Should our economies take the road less travelled?

Photo by kakidai on Wikimedia, License: CC BY 3.0

Whenever the devil in you wants to see a spectacular economic fall from grace, look no further than Japan. After decades of strong economic growth, culminating with it becoming the world’s third largest economy in the latter part of the 20th century, growth has stalled in recent years, igniting strong fears regarding the long term future of the Asian country. From Japan’s much publicised ageing population to its astronomical debt to GDP ratio, the future looks bleak for Shinzo Abe and his countrymen, with no solution to its financial woes foreseeable. Regardless, if much of the developed world want to stop themselves from plunging into the same economic quicksand that Japan finds itself in now, they need to look at the country, and examine exactly where it went wrong. Continue reading “Should our economies take the road less travelled?”

President Trump: A nightmare for Americans

Photo by Michael Vadon, License: CC by 2.0

Despite outrage from the general populous at the bombastic Donald Trump’s campaign for President, a great number of Republicans continue to support him, and shockingly, he remains the overwhelming favourite for the Republican presidential nomination. This confounding support of Trump can, in truth, be narrowed down to a few key reasons, one of which is a disturbing lack of knowledge regarding actual policy, and a misguided focus on political rhetoric. In my honest opinion, the way to defeat Trump is not to simply slam him for his admittedly asinine stance on immigration, but to deliver a systematic breakdown of his economic policies, and explain how malevolent they would indeed be to the US economy. That is what I seek to achieve in this article; to provide a brief respite from his nauseating rhetoric and to inform the average American what a President Trump could actually mean for their day-to day lives, and indeed, the lives of people around the world. Continue reading “President Trump: A nightmare for Americans”

The sad state of Saudi Arabia

“My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel” – Rashid bin Saeed al Maktoum, Prime Minister of the United Arab Emirates, from 1958 to 1990.

In Saudi Arabia, where development only occurred from 1980, where oil underlies almost every facet of the economy, and where there are strained diplomatic relations with many other countries, it would be almost intuitive to suggest that the country would have a plethora of economic problems. Strangely, however, till now, that hasn’t been the case. Continue reading “The sad state of Saudi Arabia”