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.
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.
Most of the positive economic factors that Donald Trump brags about occurred during the Obama presidency, years before Trump became president.
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.
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.
Have you ever wondered which countries are the most hardworking in the world? Read this article to find out.
Pros and Cons of Capitalism defines capitalism; the theory of capitalism; positive effects of capitalism; creative destruction; Private Property; Capitalism vs Socialism; Democracy; Free Enterprise.
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.
A country's employment rate is one of the most important factors that both indicates its economic welfare and has a great impact on its economic development. This article examines this complicated issue by presenting the top 10 countries with the highest employment rate.
Has Cuban socialism benefited its people? This summarizes the pros and cons of socialism in Cuba and asks what the Cuban revolution has achieved.
Coronavirus is not the first sickness to be flashing in headlines of world media, and not the first to impact the world economy. And unfortunately, it won't be the last.
Fossil fuels—coal, oil, and natural gas—are currently the world's primary energy source. These non-renewable resources have fueled the global economy for centuries. However, they are finite resources, and a future without them is a very real prospect.
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.
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.
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.