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Ray Dalio, Founder of the World's Largest Hedge Fund, Says the System is Broken Of course, most progressives know what Dalio and others like him have been blind to all along. Without strong measures to restrain the worst of capitalism and force redistribution of wealth, this is exactly how capitalism always works - or rather fails to work. When you define success as being richer than everyone else, people will find a way to do just that. Whether it's fair, whether it's moral, whether it's legal; those are things for lawyers and ethicists to quibble over. Only ideologues and idiots
As it is known, the tension in trade relations between the United States and China in May 2019 reached a new level. Raising tariffs on Chinese goods and the actual ousting of «Huawei» from the US market was a powerful blow to the basis on which modern China developed. Restrictions or a total ban on the supply of rare earth elements to the United States may be one of the responses from the Chinese side. It should be noted that China is a monopolist in the export of rare earth elements today. Beijing, threatening to open a new front in a trade war with the United States, believes that these
... by the industry, the federal government, provincial governments and the media. It's ambitious to pack all of this into one thread but let's give it a go. Everyone with more than 6 brain cells knows that the world petroleum industry is in trouble and, as a high cost producer of dirty fuel, the Canadian industry will feel it first. Between oversupply due to fracking and being undercut by lower cost and much cleaner wind and solar, the industry is facing decades of downsizing. So, of course the reaction is to whip up a public panic about how Canada is losing millions, wait, billions,
Funny thing happened in Washington after the city of Seattle raised the minimum wage (which went to US$13/hr in 2016 and will rise to US$15/hr in 2017): https://www.scribd.com/book/321992619/Seattle-Minimum-Wage-Final-Report Interesting. As expected, higher minimum wages increase unemployment.