If you click above, the video should play right within my blog. Kate Wand slightly edited my AIER article "When I Knew More Than Hayek," and transformed it into a video she titled "Hayek, Covid & The Use of Knowledge in Society." This is the YouTube version of the video that "premiered" on Jan. It includes a couple of brief comments by me near the end. The above story, by reporter Brent Weber, ran on WOWT’s 10 PM news on Tuesday, Aug. Petition Seeks to Increase Nebraska Minimum wage Derek Yonai of the Koch Center for Leadership and Ethics posted on Tues., Mamy half-hour "Innovation Unbound" lecture on how regulations bind innovators. 3, 2021, I presented "Galilean Science: The Impediment to Progress When Science as Doctrine Wins Over Science as Process" at an Organisation for Economic Co-operation and Development (OECD) workshop on "AI and the Future of Science." I am grateful to Alistair Nolan for inviting me to participate.ĭr. The discussion is based on research that I am conducting for a chapter of my next book which will be on Less Costs, More Cures: Unbinding Medical Entrepreneurs. Brown's Cato Daily Podcast that was recorded on Sun., Apand was posted on Fri., May 27, 2022. I discuss "Policy Hurdles in the Fight against Aging" on Caleb O. The discussion was mostly based on my book Openness to Creative Destruction. I discuss innovation history and policies on the United Nations's Innovation Matters podcast in a conversation with Lars Anders Joensson that was recorded on Weds., Aug. Innovation Matters: Openness to creative destruction (part 1) - lessons from history. 14, 2021, and has the title “A Pricey Drive Down Montenegro’s Highway ‘From Nowhere to Nowhere’.”) Author Art Diamond Posted on SeptemSeptemCategories China, Communism, Economics, Government, Public Choice (Note: the online version of the story has the date Aug. “Montenegro, a Nearly $1 Billion Road to ‘Nowhere’.” The New York Times, First Section (Sunday, August 15, 2021): 4. Rocen has himself categorically denied owning Bemax.Īndrew Higgins. Djukanovic denied this, saying he had “of course” asked his adviser and been assured the claims were false. Djukanovic, Milan Rocen, a former ambassador to Moscow. Nebojsa Medojevic, a member of Parliament, claimed that Bemax was in reality owned by a close adviser of Mr. Nearly $280 million, more than half of the total amount of money paid to local subcontractors, has gone to a single Montenegro company, Bemax, formally owned by a onetime cafe owner who, before he moved into road building, had no previous experience in engineering work, according to MANS, the research group. Even so, its cost estimates were considerably lower than the more than $900 million charged by the China Road and Bridge Corporation to build the 25-mile, but particularly difficult, stretch of the highway.Īn earlier feasibility study, in 2007, by Louis Berger, an engineering company in Paris, warned that traffic along the proposed highway would not be “high enough to justify” investment “from a purely financial basis.” Montenegro’s new prime minister, Zdravko Krivokapic, who took over late last year from the government that signed the road and loan contracts with China in 2014, described the highway as a “megalomaniac project” that “goes from nowhere to nowhere” and badly strained his country’s finances.Ī 2012 study led by a British company for Montenegro’s Ministry of Transport warned that construction costs would be unusually high because of the mountainous terrain. Montenegro is now saddled with debts to China that total more than a third of the government’s annual budget. Struggling to support a family on her husband’s meager salary as a driver for the Chinese construction company that built the road, she is baffled that her country, one of Europe’s poorest, has committed so much money to a gargantuan, state-of-the-art engineering project. Mirka Adzic, a resident of the hamlet, Matesevo (population: around 15), said she was delighted there would soon be a modern expressway so close to home as it would save her from having to take a treacherous mountain track, previously the only access to the outside world.īut, much as she likes the new Chinese-built expressway - which is supposed to open in November at a cost of nearly $1 billion after six years of hazardous work, two years behind schedule - she doesn’t really understand it. 4) MATESEVO, Montenegro - One of the world’s most expensive roads slices through the mountains of Montenegro, soaring over deep gorges on towering bridges, before reaching its destination: a muddy field outside a hamlet with a few dozen houses, many of them empty.
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