EppsNet Archive: Garry Kasparov

Who Will Be America’s America?

1 Mar 2016 /

And do not forget that nearly all of the countless 20th-century innovations and industries that made the rest of the developed world so efficient and comfortable came from America, and it wasn’t a coincidence. As long as Europe had America taking risks, investing ambitiously, and yes, being “inequal,” it had the luxury of benefiting from the results without making the same sacrifices. Who will be America’s America?

— Garry Kasparov

Talking About the Benefits of Socialism is a Capitalist Luxury

1 Mar 2016 /


Greece is Going Out of Business

9 Jul 2015 /

I remember the good old days when we only had to worry about small banks going out of business. Then big banks started to go out of business, then non-bank financial institutions, and now small countries.

The problem with having a lot of debt is that, with some exceptions (“too big to fail”), bad things happen when your investors get nervous.

My memory is not photographic as some of the legends about me say, but I am sure I would remember if the works of Adam Smith included the phrase “too big to fail.” — Garry Kasparov

What are the odds that people running companies or countries will make smart decisions about money if they don’t need to make smart decisions — if they can do just as well or better making dumb decisions and being rescued from the consequences?

According to the government debt chart below, the next countries in line for a day of reckoning are two more small countries (Ireland, Portugal) and a medium-sized country (Italy). Further down the chart are two big countries.

The United States, the biggest of the big, is not shown on the chart but is currently at 100 percent debt to GDP.

Government debt


When Will Snowden Denounce Russian Spying?

21 Oct 2013 /


Everyone Was Equal

20 Oct 2013 /

Or as fellow grandmaster Viktor Korchnoi wrote in his autobiography: “The Soviets were very successful: everyone was equal — equally poor.”