All politicians call for improved economic growth. But perpetual growth is an impossibility. Here's why.
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.
A summary of the next Industrial Revolution - Industry 4.0 - and the expected social and economic changes this will undoubtedly lead to. We are currently near the end of the 3rd revolution and I think we will be moving almost immediately into the 4th Industrial Revolution.
China’s spectacular economic growth created a get-rich-quick mentality that has been easily exploited con artists.
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.
This essay deals with the impact of the current funding legislation in the democracy of South Africa.
Youths are the backbone of every society. Any country that wants to succeed in all ramifications must make sure that attentions are paid on them. Youths face unemployment and there are solutions.
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.
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.
Gross Domestic Product or GDP is an intricate calculation of many figures. GDP is mostly used to understand a country's economic power and development, but also to compare nations.
Gain insight into the efficacy of post-communist economic and political reforms and better understand Vladimir Putin's hold on power.
When China joined the world trade organization in 2001, it led to the beginning of true globalization. This opened up the world as a market for Chinese goods. Since then, China’s export volume has been increasing.
America needs employment. We need employment in order to pay taxes. The American automobile industry is in disarray but how can we the consumer help if we drive a foreign car? Must we buy an American car or can we make an impact by changing our gasoline station? Who is American? Who is paying American taxes? What you need to know may provide a job for your family members, your neighbors or even yourself. Read on - what you must know...
Paul Mason, C4 news anchor has written a new book on the future economic organization of our society. He argues we are reaching 'Post-Capitalism'. But is he right? I'll weigh up both sides to see.
In America, it is often argued that our jobs are being taken by immigrants and other countries. The fact is, this is not true. How can jobs be taken when we are willingly handing them over?
Presidential elections can bring big changes. But what effect, if any, does a presidential election have on the price of gold?
Stagnant wages, high and rising cost of living, and a culture that encourages spending as a way of driving the economy.
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!
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 market of counterfeit or fake products seems to be on a rise. In 2013, the industry was estimated to have been as large as half a trillion dollar industry.
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.
Economic growth, a very boring economic term, is actually very important to our future as a nation. Aside from the current world recession, other countries are far surpassing the United States’ economic...
With the politicization of absolutely everything in life, we have forgotten that civil discourse and ethics of leadership really do set the tone for all of society.
This list of the pros and cons of globalization attempts to give a summary of the essential for and against arguments employed by people when they debate the merits of globalization.
Since the beginning of the transitioning process in the 1980s, China has become a world power. This article explores the transition process in China and its main characteristics, accomplishments and consequences.
We all know what European leaders have told us in the news, but what is the truth behind this disappearance?
Economic Growth, meaning GDP growth, is dependent on only two factors over the long-term: Population Growth and Productivity Growth. Both were low during the last ten years and so was GDP.
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.
This article deals with quantitative restrictions and measures equivalent to quantitative restrictions (MEQR) in the European Union's concept of Free Movement of Goods.
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.
I think changes need to be made to the CEO compensation schemes in America. After reading about how tens of millions of Americans are earning less than $10.10 an hour while CEO’s are having
This article uses the principles of Modern Monetary Theory to explain the fate of dollars when the federal budget is in surplus. I touch upon economic contraction, removal of dollars from the economy, what would happen if America tried to pay down the national debt by buying back bonds, and what would happen if America tried to pay down the national debt by running persistent surpluses.
The discovery of natural resources, particularly of oil and gas, poses both significant positive prospects as well as negative opportunities.
The growing decline of the job market in West Virginia. Poverty is on the rise with many at a loss for what the future holds.
In 2008 and 2009, the Iceland economy suffered collapse brought on by a lapse in overseeing mortgages and failing banks. Icelandic banks offered CD rates to English customers that were very inviting.
The evidence of this study suggests that financial crisis was not avoidable. However, some issues must be taken into account depending on firms or banks that they choose in order to avoid a financial crisis.
Have you ever wondered which countries are the most hardworking in the world? Read this article to find out.
China's economic relationship with Africa is coming under increased scrutiny, as some now view it as predatory in nature, rather than working to boost economic growth in the region. This article looks at both sides of the issue.
This article will attempt to explain the general workings of America's fiat economy, concentrating on the monetary accounting. These explanations follow the principles of Modern Monetary Theory.
Economist Arthur Laffer is famous for his Laffer Curve which illustrates the fact that at a certain point increases in taxes result in a decrease in tax revenue. While considered a radical new theory by many, this theory was first advanced 600 years ago by the Arab scholar Ibn Khaldun.
Has Cuban socialism benefited its people? This summarizes the pros and cons of socialism in Cuba and asks what the Cuban revolution has achieved.
Conservatives base their whole economic philosophy, & therefore policy, on false assumptions about how taxes impact the economy & human behavior. It isn't an academic concern & it impacts our lives.
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.
A thoughtful exploration of the difference between ancient Egypt's paradigm of cyclic stability and our current paradigm of continuous growth. How can we learn from Egypt's example while avoiding stagnation?
The United States Federal governement loves to spend money resulting in a large debt. Is this large national debt significant or should we worry?
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.
Rapidly developing artificial intelligence and robotic technologies have started to impact human jobs, a trend that will accelerate as these technologies become more sophisticated and refined. We face a future with massive unemployment due to artificial intelligence and robots taking over jobs.
Pennies are relics of an age when American coins were worth more. Now they are just bothersome novelties that have no real use and no longer should be made. Learn why in this article.
Just the term "balanced budget" makes me yawn. But this is so very important for the health of our economy that I felt compelled to explain why a balanced budget is so crucial.
This article uses Nike as a case study of globalisation and looks at the social and economic impacts of industrial development by TNCs.
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 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.
West African fisheries face grave challenges. This paper proposes how to resolve them or at least mitigate their difficulties.
I wrote this originally as a class paper in early 2008 to explore whether or not and how much globalization has affected the unions and whether or not this has had an impact upon our standard of living. I let the paper stand on it's own merits...
Acknowledging the time value of money empowers people to make better financial decisions and become better savers and investors.
NAFTA has had a controversial impact on the countries involved. This article explores the effects of the agreement on the United States, Mexico and Canada.
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.
Many of the tribulations in this world can be traced back to the basic problem of scarcity. In economics, scarcity is a fundamental problem that controls market conditions. Scarcity is also a key driver of technological advancement, specialization, and wars over resources.
The rich should pay more in taxes than the middle class or poor. A moral argument for why tax rates should increase as income increases.
Trading wars have been going on for too long. Each morning, the presidents of the two biggest global economies smile shaking hands, but evening comes, and new sanctions are declared by both sides. It’s become obvious that America is doing everything to suck the oxygen out of the yuan.
There are many who believe that the U.S economy may be losing its edge over foreign economies because of regulations like Sarbanes-Oxley and Dodd–Frank Wall Street Reformed Consumer Protection Act.
A description of left-skewed and right-skewed economies as well as an argument for the values of a free market society.
The Democrats regained power in the House of Representatives and many state legislatures in 2016. Their resurgence has created a schism between the new Social Democrats and moderates. This relationship and how it reflects on the nation at large is key to the party's future and that of the U.S.
The theories of free trade and fair trade are very complex. It is essential to begin at the basics in order to comprehend these economic foundations. Investorwords.com states that free trade is “international business not restrained by...
OLA cabs was born in India in 2010, Uber was incubated in the US in 2009 but made its Indian entry in 2013, and the rest is a cab-aggregating history.
There are many problems with globalization that need to be addressed including, exploitation, loss of domestic jobs, and the deterioration of ancient cultures. There are ways countries can live with
The cornerstone of our monetary is based on fractional banking. This, along with the Federal Reserve (I will discuss the Federal Reserve in another article) play an important role in the value of our money, the dollar. It also has a significant...
This article illustrates the difference between the unemployment rate and the Labor Force Participation Rate (LFPR) and why LFPR gives a more realistic view of our job market than the unemployment rate.