When population booms, inequality looms
The reason is simple - a larger population means more workers, which means the price of labour is lower, workers take home less while employers reap higher profits. It also means the masses will have to pay more for rent, property and goods in general, which mostly ends up in the pockets of the owners of capital. The rich gets...
Investors and the Alibaba Leap of Faith
Just watched CNBC news that Alibaba's Single Day sold $75 billions in world’s largest shopping binge, a lot of small merchandise from US. I am surprised. This makes you wonder if the I.P.O. would have made the Ant Group 'too big to fail' in the eyes of the Chinese Communist Party. In the U.S., 'too big to fail' means that...
With You, For You Is Fake!
I never doubted this but not sure why people buy this motto so easily.... "Leave no one behind"? And yet cannot even allow minimum wage of $13000 because cost is too high, businesses will be affected. Again this was discussed on line, many netizens said $1300 is barely enough to survive in Singapore!!! We can have the world...
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