The Real Life Basic Income Experiment

I'm very impressed with Finland. Not just for the country for what it is, but the government for daring to try out concepts which may potentially help its citizens. This latest one talks about how they did a social experiment to give 2000 unemployed people a basic income of $650 per month, without strings attached,… Continue reading The Real Life Basic Income Experiment

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Is the Stock Market Crashing Soon?

I think so. But what I think is insignificant. Let's hear what Harry Dent, a well known financial newsletter writer, has to say. Backed up by a demographic study, he believes that we are due for another crash the size of the great depression more than 80 years ago. The reason is simple. Baby boomers… Continue reading Is the Stock Market Crashing Soon?

The Silliest Thing Ever

Would you pay money regularly to shorten your own life? Who in their right minds would do that? Let's examine the first sentence holistically. Perhaps this is talking about people who pay for equipment to do extreme sports, such as high altitude flights to do sky-diving? Or motor racing, where you take the risk of… Continue reading The Silliest Thing Ever

Learning Points from Yanis Varoufakis’s TED Talk on “Capitalism Will Eat Democracy – Unless We Speak Up”

Yanis Varoufakis, Greece's ex finance minister, offers a perspective on how capitalism need not necessarily equate to democracy. https://www.ted.com/talks/yanis_varoufakis_capitalism_will_eat_democracy_unless_we_speak_up 1. It is a common mistake made in the west that capitalism will naturally beget democracy. Examples are found in Lee Kuan Yew's Singapore and other similar acts in Beijing. 2. Capitalism has given rise to… Continue reading Learning Points from Yanis Varoufakis’s TED Talk on “Capitalism Will Eat Democracy – Unless We Speak Up”