No. In this two-part article I will argue that there are challenges to capitalism on the horizon which are virtually unsurmountable. There are good reasons to believe that in 30 years from now we will not see global dominance of market systems anymore.
FUKUYAMA VS. MARX
A few weeks ago, one of the worldwide most influential thinkers of the last 30 years visited Tbilisi to give a speech at the Free University: Francis Fukuyama.
Fukuyama became famous through his book The End of History and the Last Man (1992) which offers a reinterpretation of Hegelian id...
ISET Economist Blog
A blog about economics in the South Caucasus.
Oct
14
Oct
10
Democracy and Freedom Watch reported October 9, that “Georgia’s controversial new immigration law may be changed”. The law, writes DFW, “has caused a wave of confusion and irritation in the country’s expat community. Prime Minister Irakli Gharibashvili … told journalists that if any defects become apparent after the enactment of the new law, ‘we’ll surely correct it.”
Just a month earlier, confusion, irritation and public outrage were caused by another piece of Georgian legislation – a law greatly limiting the sales of non-prescription drugs (see Florian...
Oct
07
Winemaking is one of the oldest Georgian traditions that have survived to this day. Archaeologists have proved that the history of Georgian wine production reaches back into the past at least 8000 years. Arguably, this makes Georgia the earliest place on earth where wine was produced. And the tradition is alive – today there are not just big wine firms, but it is common among ordinary Georgians to grow grapes and produce their own, home-made wine.
The great history of Georgian winemaking has been acknowledged internationally. Since July 2012, G...
Oct
03
GEORGIAN “SUPRAS” AND POVERTY
Hospitality is one of the most prized aspects of the Georgian culture. Welcoming (literal translation: "respecting") guests is a matter of great pride for any family. My mother grew up in a small Imeretian village, and as she tells me, the kids of the family were not allowed to eat until the guests were fully "respected", i.e. properly fed. Even the poorest household in the village would go out of its way (and income) to impress its guests with a cornucopia of local delicacies, meats, veggies, and homemade wine. To this day,...
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