I have recently finished reading the book “the seven sins of the Italian economy” published by Feltrinelli and written by the Italian almost-premier Carlo Cottarelli. For those who don’t know him, he is an Italian economist and former Director of the Fiscal Affairs Department of the International Monetary Fund.
In the book, Cottarelli describes seven “sins” of the Italian economy, responsible of slowing down the country’s economic growth. I have found the book of particular relevance for both its objectivity and for the author’s clarity of thought. These seven sins can be divided into two categories, the long-standing ones and those more recent. Those that are within the Italian economy’s DNA make most of the list, these are: tax evasion, corruption, slow justice, excessive bureaucracy and the disparity between the North and the South. On the other hand, the most recent ones are: the fast aging of the population and the difficulty of Italy in adapting to the common currency. In this brief article I will only focus on the first sin, the one on tax evasion. Continue reading “A brief summary on the last book by Cottarelli: “Seven Sins of the Italian Economy”.”