¿Qué oculta el canje de deuda con el FMI?
El gobierno cambió deuda al 3% por deuda al 13% y 14%... ¿qué hay detrás de esto?
La columna de esta semana es sobre cómo el gobierno de @petrogustavo es el que más ha enriquecido a los inversores de la deuda 👇🏻 https://t.co/EvbKgovbtN
Cuentas israelís difunden masivamente una imagen hecha por IA de manifestantes franceses dejando desnudos a ancianos. La imagen incluso fue difundida por la cuenta oficial de la policía francesa que ya la borró. En España lo difundió entorno de VOX.
HILO
https://t.co/Uu6BPoHpRI
Hay examigos (Oso Yogui), examantes (Aída Merlano), excontratistas (Enrique Guzmán Chams) de Álex Char que coinciden asegurando que pide coimas a cambio de negocios públicos. Innumerables investigaciones que prueban la concentración de contratos y compra de votos de su clan.
Pero jamás veremos un reclamo así al alcalde de Barranquilla por parte de @ABDELAESPRIELLA.
¿Por qué?
Porque el ruido de corrupción que molesta al presidente es el de quienes no son sus amigos. El de quienes no cuesta mucho insultar.
Se llama hipocresía y show.
Y ningún medio serio debería prestarse para difundirlo sin el contexto para entenderlo.
Pretty funny to see everyone blame this (rightly condemned, to be clear) on whatever their political bogeyman is: I've just seen people say that this is because of, take your pick, "communism," "Islamism," "third worldism," "Russia," and "China".
As if France needed any outside help to riot... Maybe some people need to brush up on our history, or read Victor Hugo's "Les Misérables"...
This isn't to romanticize the rioters in the least. A reminder that in Les Misérables there's the figure of Thénardier, a horrendous scoundrel who exploits the chaos around him, robbing corpses and fleecing anyone he can.
Every chaotic moment in French history has its share of Thénardiers, and this one is no exception.
It's just too easy, and actually useful to those in power, to blame this on outside forces. At the end of the day, this anger was made in France, is happening in France, and can only be solved in France.
And, as painful as it is to hear, if one studies history, this is pretty much exactly what's expected at the stage France is at.
People have studied this. Whether you take Ray Dalio’s six-stage cycle theory, Peter Turchin’s "elite overproduction" thesis or the Chinese dynastic cycle framework, they all come to the same conclusion: when debt piles up, public services crumble and those in power become incapable, the streets eventually explode.
In fact it's almost eerie how France ticks almost every box of most cycle theories:
- Fiscal distress (debt is 119% of GDP and we now pay more to borrow than Italy or Greece),
- Crumbling public services: a reminder that these protests (now turning into riots) started with high school students protesting over the state of education
- Political paralysis and a legitimacy crisis (Macron has an insane 82% disapproval rate, he's definitely lost the Mandate of Heaven...)
- Popular immiseration with a record poverty rate at 15.4% and a median wage at only €2,190 net per month for a full-time private sector employee (you can't even afford to rent a decent flat in any major French city with this)
"Third worldism" or "Islamism" isn't the cause of any of this: French governments didn't borrow like there's no tomorrow (the last balanced budget dates back to 1974!) because the "Muslim Brotherhood" told them to, and it wasn’t Putin or Xi who left French classrooms without teachers...
Sadly the reactions - scapegoating - are ALSO typical of this stage of the cycle: Dalio lists among the classic markers of Stage 5 the emergence of "scapegoat classes who are commonly believed to be the source of the problems" (https://t.co/eZNSyIq91x), alongside a "loss of truth in the public domain," with people more interested in hunting for culprits than looking for solutions.
So what is the solution? Well, the way the Chinese dealt with it was basically a reset - regime-changing themselves with a new dynasty claiming the Mandate of Heaven, usually after decades of rebellion and war. Not exactly a hopeful prospect...
There is also the exception where a dynasty managed what the Chinese call a 中兴 (zhōngxīng, "restoration"): profound reform from within before the whole house came down. It succeeded a few times (e.g. the Tongzhi restoration during the Qing dynasty) but usually could only buy a few more decades, rarely more.
In 1945, the writer Huang Yanpei famously asked Mao how to break free of the cycle (https://t.co/bMOcrM6G6c), framing it in those terms: "People are careful and hard-working at first, for bold measures are the only possible ways to break through difficult conditions. But when things gradually get better, people begin slacking off: laziness may spread through a long history and is impossible to be corrected when it becomes a common practice. Gradually expanded territory requires corresponding increases in talent, but when the latter is insufficient, the central control will become weak. In a word, no one can escape the 'vicious cycle' of dynastic rise and collapse."
Mao replied that democracy was the answer, because "as long as the people can supervise the government, the government dare not slacken." And Xi later added a "second answer" (https://t.co/p6iV5lUCNk): a system capable of "resolute self-reform".
The jury is still out on whether China has broken the cycle, but if France has any hope of escaping it, it will need both answers at once: a government that truly answers to its people, and very resolute self-reform.
One thing the answer definitely isn’t: turning on each other. In all these cycle theories, division and scapegoating appear on the way down, never on the way back up.
Paris looks like a war zone. What is the cause? The cost of living? Mass immigration? A mismanaged economy? Excessive spending on war? A crisis of political legitimacy caused by an unaccountable elite? Europe will likely be a very different place 10 years from now.
Professor Jiang: "If the Democratic candidates said... we will stop this war in Iran, or two, we will have a moratorium on data centers, or three, we'll force the release of the Epstein files, there would be a blue tsunami... But they don't say any of these three things."
La vía hacia el FMI, la ruta del tigre que nos lleva al fondo
Acudir al Fondo Monetario Internacional (FMI) puede dar liquidez, pero no resuelve la “bola de nieve” de la deuda pública.
De la Espriella sigue la receta extranjera que profundiza la dependencia del capital externo y exige más ajustes.
Colombia necesita un modelo propio que impulse el ahorro nacional y el crecimiento.
Lea la nueva columna en Semana: https://t.co/nsld9J48O2
“"Creo que ha llegado el momento de que Ucrania tenga un nuevo presidente." Trump.
EEUU los pone, EEUU los quita.
Nada nuevo.
Todo depende de los intereses del amo del cortijo geopolítico.
This is the only known picture from Epstein’s “wild” dinner with Peter Thiel, Elon Musk, Mark Zuckerberg, and Reid Hoffman.
Whatever you do, DO NOT SHARE IT!
They'd hate that.
If you wanted to see why the US approach to Venezuelan oil is both inefficient and begging to be corrupted just read this news item. Instead of offering oil fields through bids, the current system allocates it to Mar-a-Lago friends who flip them for $500M.
https://t.co/bwrrjkpTLG
Mi columna para hoy invitando a los colombianos a programar sus vacaciones de final de año en el Eje Cafero. Que acaba de ser calificado como el mejor destino cafetero del mundo.
https://t.co/1CIf4G93zT