The US used to be a free market economy where competition thrived and the law of supply and demand determine prices of goods and services. Unfortunately that is no longer the case. For the past few decades competition has become a dirty word in most industries and monpolies have formed to dominate entire industries. As …
Continue reading ‘The New American Normal: Long Live Monopolies !’ »
Russia has the highest murder rate in Europe. The rate is higher than Afghanistan and the US. Though it has deceased by 68% since 2000 Russia still tops the rank. All the developed European countries have a lower homicide rate than the US. Other than Russia, the only countries with a higher murder rate than …
Continue reading ‘Homicide Rates in Europe by Country: Infographic’ »
Inequality as measured by the Gini coefficients is the highest in emerging countries. Among developed countries, the US has the highest inequality which is not surprising. Inequality is also rising in the US due to a variety of reasons including tax cuts for the wealthy, lower tax rates on capital gains over labor income, etc. …
In the modern economy, the rich keep getting richer while the poor getting poorer. Inequality in wealth and income has been growing for many decades now and the wealth disparity between the haves and have-nots is especially wider in developing countries. In many developed countries also, wealth is becoming highly concentrated with a small group …
Continue reading ‘Levels of Wealth Concentration Across Countries: Chart’ »
Bear markets that occur globally have become frequent since 1912. Before that, for a long period of 64 years from 1848 thru 1912 there were no global bear markets and the entire stretch of 64 years was of peace and economic growth. However all that changes when World War I started in 1914. The following …