Re: Has capitalism run amok?
Where is capitalism failing today?
Capitalism is functioning within the given institutional structure, which includes tax laws, labor laws, government spending decisions, contract law, etc.
What needs to change in the system?
The system changes continually with changes in the application of the institutional structure and with the advancement of knowledge on how to use any given structure.
Currently, we have a floating exchange rate system in place, which is capable of sustaining full employment and price stability. This is a major advancement over the previous gold standard, which necessarily resulted in periodic recessions and depressions and allocated real resources to the production and accumulation of gold.
However, we continue to fail to recognize how to sustain sufficient demand for full employment and we fail to utilize techniques of government spending that will promote price stability; so, the promise of floating exchange rates has yet to be realized.
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Air pollution is up to five times over the EU limit in these Central London hotspots.
- Dirty air is an invisible killer, but an effective one.
- More than 9,000 people die prematurely in London each year due to air pollution, a recent study estimates.
- This map visualizes the worst places to breathe in Central London.
Meanwhile, Spaniards are the least likely to say their culture is superior to others.
- Survey by Pew Research Center shows great variation in chauvinism across Europe.
- Eight most chauvinist countries are in the east, and include Russia.
- British much more likely than French (and slightly more likely than Germans) to say their culture is "superior" to others.
It works better than other memorization techniques.
- Drawing something that you want to remember is more effective than using other memory techniques
- For older people with dementia or Alzheimer's, drawing stores memories in still-intact regions of the brain
- Even if you're terrible at drawing, it's the neurological underpinnings that make it worth a try
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