The year 2023 saw the hottest Summer on record in the northern hemisphere while those in the southern hemisphere felt the hottest winter on record. It was followed by a Fall with terrifying storms and floods across the globe. The number of people attributing climate catastrophe to economic growth is mounting.
Not all agree that growth is the problem. Some respond that growth is here to stay and that the concept of “degrowth” is idealistic nonsense.
New York Times published a news article “Greece, Battered a Decade Ago, Is Booming” by Liz Alderman, with additional reporting from Niki Kitsantonis (Monday, Sept. 25 / in print on Saturday, Sept. 30, Section B, Page 1 with the headline: “A New Era of Prosperity for Greece”). The article informs us that Greece was hit by an economic crisis […]
As the memory of President Ronald Reagan’s administration recedes, estimation of his deeds grows, and for good reason. A cursory look at his end-of-office stats impresses the casual observer — 67% increase in GDP, from $3 trillion in 1981 to $5 trillion in 1988, net job addition of about 18 million, reduction in the unemployment […]
To start with an anecdote of my personal intellectual history, I have to recall reading The Gulag Archipelago as a youth. There were two things that impressed me about this work although I later came to view much of the author’s assertions to be questionable and distorted. However, if one reads the entirety of Solzhenitsyn as […]
Polarization of the American public reflects the polarization of its political Parties, both of whom strive for ascendancy by demeaning, contradicting, and formulating proposals to wrong the other; each Party wrongs itself and the American public. The recent and periodic arguments concerning the proposed federal budget, an entrance for initiating threats to “close the government,” […]
Times of crisis can be glorious for some. The Great Depression bred its share of wealthy profiteers. The First and Second World Wars fostered many a multimillionaire. Over the bodies of millions, the returns for armaments companies were unparalleled. And during the current “cost of living crisis,” as it is so often dubbed, there are […]
This week’s News on China. • BRI investments increase, prioritizing smaller projects • Historic drop in FDI in China • Gig workers face lower wages • Movies from China aimed at Chinese audiences
As the mainstream media continues to make irrational and diversionary statements about the economy, facts show and experience confirms that people’s living and working standards continue to steadily decline. The economy continues to move in the wrong direction. Poor economic conditions persist, which is why the vast majority remain pessimistic about the economy and recognize […]
This week’s News on China. • US companies call for end to sanctions on China • China’s GDP grows 5.5% in the first half of 2023 • China plans to reach the Moon in 2030 • Shijiazhuang: City of Rock
While the monopoly-controlled media incessantly promotes disinformation, incoherence, and irrationalism about the U.S. economy, real people are experiencing harder economic conditions with each passing month. Below are 30 recent statistics that bear this out. ***** “More than half — 54% — of American millennials and Gen Z are still financially dependent on their parents, according […]
