WRU: Private debt, inequalities and economic growth
WRU: World Wide Web of Wicked Wizards
“Capitalists earn what they spend, and workers spend what they earn.” – Kalecki
WRU: Apple, the chicken and the monkey
“Whatever I did, I have proof I didn’t do it.” – White Collar
China at a financial crossroad
Global inequalities are accelerating
“Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.” – Pope Francis, 2013
WRU: Economics’ failure
RMB internationalization: the Hong Kong offshore RMB center (Part 2)
RMB Internationalization: a bumpy ride (Part I)
RMB internationalization is a relatively new project initiated by the head of the Chinese Central Bank Mr Zhou Xiaochuan back in 2009. The inclusion of RMB has recently been granted to be part of the IMF currency basket. The goals of this article are firstly to analyze the factors leading to the process of “currency internationalization” and secondly to evaluate where the RMB internationalization currently stands
WRU: All hell China
“If the Communist Party can’t take sufficient political reform in five or ten years, it could miss the chance entirely. As scholars, we always say it’s better to have reform than revolution, but in Chinese history this cycle repeats itself. Mao said we have to get rid of the cycle, but right now we’re still in it. This is very worrying.” – Lifan Zhang, 2015
WRU: Creative destruction?
WRU: Globalization with Western characteristics?
“The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems — the problems of life and of human relations, of creation and behaviour and religion.” – John Maynard Keynes, 1945
Skyscrapers, bubbles and downturns: is history about to repeat itself in China?
WRU: Robotic inequalities
“To those who think that all this sounds like science fiction, we point out that yesterday’s science fiction is today’s fact. The Industrial Revolution has radically altered man’s environment and way of life, and it is only to be expected that as technology is increasingly applied to the human body and mind, man himself will be altered as radically as his environment and way of life have been.” – Theodore Kaczynski
WRU: Future cooperation
“Perhaps it is better to be un-sane and happy, than sane and un-happy. But it is the best of all to be sane and happy. Whether our descendants can achieve that goal will be the greatest challenge of the future. Indeed, it may well decide whether we have any future.” – Arthur C. Clarke