” will be held in Vienna (Austria) on November 4 and 5, 2021, organized by the Austrian Economics Center and Fundación Internacional Bases. Born in the city of Rosario, Argentina, in 2006, the Conference has become a must attend event for all those interested in the Austrian School of Economics, free trade, an open economy, and a social order favorable to entrepreneurship and...

As Covid-19 continues to rage throughout Europe, China and Russia seem to be giving the European Union lessons in soft power on its home ground. EU members and countries nearby are turning to Beijing and Moscow for additional supplies of Covid-19 vaccines, faced with rising discontent at the slow rollout of the EU’s own vaccination strategy, supply shortages, delivery bottlenecks, poor communication and concerns about vaccine safety. China’s vaccine deliveries...

Among the many problems originated by the Covid 19 pandemic, one of the most important is the resurgence of the anti-vaccine movement. Conspiracy theories, ridiculous arguments and unfounded accusations have given renewed fuel to one of the most anti-scientific and destructive trends we have ever seen. The nefarious contemporary anti-vaccine movement originated at the behest of a paper published in 1998. Former physician (his license has since been revoked)...

by Blerim Reka The business of fighting Covid-19 is now estimated at around $150 billion. As of March 2021, 354 million vaccine doses have been delivered – 90 percent of them to countries that are home to only 10 percent of the world’s population. If 65 to 85 percent of people have to be vaccinated to reach global immunity, then it is unlikely to happen this year. By the end of February 2021, 140 states had yet to see their first shipment, Kosovo among them...

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is...