April 4, 2013
Reposted from BBC News
Is Mongolia at the cutting edge of capitalism? Click here for video/radio.
Photo Credits: BBC
September 14, 2012Capitalist Exploits
About 24 hours ago Chris and I arrived in Yangon, Myanmar, formerly Burma. It’s a surreal place…
During the 45 -minute cab ride from the airport I felt a lot of emotions: excitement, angst, joy, desperation, hope, fear, scepticism and a hundred others. I’ve never been anywhere with this kind of energy. More…
September 14, 2012
Reposted from The Economist
WHEN Raúl Castro, Cuba’s president, gave his latest big speech, to a meeting of the National Assembly in July, he repeated his stock response to those who urge him to move faster with reforms to his country’s stagnant state-run economy. Change, he said, would progress “without haste, but without pause”. But many on the island are questioning whether the reforms—officially called “updating”—have indeed paused. More…
September 12, 2012Aljazeera
This July, the Obama administration finally acted on statements made by Hillary Clinton in May, issuing general licenses allowing for new investment in and the export and reexport of financial services to Myanmar. More…
June 24, 2012
Dear Sovereign Investor,
There are no motorcycles in Yangon.
Not a one. Anywhere.
That makes this Asian city unique. Bangkok, Jakarta, Phnom Penh, Shanghai … even Myanmar’s capital of Nay Pyi Taw… are all overrun by motorbikes and scooters. The legend here is that a motorcycle hit an army general’s car five years ago, and in turn he immediately outlawed the two-wheelers in the city. More…
March 23, 2012CNBC
In Corpus Christi, Texas, beans are being bagged by the thousands and shipped off to a country that for decades was considered forbidden. That country is, of course, Cuba and the beans being sent there are grown in North Dakota, according to WestStar Food President Pat Wallesen.
“When I tell people, they’ll ask, ‘What do you do?’ And we tell them we export some beans to Cuba and they’re like, ‘Well you can’t do that, can ya?’” he said. More…
March 19, 2012
Min Sovannry wasn’t born when the Communist Khmer Rouge took power in 1975 and abolished Cambodia’s money, markets and financial system. Now the 21-year- old college student can’t wait to embrace capitalism.
One of thousands of Cambodians who have attended more than 200 stock-trading seminars in Phnom Penh, Min said she plans to invest as much as one-third of the $300 monthly salary she expects to earn next year in the country’s stock exchange, which is scheduled to begin trading its first shares April 18. More…
January 30, 2012
Reposted from ft.com
By Bill Clinton
Charity alone will not solve the world’s problems. Capitalism can help and at the same time put people back to work. More…