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This page contains research on the concept Calibrated Capitalism. It is a work in progress which covers various domains of law and economics, including topics like state capture, cryptocurrencies, money-laundering and central bank policies. The main aim is to form an accurate picture of the economic status quo in Europe, the Eurozone in particular and formulate a more successful economic model than the existing one.

2026

El Ladrillo (The Brick) - a key document behind the global Unipolar economic model

El ladrillo was an economic programme composed by economists who studied at the Catholic University of Chile, later known as the Chicago boys, due to their training at and connections with the Chicago School of Economics. It contained a plan for structural overhaul of the Chilean economy, and had significant impact on the shape of the global unipolar model that underpinned the era since the Cold War. The document can be found below and was downloaded from https://www.memoriachilena.gob.cl/

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Neoliberalism and Social Market Economy explained by Rolf Lüders: Relevance for the EU in understanding the early stage and later stage variant (excerpt from Buenos Aires Times, 3 nov 2025)

Below is a link to an interview with one of the last 'Chicago Boys', Rolf Luders. He explains both the concepts of Neoliberalism and Social Market Economy, implementation changes in 1982 in Chile and how it differs from the unrestrained 'libertarian capitalism' without/with technically no state and why it does not work according to him. The relevance of this analysis for Calibrated Capitalism is that it sheds light on what challenges can be expected to this model in a liberal democratic context, how to protect it and what kind of risks there are on the outskirts, from competing models, or potential blowback from the rough edges of the earlier variant. This may be especially true for the Eurosystem as it has adopted this moderated social market economy that respects liberal democratic rules, while competing against autocracies and illiberal regimes. You can find the article below or read the excerpts. https://batimes.com.ar/news/economy/milton-friedmans-last-chicago-boy-has-warning-for-javier-milei.phtml

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