Today it is conclusive that Africa's socialist experiments failed, as did the state-led development approach. Not only was the heavily statist approach unable to develop African economies, but it made poverty worse.
A protest planned by hundreds of bank depositors in central China seeking access to their frozen funds has been thwarted because the authorities have turned their health code apps red, several depositors told Reuters.
State treasurers spoke out against the imposition of environmental, social and governance (ESG) scoring on public money in a June 8 press conference, with one official comparing it to the social justice-driven push for universal homeownership that he
A plan conceived by the Austrian central bank in 2015 to move 50 tonnes of their monetary gold from London to Switzerland has not been realized seven years later. Here is an introduction to what could possibly have happened.
Seeing that hyperinflation on a global scale isn't too far off in the future, I wanted to take the time today to address an important issue: when did the mass of Venezuelan society realize that they were living through hyperinflation? This is how t
"Arguably no country on Earth has benefited more [from the global economy] than China," he said. "The lack of reciprocity in the US-China relationship, including market access, is unacceptable and unsustainable."
Oil prices inched lower today as concerns over US recession fears (and China lockdowns) battled Washington rhetoric as the US energy secretary said the Biden admin has not ruled out export restrictions to lower fuel prices.
Russian President Vladimir Putin said in April that the government should revise Russia's approach in WTO by June 1. Now it seems that they're moving ahead with it as Russia moves to withdraw from WTO and WHO.
Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book, Currency Wars (2011), and in several other books in the years since.