Monthly Archives: February 2016


Luis Rubio Two have been the reactions to the announcement by government officials of budget cuts: some complain of the impact that these will exert on concrete programs, on public investment or on aggregate demand. Others criticize the cuts as too little, too late. If one observes, no one defends governmental spending for its virtues […]

Maladroitness and Opportunity

Luis Rubio The strangest thing about the Peña-Nieto government is its total indifference toward its own legitimacy. It is probable that the presidential team’s calculation lies in the eventual redemption that the projects and reforms it has undertaken produce, but that would imply that its actions in past years would render results of their own […]

Rule of Law event

The Grand Imbalance

Luis Rubio Charles Dickens, the celebrated British author who told of the enormous dislocation and impoverishment that the Industrial Revolution represented, began The Tale of Two Cities with extraordinary perspicacity: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it […]

The Problem of Inequality

 Luis Rubio In his book on inequality, Thomas Piketty obliged the world to confront a politically explosive matter. Although his critics have quashed most of the argument in technical terms, nothing can dislodge the political transcendence that inequality has acquired. Beyond its usefulness for electoral and populist ends, inequality is inherent in human nature; the […]