Why war seems inevitable
Paul Frijters argues that the world’s billionaires hold sway over governments and some are at the point of lashing out. Global trade has greatly contributed to prosperity and peace since …
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The requirements of surplus
Michael Williams explains how inequality is preserved when there is enough for everyone. Modern economics purports to tackle the problem of scarce resources. In truth, our greatest challenge lies in …
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How a currency devaluation in Kazakhstan made the country’s poor worse off
It is the job of the government to keep a country’s economy in check. But sometimes policies don’t work out as planned. Governments often take economic decisions that follow specific political …
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Five richest men doubled fortunes after 2020, Oxfam says as Davos opens
The world’s richest five men have more than doubled their fortunes since 2020, the charity Oxfam has said, sounding the alarm about unchecked corporate power as business elites hold their high-profile …
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Is the opposition equal to the challenge?
Stewart Lansley provides a measure of the task faced by any party that might genuinely seek to tackle poverty in the UK. Labour’s shadow chancellor, Rachel Reeves, has said that a Labour …
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As Cuba’s private sector roars back, choices and inequality rise
Güines, Mayabeque – “Capitalism must be uprooted, parasitism must be uprooted, the exploitation of man must be uprooted,” cried Fidel Castro in 1968 to rapturous applause, explaining his decision to ban …
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World’s richest people added $852 billion to their fortunes in the first half of 2023
The world’s 500 richest people added $852 billion (about €780 billion) to their personal fortunes in the first half of the year, according to Bloomberg data. On average, each member …
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How holidaying in developing countries affects local inequality
A few years ago, one of us (Alex) went for a vacation to the Dominican Republic. The motivation was similar to millions of other tourists every year: escape the daily …
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US: CEOs got smaller raises. It would still take the average worker 2 lifetimes to make their annual pay
After ballooning for years, CEO pay growth is finally slowing. The typical compensation package for chief executives who run S&P 500 companies rose just 0.9 percent last year, to a …
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Money talks
Willy Diddens on why philanthropists think they have to evade tax. Call it branding, public perception, corporate image or optics, ultimately the great majority of people, businesses, governments spend a …
Money talks Read More