Cocaine and the Catholic Church

Jacob and Rob take a deeper look at a recent World Bank study that purports to show how countries can increase investment…and in so doing reduce poverty and inequality. They tease out some of the assumptions the report makes but also point out how to think about the countries that will succeed in a multipolar world. They also check in on a few geopolitical hotspots: the Red Sea, Ecuador, and Germany…before a mea culpa about Ethiopian Airlines. --Timestamps:(00:00) - Intro (03:14) - Red Sea Update(14:00) - The World Bank(24:40) - Let's talk about state institutions(32:43) - Multipolarity, protectionism, & the destabilizing influence of unchecked capital flows(40:53) - Germany(45:50)- Ecuador: What cocaine and the Catholic Church have in common(54:07) - USA, USA, USA--Referenced in the Show:Protectionism: https://www.fdiintelligence.com/content/data-trends/protectionism-trade-restrictions-reach-an-alltime-high-826372023 Global Cocaine Report:https://www.unodc.org/documents/data-and-analysis/cocaine/Global_cocaine_report_2023.pdfWorld Bank 2024 Economic Prospects: https://openknowledge.worldbank.org/server/api/core/bitstreams/7a21a380-5c54-4a8d-9c54-22180abb1adb/content--CI Site: cognitive.investmentsJacob Site: jacobshapiro.comJacob Twitter: x.com/JacobShapSubscribe to the Newsletter: bit.ly/weekly-sitrep--Cognitive Investments is an investment advisory firm, founded in 2019 that provides clients with a nuanced array of financial planning, investment advisory and wealth management services. We aim to grow both our clients’ material wealth (i.e. their existing financial assets) and their human wealth (i.e. their ability to make good strategic decisions for their business, family, and career).--Disclaimer: Cognitive Investments LLC (“Cognitive Investments”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Cognitive Investments and its representatives are properly licensed or exempt from licensure.The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisorThis podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacyPodtrac - https://analytics.podtrac.com/privacy-policy-gdrp