A bicycle race in Bogota, Colombia, can involve charging through a crime-ridden slum, swerving down potholed streets to avoid drunken men and being chased by dogs. It’s not quite the Tour de France, but…
Colombia
High-risk investments turn bad in Colombia
The natural desire to help people who may have lost their life savings needs to be balanced against the fact of moral hazard: that by decreasing the cost of foolishness, you will increase its supply, writes Charles Richardson.






