In recent months, Sinophobia in the mainstream media in the West, in particular in the United States, has resulted in widespread condemnation of China for its undemocratic and repressive social credit system. Never mind America has something similar. There are also big dissimilarities between China and the U.S. in this realm that beg to be Continue reading »
Economy
In 2020 and 2021, the wealthiest 1% of the world’s population took nearly two-thirds of all new wealth – six times greater than the wealth made by the poorest 90% of workers. And while billionaires get richer, global poverty is increasing, Oxfam warns.
The post Richest 1% Took 2/3rds of Global Wealth Since 2020 – Twice as Much as 99% of Population Earned appeared first on scheerpost.com.
As geopolitical winds tilt China and Saudi Arabia towards greater interdependence, Hong Kong could play a critical role in unlocking both countries’ strategic objectives. John Lee must position Hong Kong to deliver unique value in the emerging petro-yuan market in a way that complements Riyadh’s development as a trading centre for renminbi securities. A covert Continue reading »
Economic growth has been the holy grail of post-industrial society, but there is now mounting evidence that it needs to be slowed down for the sake of the environment. It is therefore a welcome sign that Mark Diesendorf reiterates the call for ‘Limits to Growth’ which has been voiced since the 1970s – largely to no Continue reading »
The NHS is being burdened by the scale of Britain’s health inequalities, reports Sam Bright
Richard Barnes laments the wilful blindness of many elites who go snow skiing while turning a blind eye to the causes of the high country’s dying landscape. Barnes says he mostly agrees with author Jeff Sparrow that the current economic system is to blame. Let me count the ways. This list of the top-10 errors Continue reading »
The Conservatives are gearing up for a ‘Big Bang 2’ deregulation of the City. At what cost?
Money promised to deprived areas after Brexit is instead being used to deal with the aftershocks of leaving the EU, reports Sam Bright
Data suggests that US dollar reserves in central banks are dwindling, as is the influence of the US on the world economy. This presents a unique opportunity for regional currencies and alternative payment systems to enter the vacuum. First published in The Cradle January 13 2023 The imposition of US trade restrictions and sanctions against a Continue reading »
The US is at war, and the dollar is at risk of imminent collapse. Australia’s lobbying of the United States as a good ally should focus on these issues above all else. I am aware that many readers will say oh dear, you must not talk like that. But it’s sensible to discuss the distance Continue reading »