Inequality and social mobility are hotly debated issues. One important indicator of social mobility are wealth-to-income ratios. If a country’s wealth-to-income ratio is high, the country is not necessarily wealthy. It merely implies that the monetary value of all assets in that country is relatively high compared to the incomes earned. The higher the wealth-to-income ratio, the harder it gets to climb the social ladder, if one starts from the bottom. It takes more years of work and income to reach any given position in the wealth distribution of society.

The most recent macroeconomic figures show that the Chinese slowdown is much more severe than expected and not only attributable to the covid-19 lockdowns.

Countries are in an economic arms race to surpass competitors by accelerating levels of human capital. It is crucial that schools and universities not only graduate students with relevant certificates but also people with the appropriate skills to make a useful contribution to the knowledge economy. The failure of employees to maximize value by applying their skills will result in businesses becoming saddled with liabilities because an inefficient employee is an expense.

Libertarians, liberty-wing Republicans, and other opponents of nondefensive wars are popularly misconceived as having an “every man for himself” approach to both economics and foreign policy. Of course, this is patently false in both cases, but this piece will focus on clarifying the latter.

Washington D.C., home of the monumental overreaction, is at it again, this time threatening China and the Solomon Islands over a security agreement negotiated between the two.

Forget the fact that 99 percent of Americans couldn’t point out the Solomon Islands on a map, or that we have dozens of military bases and installations in the region, some our Australian allies say we may need to preemptively invade – that according to David Llewellyn-Smith. 

Big Tech—in particular social media platforms like Twitter—has long been a complicated problem to Austrian economists. Obviously, the de facto position on it would be no state involvement whatsoever. However, this becomes complicated when one recognizes the rampant suppression and deplatforming happening right out in the open. This is an obvious problem, especially when we consider that it is often those promoting a divergence from the status quo—which Austrians certainly do—that find themselves targeted.

By now, it should be abundantly clear to all that the official US regime narrative on Ukraine is that one is supposed to be in favor of Ukrainian political independence. That is, we’re supposed to support the idea that Ukraine is a separate state that is politically independent from the Russian state. By extension, of course, the idea that Ukraine is a sovereign state also implies it is separate from all other states as well.