Posts

Steady-State Economy: Venezuela

Image
  Notes Wikipedia Crisis in Venezuela   An ongoing socioeconomic and political crisis began in  Venezuela  during the presidency of  Hugo Chávez  and worsened under his successor  Nicolás Maduro . It has been marked by  hyperinflation , starvation, [ 57 ]  disease, crime, and mortality rates, resulting in  massive emigration . [ 58 ]  Food shortages and hyperinflation have ended, but inflation remains high. It is the worst economic crisis in Venezuela's history and considered more severe than the  Great Depression in the United States Economy of Venezuela   a  developing   socialist  economy strongly dependent on its natural resources. Its economic growth is closely linked to  petroleum ,   as the country holds the largest crude oil supply in the world.  Venezuela was historically among the wealthiest economies in South America, particularly from the 1950s to 1980s. Hyperinflation in Venezuela...

Stabilizing the Export Controller: Switzerland (1950-2000+)

Image
  In an earlier post, Steady State Economy for Switzerland ,  You can run both positive and negqtive shocks to the  CH_LM  (Late Modern) model   on my Google Site. Notes The best forecast (using the  Akaike Information Criterion ) is the  CH_LM  (Late Modern) model driven by Western Europe (the dashed red line in the graphic above, state-space model presented below). Notes Wikipedia Links Economy of Switzerland   a  highly developed   free-market economy . The Swiss economy has ranked first in the world since 2015 on the  Global Innovation Index  and third in the 2020  Global Competitiveness Report .  According to  United Nations  data for 2016, it is the third richest  landlocked country  in the world after  Liechtenstein  and  Luxembourg . Politics of Switzerland   a  federal state  with  representative democracy . History of Switzerland   t he  ...

Steady State Economy for Switzerland

Image
  June 14, 2026 Switzerland Rejects Measure to Cap Its Population at 10 Million  NY Times.  The referendum was about limiting migration after the number of residents rose by more than a quarter since 2000, but it was framed around affordability and sustainability. Notes The best forecast (using the  Akaike Information Criterion ) is the  CH_LM  (Late Modern) model driven by Western Europe (the dashed red line in the graphic above, state-space model presented below). Notes Wikipedia Links Economy of Switzerland   a  highly developed   free-market economy . The Swiss economy has ranked first in the world since 2015 on the  Global Innovation Index  and third in the 2020  Global Competitiveness Report .  According to  United Nations  data for 2016, it is the third richest  landlocked country  in the world after  Liechtenstein  and  Luxembourg . Politics of Switzerland   a  federal s...

Steady State Economy for Germany?

Image
  Jun 1, 2026  Germany Has Lost What It Did Best  Pro-growth handwringing. The IMF ( here ) among other commentators ( here ) think that the German economy is in trouble. The conclusions are based on the assumption of  Unlimited Economic Growth . What if the techno-optimist assumption is wrong? What if growth cannot continue forever and our macro-TechnoSocial systems must become  Steady State Economies ? Is there any evidence that any economies are already reaching Steady State and what are the implications, good or bad, if they are? HINT: from the graph above, the Deutsch Empire ( DE ) has been in a steady state since 2010. I'll explain all this in a future post. If you want to experiment yourself with the DEL20 systems model, you run it on line and experiment with coefficients  here . Notice that the two  error correcting controllers  in the Measurement Matrix are ( EF-GDP ), the  Ecological Footprint  compared to aggregate production ...

World-System (1800-Present) Western Europe Growth and Collapse

Image
 

Demographic Collapse in Italy? Or, Steady State?

Image
 

A Steady State Economy for Italy

Image
Italy has been called "The Poor Man of Europe" simply because growth is slowing. The name-calling is based on the assumption that economies are supposed to grow forever. In a finite planet, the assumption is unreasonable. From the IT_L20 Model , Italy is forecast to be approaching a Steady State Economy after 2045 (see the graphic above). Why is this happening and is it a Success or a Failure? Notes Run the ITL20 Model in  R-code  ( here ). For more of my post son Italy, see the Blog Roll here . Wikipedia Links The Economy of Italy  a  highly developed   social market economy .  It is the third-largest national economy in the  European Union , the  8th-largest economy in the world by nominal GDP , and the  12th-largest by PPP-adjusted GDP The Economy of Fascist Italy  the economy in the  Kingdom of Italy  during the  Fascist period . The Politics of Italy  conducted through a  parliamentary republic  with ...