July 2010

It’s amazing how quickly things can return to normal. You wouldn’t know it from watching CNN, but big segments of life in Haiti, including in the capital, Port au Prince, which suffered the greatest damage, have returned to what would have been considered normal in the days and months before the quake. There is plenty of destruction still evident, and tens or even hundreds of thousands of people living in tents or under blue plastic tarpaulins throughout the city and surrounding areas. But shops and restaurants and gas stations are open, petty street commerce has resumed, and children in clean, if faded, uniforms walk to and from school. [click to continue…]

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I present here a few paragraphs on wages and benefits, an excerpt from Human Action, a work by the famed Austrian economist Ludwig von Mises, who is the intellectual godfather of F.A. von Hayek, among other notables. I find it especially relevant because I have been working in Haiti for the past couple of weeks, my firm having won a contract to conduct a pre-feasibility study for an industrial park in the northern part of the country, which will accommodate garment manufacturers. [click to continue…]

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