If the reduction of Social Security Contributions can be done without IMF’s approval, then we have missed this chance since 2013
In economics, “later” means missed chances. The reduction of Social Security Contribution is discussed since one year and a half, and when it finally happens, it might not generate the interest and confidence that entrepreneurs needed. On the other hand, the announcement that social security contributions will be reduced comes in a special context, where it is clear that it does not benefit
Capitalization for Businesses: Non-Taxation of Reinvested Profits
In some scenarios, agriculture and energy would be the strategic sectors that could bring a stronger economic growth in Romania. But, since always, and usually, the constant strategy of economic progress should be the profit, obtaining it, because beyond (strategic) circumstantial computations, the profit – as an economic principle and a state of affairs – is the engine that fuels
Where Does the Economy Suffer: the Institutional Quality of the Business Environment
Most of the times, economic performance is associated with a financial-quantitative context, which decadently captures the postmodern moral with respect to capital accumulation and business success: who invests money has success and vice-versa. Rarely this debate comes down coherently to the foundations of economic logic. Because who has time to discern on capital
The Crisis and the State: from European Realities to Institutional Imperatives
Anchored, by definition, in the logic of budget balance, the Victorian fiscal morality became today, in contemporary democracy, worthy to be displayed in the museums of economic history. Nowadays, the Keynesian doctrine – in its original version or in its reloaded post-crisis version – established a true status quo of budgetary deficits and public debts. Overwhelmed by the
The Crisis and Capitalism: from Marx to the “Smart Guys” on Wall Street
The recent crisis brought a new trend in economic and political debates, one according to which it is “cool” to be anti-, anti-market, anti-capitalism, anti-economy. Some kind of paradox of modernity, meaning a popular form of anti-system revolt, although if we take into consideration the “Occupy Wall Street” phenomenon, even only as a simple illustration, it is easy to
