When population booms, inequality looms
The reason is simple - a larger population means more workers, which means the price of labour is lower, workers take home less while employers reap higher profits. It also means the masses will have to pay more for rent, property and goods in general, which mostly ends up in the pockets of the owners of capital. The rich gets...
Investors and the Alibaba Leap of Faith
Just watched CNBC news that Alibaba's Single Day sold $75 billions in world’s largest shopping binge, a lot of small merchandise from US. I am surprised. This makes you wonder if the I.P.O. would have made the Ant Group 'too big to fail' in the eyes of the Chinese Communist Party. In the U.S., 'too big to fail' means that...
No hurry to get the Covid-19 vaccine
When the covid vaccine is ready, I will not be in a hurry to get vaccinated. Why? First, there will be a limited supply of the vaccine. The people who are more exposed should get vaccinated first, i.e. the health care workers and the essential service workers. Second, the next level will be those who are more vulnerable. They...
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- Caoliangoh on Pakistan to nuke Israel if…
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