December 16, 2017 On December 14, 2017 renowned economists Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo, Lucas Chancel and Thomas Piketty published a comprehensive and exhaustively researched World Inequality Report. Here’s a summary of what they found. Income inequality has increased in nearly all world regions in recent decades, but at … Continue reading
Category Archives: Economy
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July 30, 2017 Background According to the 2016 World Economic Forum, “the Fourth Industrial Revolution, which includes developments in previously disjointed fields requiring college degrees such as artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology, will cause widespread disruption not only to business models but also … Continue reading
Millions of Jobs To Disappear by 2020
The World Economic Forum (2016) warned that “the Fourth Industrial Revolution, which includes developments in previously disjointed fields such as artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology, will cause widespread disruption not only to business models but also to labor markets over the next five … Continue reading
Deeds, Not Ineffective Rhetoric
July 14, 2017 The comings and goings of the Trumps and Clintons are but skillful distractions from the grave issues afflicting our country and the world: climate change, the global water crisis, the flat-out refusal of the world’s nuclear powers to eliminate humanity’s sword of Damocles, the lack of commitment … Continue reading
Hydrogen Exports as a Specific Special Drawing Rights (SDR) Criterion
January 29, 2019 Western Reserve Currencies and the Quest for Dominance Historically, shifts in reserve currencies have brought pivotal changes in the global balance of power. Beginning with the 15th Century, which marked Western Europe’s global ascendancy, the currencies of the empires of Portugal (1450-1530), Spain (1530-1640), the Netherlands (1640-1720), … Continue reading
Distribution of Wealth in the U.S.
April 22, 2017 The Wealth Distribution In the United States, wealth is highly concentrated in relatively few hands. As of 2013, the top 1% of households (the upper class) owned 36.7% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 52.2%, which … Continue reading
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