Economics Now
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Economics Now
Economics, Money, Business, Great Recession, Gold, Wealth, Property, Monetary Policy, Fiscal Policy, Currency, Banking, Debt
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Can The Agriculture System Of The Developed West Feed the World?

Can The Agriculture System Of The Developed West Feed the World? | Economics Now | Scoop.it
As Europe & US play out a charade of negotiations, it is Africa and Asia which is suffering from food shortages
2ndlook's insight:

Western farmers get more subsidy than the GDP of 125 countries in the world. One more crisis like the ongoing Great Recession – and these subsidies will have to go. When agricultural subsidies to Western farmers go, food from dinner tables across the West will also vanish.

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The Public Story We Don't Know About Secret Police That Controls Us

The Public Story We Don't Know About Secret Police That Controls Us | Economics Now | Scoop.it
Increasingly, power is getting concentrated in the hands of the few
2ndlook's insight:

If cornering wealth+resources is corruption, must we define Fortune/ FT /BWeek /Forbes-500 as corrupt or collusive? http://fb.me/QnevpSXj

Global media dominated by few~Reuters, Bloomberg, API, AFP; 6 Hollywood studios; 10 websites like Google, Bing, Yahoo http://bwbx.io/aoRK ;

 

Just 3 companies audit 98 percent of American cos. with revenue over $1 bln~Big guys dont rat on other big guys http://bwbx.io/qx3W ;

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Indian Gold Reserves. Forgotten History! New Opportunity?

Indian Gold Reserves. Forgotten History! New Opportunity? | Economics Now | Scoop.it
Estimated Indian gold reserves at 25,000-30,000 are twice of USA at 14000 tons, the next largest country
2ndlook's insight:

For 2000 yr of recorded history, India has been the largest gold buyer in the world~With an imminent currency collapse, what happens http://wp.me/p8KUL-4

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Rage, Anxiety In The West: BRICS Must Be Doing Something Right

Rage, Anxiety In The West: BRICS Must Be Doing Something Right | Economics Now | Scoop.it
If corruption is about cornering wealth, power & resources, look at concentration of power.
2ndlook's insight:

if corruption is all about cornering wealth, power and resources, look at concentration of power. http://fb.me/1P4n5gmmv ;

 

In US, Top-500 corps.+State, employ 60%-75% of work force~In 'inefficient' India, it is less than 5% of Indian labour http://bwbx.io/Up9a ;

 

West's global system works on mass-employment, low-entrepreneurial activity, surplus production with pollution, waste http://fb.me/1CwQqesD0

 

EU+US have 2.7 mln prisoners: Does rule of law mean extensive legal machinery to jail large numbers of people http://bwbx.io/Up9a ;

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Is India becoming an oligarchy

Is India becoming an oligarchy | Economics Now | Scoop.it
India has 2nd highest billionaires /trillion GDP in the world - Russia No.1
2ndlook's insight:

How does one measure concentration of power.

Today the most popular method is the Fortune /Forbes /Businessweek  /FT 500 listing of Top corporates. These listings demonstrate that half the world’s economic output is controlled by about 25,000 individuals. Add another 25,000 politicians and bureaucrats. We have about 50,000 people managing the lives of 5 billion people.

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