How did finance lose its way?

In recent years, especially since the advent of the 2008 financial crisis, the worst one of the century, bankers have seen a spectacular nosedive in public approval. Many see them as the orchestrators of this crisis, and although they were not wholly responsible, it is true that banking, and more broadly the finance industry as a whole, has had systemic problems that are not even close to being solved to this day. Tales of plunging share prices and financial woe have been what today’s generation have grown up with; almost everything they have known has been financial negativity. It’s almost redundant to say at this point that a field which was created in order to benefit the public should really not be hoodwinking and failing them in the way which it has. Continue reading “How did finance lose its way?”

The American Dream: Detroit’s resuscitation

If one could epitomise the phrase “could have been” in one simple image, it would indubitably be the image of Detroit. The unyielding forces of time have taken a once great city and denigrated it to the status of one of not only one of America’s most economically destitute, but also one of its most dangerous regions. Nowadays, Detroit carries many of the hallmarks of the lesser developed countries of the world, especially with roughly 47% of the population being described as “functionally illiterate” by The National Institute for Literacy, a rate only 13.8% higher than that of Afghanistan. Despite this, Detroit still carries as much, if not more potential as it did in the 20th century, and is simply crying out for some economic solutions to its varied and diverse range of problems. Continue reading “The American Dream: Detroit’s resuscitation”