There is no doubt that we are constantly being surrounded by articles that emphasizes how polarized the income distribution of the world as it is now. Just last week, a report released by a group of politicians, business leaders and trade unions warned us that about two-third of global wealth would be possessed by just
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It is commonly believed that markets enhance efficiency. Markets prioritize companies that make bigger profits and to keep your profits high, you have to keep your costs low. As wasted resources add to cost, but not to the value of the final product, a profit maximizing firm will minimize waste. Problems may occur when resources
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In this year, democracy will once again be challenged in Latin America. Six different countries will hold presidential elections, and more than ten will celebrate parliamentary ones. The latter will have macroeconomic consequences for the development of the region. Investors expect a massive shift in financial markets…again. Political transitions are considered large economic drivers in
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Today’s article is by our guest writer Ozanay Bozkaya. He’s a second year student at McGill. While mainly interested in history, politics, and international relations, he also closely follows technological developments. As the title suggests, we live in an era of limitless possibilities… and YES, it does include ‘printing’ your very own ‘currency’ with no
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The fact that Spotify, the leader of music-streaming services market, is going public via direct listing, has attracted an overwhelming amount of media attention. The event is going to take place on the 3rd of April. Mass media often hype news regarding major initial public offerings (IPOs), but it seems that there remains a lot
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In recent decades, anti-immigrant parties have surged in the polls and entered most European parliaments. Since the last federal elections even Germany, which had not had a party right of the CDU since the Second World War, now has a right-wing populist party in the Bundestag. According to this Bloomberg article some of the reasons for
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