Something Terrible Is Happening in Italy

This podcast episode explores the economic challenges faced by Italy, such as high national debt, an aging population, regional inequality, and sluggish growth. Despite these challenges, Italy's economy has unique features, including a large black market, and a history of resilience. The country has experienced cycles of rapid growth followed by stagnation throughout its history, and has faced political tensions, domestic issues, and external challenges. Italy's aging population and brain drain of young graduates also pose significant challenges for attracting and retaining skilled workers. The prevalence of small and specialized firms limits the adoption of technology and hinders efficiency. Italy's struggles reflect the difficulties faced by advanced economies in a competitive global market.