Thursday, July 2, 2009

Italian Economy is a Joke

I'm back from Rome but can't give up reading about the Italian economy quite yet. Found the Doing Business Project and it ranks Italy as, well, not that bad as a place to do business. So even though I spent my time in Italy getting progressively more depressed about the business climate there - and looking at the OECD region, they definitely still have plenty of room for improvement - it seems like things just aren't as bad as Aldo made them out to be.

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Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant. ~Fredrich Hayek in The Constitution of Liberty