Sanders declared that America is “a racist society from top to bottom,” and that the American dream is “more apt to be realized in South America, in places such as Ecuador, Venezuela, and Argentina” than in the United States.
These stories, says Shiller, shape policy. Allan Sproul, the recently retired president of the Fed at that time, lamented that the “Federal Reserve System finds itself in the position of having to validate public folly and private greed by supporting increased costs and prices”.
Think of this type of local knowledge and interaction as generating countless small moments of accountability instead of a blanket rule. Clients aren’t being offered unlimited help; they’re people helped by other people who can react both socially and with actual aid in real-time.
Indeed, the complexity of the coming changes in the legal, political, and international landscape is such that any responsible economist should admit that he or she doesn’t know what’s going to happen.
Most research has pointed towards the understanding that psychopaths are born, not made and therefore cannot be cured. By attempting to heal or help a psychopath, you might actually be strengthening their cunning abilities, as they will find a way to manipulate you
Flooding western democracies with non-western people has created societies without social capital; societies that share no enduring bonds other than the quest to extract as much power and possessions possible from the political process.
A rich society that is not living up to its potential due to economic repression, i.e., restrictions on economic freedom, is a tragedy, even if it is more difficult to commiserate with people in such societies compared to those forced to live (often literally) in impoverished lands.
Over the next decade, geneticists are on track to identify thousands of variants associated with dozens of traits. That achievement will open up the ability to score genetic potential on those traits and thereby revolutionize the social sciences.
2018 US GDP is estimated at $20.5 trillion. World GDP is estimated at just about $85 trillion. The Pentagon’s accounting adjustments are not only larger than the entire US GDP, but have reached over 40 percent of world GDP estimates.
The trend attracts the megaliths of the agricultural industry to step in, having realised that the “plant-based” lifestyle generates large profit margins, adding value to cheap raw materials (such as protein extracts, starches, and oils) through ultra-processing.
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