If the main argument against wealth is that it is won on the back of ordinary people, meaning on their expense, it can only be done in several ways - by force, that is plundering and violation of the law; by rules that favor some at the expense of others; through monetary policy which channels cash flows in one direction taking a little and sometimes a lot of everybody’s money (by depreciating them along this way) ; through fiscal policy that redistributes taxpayers' money in someone's favor. The rich earn on the expense of the poor when there is no supremacy of law, or when there is a form of crony capitalism. Free markets do not allow this to happen.
"Economic Policy Review" Bulletin ISSN 1313 - 0544
Back in late 2012, the European Commission put forward the notion of reindustrializing Europe. The main goal of that policy is to increase the industrial sector’s share in the European economy from 15.6% in 2012 to 20% in 2020. The target itself is easy to remember and is unlikely to be misquoted by European bureaucrats. As a Deutsche Bank analysis published at the very end of 2013 showed, it is just as unlikely to be reached in the foreseeable future.
After the debut in 2013, on May 9th, 2014 Sofia once again hosted the infamous “Free Market Road Show”. This year’s topic was “The Future of Europe at Stake: European Elections Ahead - What is Next for the Union?” The show lasted a full 4 hours and featured distinguished speakers and panelists from the country and abroad.
The self-defense reflexes of many European bureaucrats pushed them off the brink of a new type of populism – “European”. Unfortunately the present institutional structure of the Union doesn’t allow its citizens to combat this transnational populism, which in most cases is inspired by the European Commission. It also means something else – such populism rarely encounters institutional resistance as it generally reflects the interest of the professional European political class – namely, more and more secure power. The latter are certainly not liberal principles.
The IME presented the English version of the study “Regional Profiles: Indicators of Development 2013” on March 11th, 2014. The event was attended by representatives of leading foreign embassies and chambers of commerce and industry.
On February 6th 2014 the Institute for Market Economics organized a round table discussion, as part of the project “Regional Profiles: Indicators of Development”, carried out with the financial support of the America for Bulgaria Foundation.