Nicolas-Costinel Negrea
Nicolas-Costinel Negrea
Student at the Bucharest University of Economic Studies, the Faculty of International Business and Economics; interested in comparative economic systems and international economics
The Puzzle of Political Trust in Romania

The Puzzle of Political Trust in Romania

No. 46, Mar.-Apr. 2024 In the field of political philosophy, the dynamic interplay between citizens and governance within the framework of a democratic system holds immense significance. The complex bond of trust forms the very foundation of this relationship, encapsulating the core essence of democratic governance. This trust, or its absence, gives rise to what I shall refer to as the "Puzzle of Political Trust in Romania," a puzzle that necessitates our meticulous examination. Romania, positioned in the crucible of historical and ideological transformations, presents a captivating case study for this enigma. As a nation that has experienced the ebb and flow of political systems and ideologies, the citizens of Romania find themselves at a critical juncture where the echoes of historical upheaval looms large over the present. Trust is not simply a theoretical idea; it functions as the essential connection that ties together the hopes of the public with the decisions carried out by their selected leaders. More


Techno-Socialism: The Illusions of Technology in Search of Utopia

Techno-Socialism: The Illusions of Technology in Search of Utopia

No. 45, Jan.-Feb. 2024 In the history of humanity, few ideologies have incited as much enthusiasm and controversy as socialism—a subject that has captivated the minds and hearts of many, stirring passions and igniting fervent debates. Its proponents proclaim it as the harbinger of a new dawn, promising to rectify perceived injustices and build a (utopian) society based on equality and solidarity. Socialism, in its various forms and iterations, purports to address the flaws of capitalism and create a fairer and more prosperous world. In a socialist society, it is believed that human nature will undergo a transformation; it will be purified of selfishness, and reshaped to create a new type of socialist individual. The desires of this individual will be compatible with the hard work, prosocial behaviors and devotion required to achieve the goals and fulfill the directives set by the socialist state. Socialism advocates for the abolition of private property, collective ownership of the means of production, and the centralization of economic power in the hands of the state, purported to be controlled democratically, but in actuality ruled by a dictator or a committee. Through this reordering of social relations, it is believed that a fair distribution of resources and wealth will be achieved, eradicating poverty, exploitation, and social stratification. More


Italy’s Economic Saga

Italy’s Economic Saga

Italy is one of the biggest economies within the eurozone, yet its debt burden now stands as one of the largest globally, surpassing 140% of its gross domestic product (GDP) in 2022. Italian debt spans multiple decades, with the country grappling with high levels of public debt since the 1980s, when the country’s debt-to-GDP ratio stood at around 60%, steadily mounting after that. The problem has evolved into a chronic predicament, persistently afflicting the national economy. The country’s heavy debt burden has caused the government to face higher borrowing costs, compounding the difficulty of reducing the debt over time. This situation puts the Italian economy’s stability at risk, as the slightest adverse change in the global economy can disproportionally hamper the country’s ability to repay its debts. More


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