It's a lie that we can't shut down certain businesses because there won't be anymore jobs. The truth is that where once humans had to work a long time to produce what they needed, that is no longer the situation. We can change the economic system so that we don't need jobs!
Are we headed for another recession? This article describes how the downturn of the Gross Domestic Product (GDP), the trade deficit, and the labor force participation rate can contribute to a recession and how an inverted bond yield curve can indicate a recession is forthcoming.
Capitalism's excesses are becoming too much for the world to bear. Three seminal events in the last eight years have highlighted this fact. The 2008 crash, Occupy in 2012 and Bernie Sanders' rise. Those are not three separate events, but a cascading evolution to something new, more sustainable.
It is widely agreed that automation in the form of artificial intelligence and robots will eventually displace a great number of workers throughout all industries. To what degree this will happen is not known. We will explore this as well as the concept of universal basic income as a solution.
The basic economic problem of all societies is that there are finite economic resources but infinite wants. Market economy and command economy are two economic models that address this core issue with different approaches.
Has Cuban socialism benefited its people? This summarizes the pros and cons of socialism in Cuba and asks what the Cuban revolution has achieved.
This will be a review of China's meteoric economic rise, and how it came at the expense of America. China has not only surpassed America, but it has perhaps crippled America's ability to recover.
The discovery of natural resources, particularly of oil and gas, poses both significant positive prospects as well as negative opportunities.
This article is a unique, detailed look at several reasons why the US economy is still bad—even in 2019. The mainstream media is lying to us about the real extent of the situation.
Tourism can be a great way for places to generate income and jobs... but it can also have downsides. Here is a list of the main advantages and disadvantages of tourism.
Capitalism and socialism. These two systems are two very different ways for society to go into the future, and both have strong supporters and opponents. I'm solidly a capitalist, and in this hub I will explain to the best of my ability why. Why is capitalism good? Why doesn't socialism work? Comments are welcomed.
Neo-liberalism was the brainchild of Milton Friedman and Ludwig von Mises. They convinced Thatcher and Reagan that a free market without regulation and low taxes would result in wealth for all.
The day President Trump was elected, our economy was in sad shape. In his first year in office, thousands of companies announced enormous new capital investments, employee raises and bonuses, and plans to hire more people. Unemployment went down to its lowest level in fifty years, and wages went up.
Raising the minimum wage to $15 isn't the solution for low-income workers since they’ll need to generate more than $15 to stay employed. Read why.
The world’s economy is evolving. From an economy that worked on exchanging physical goods for currencies and valuables, we’re now moving towards a digital economy, where services and goods are bought and sold over the internet.