Understanding the impact of protectionism on a nation’s economic landscape is key to global economics. This was palpably evident in 1970s Malta under the leadership of Dom Mintoff. As a strategic embodiment of protectionism, the Maltese government introduced dramatic measures to bolster local industries, reducing foreign goods dependency. Among these measures, the most contentious was...
The 2023 budget strengthens the welfare state with 60% of the measures listed in the speech could be considered “socialist”. However, this form of social protection will have challenges in the future such as ageing population which will require a rethink of the system. In the post-Muscat era, the Labour Party is actively trying to...
Amid the economic turmoil and geopolitical tensions across Europe, Finance Minister Caruana unveiled the government’s budget for 2023. Broadly speaking, the budget is similar to recent ones presented by the Labour government. A common narrative of new taxes and an increase in a number of benefits to curb the effects of looming crises, as well...
People tend to accumulate wealth as they grow older. But is the wealth gap between today's youth and their parents widening? Recent data suggests that despite the higher wages, higher property prices and a more lavish lifestyle are among the factors which may explain a rising intergenerational inequality gap.
Silent Day is upon us so all that is left for us to do is analyse the numbers we may be getting next Sunday. We will start this analysis by taking a look at what the surveys are saying. The main takeaway points we have to look at to answer our question are: 1. there...
The current state of Maltese politics may have left you thinking “Is this the best we can do?” PN and Labour, which have taken turns ruling Malta for the last 90 years, are now seen by many as almost indistinguishable from each other. For some, this means that they are tainted with responsibility for environmental...