Dear elites: Did you learn your lesson?

Populism: The "overnight" problem 40 years in the making

  • A globalized, interconnected world doesn't necessarily work for everyone... especially on the rural (and hyper-local) levels.
  • While many got massively rich from technology and globalized trade it left many feeling locked out.
  • Anand focuses on the rise of Trump and the huge popularity of Bernie Sanders to highlight the fact that the majority aren't satisfied with the current state of capitalism.
Keep reading Show less

Mercantilism: The theory that explains Trump’s trade war

Mercantilism, the oldest thing in economics, is back in a big way.

FADEL SENNA/AFP/Getty Images
  • The use of tariffs by the Trump administration has confused more than a few leading economists.
  • The policy and the motivations behind them do reflect an economic theory with a long tradition: mercantilism.
  • Understanding mercantilism can help us understand why there is a call for more tariffs, and what might happen to the economy as a result of them.
Keep reading Show less

How super rich companies harm us all — and try to cover it up

Just because a company does incredibly well financially doesn't mean that it does any good for the people. How can we change that?

  • Huge corporations are often built upon the backs of very cheap labor. So while the stock prices go up, the lives of the workers goes down.
  • Corporate taxes could offset the harm that these behemoth companies do. But there's a lot of opposition to raising taxes.
  • Another option would be to classify companies entirely differently than we do now.
Keep reading Show less

7 prophetic writings by American presidents

These seven presidents had a window into the future—or were really good guessers.

  • Presidential candidates run on platforms of change and are elected by those who desire their vision of the future.
  • We look at seven times presidents' writings that have been oddly, if accidentally, prophetic.
  • Of course, there may be some hindsight bias in our selections.
Keep reading Show less

What would happen if America defaulted on its debt?

Sure we know it would be bad, but what do all of these scary numbers really mean?

  • At the press time, the value was $21.7 trillion dollars.
  • Lots of people know that a default would be bad, but not everybody seems to get how horrible it would be.
  • While the risk is low, knowing what would happen if a default did occur is important information for all voters.
Keep reading Show less