Category Archives: mother country

Viva l’Italia! (2)

The figure above is taken from the website, a community of economists discussing especially on Italy and EU. On the X axis is per capita GDP, on the Y axis average MPs’ annual salaries in the EU (the currency is Euros).

The “I” outlier stands for Italy. Do you need further comments?


Viva l’Italia!

In Italy, from now on, if you feel you are victim of mobbing or unjust firing from your employer and you want to take him/her/it (big companies) to the labour court, you can by paying EUR233, not refundable (even in case you win the case). I suggest to the Italian government to extend this criterion on trials for  mafia, terrorism, money-laundering, corruption, etc. Probably, in a couple of years time we could get the documented cases of violation of workers’ rights, rackets, etc. to decrease significantly. Eventually, we will get rid of useless judges, courts, and Constitution. Reaching the first realised utopia of a country without crime. Honest people, migrate to our country, to live in harmony in the cradle of Roman law!

Italy is a Democratic Republic, founded on work. Sovereignty belongs to the people and is exercised by the people in the forms and within the limits of the Constitution. (Constitution of The Italian Republic, Art. 1)

Berlusconi’s defeat in local elections – The end of an era?

Belusconi’s empire in Italy seems at its end. In mayors’ elections, his party (PDL) lost a symbol of the Italian right wing, Milan, the Italian economic capital (PM’s home town, too!). The end of an era, maybe. However, nothing can erase the fact that he ruled Italy for almost 2 decades, influencing with his conflict of interest and numerous charges, his verbal violence and his populism. Berlusconi is one among the cause of Italian decadence nowadays, but it was the effect of the of the empty spaces left from politics in the 90s. Now, a new approach is necessary. Politics has to find its lost nobility in Italy (perhaps, not only in Italy), without spirit of revenge or deafness towards opponents’ reasons, though building a dialectic and democratic dialogue, based on shared principles, written in our Constitution.

The Italian vote on: Bloomerg, BBC, CNN, La RepubblicaIl Giornale.

The best of youth (with English subtitles)

To whom is interested to catch my incomprehensible country, where ‘may we want everything stays as it is, we need everything changes’ (Tomasi di Lampedusa) – watch The Best of Youth (La Meglio Gioventu’ by Marco Tullio Giordana), a masterpiece on Republican Italy’s history told truly through the gripping saga of a Italian family. Great direction, editing, actors, and soundtrack!

Below the trailer and the entire movie on YouTube (divided in parts, with English subtitles!)

part 2, part 3, part 4, part 5, part 6, part 7, part 8, part 9, part 10, part 11, part 12, part 13, part 14, part 15, part 16, part 17, part 18, part 19, part 20, part 21, part 22, part 23, part 24, part 25, part 26, part 27, part 28, part 29, part 30, part 31, part 32, part 33, part 34, part 35, part 36, part 37 (final)

Last years’ political debate in Italy was nonexistent…things happen in the world and Italian newspapers have to talk about our PM’s vices.

Tommaso Padoa-Schioppa’s death

He bravely stated “We should admit that taxes are a beautiful thing”…

An article in his memory (by By Thomas Klau & Mark Leonard)

Tax evasion, is it worth to fight it?

One of the main issues in Italy is tax evasion. Discussing with my friend Jorge, we concurred that contrasting it could finance the huge debt affecting “the Italian boot”. May exist any rational “unethical” economic reason different from collusive behaviours to justify tax evasion? Jorge and I discussed on the negative effect that fighting tax evasion could have on growth, leading people to save and invest less than when they used to when they could cheat on the State. On the other hand, the government could target part of the restored income in public expenditure (by definition spurring growth). Also, I believe a tax system ruling progressively everyone, could have a re-distributional function, arguably stimulating growth. Finally, it is important to notice that part of the tax evasion in Italy comes from criminal organizations’ activity (Mafia, Ndrangeta, Camorra, Sacra Corona Unita), that surely do not have in their interest the growth of GDP.

Some figures: Italian debt (2009): 110% of GDP (ECB); TAX evasion: €333 billions in 2009, about 20% of GDP (

Also, I want suggest you to read the Economist’s review on Alesina et al. 2010, who studied in a recent paper if political economic history shows a negative relationship between austerity policies and the probability of being re-elected.

See you next post!