> TED Talks Daily: 4 hard truths about #capitalism and #climate | Steve Howard
Episode webpage: http://go.ted.com/stevehoward
Media file: https://sphinx.acast.com/p/open/s/67587e77c705e441797aff96/e/69136067dac02c1fcface8c9/media.mp3
#economics
President Lee Jae-myung reaffirmed South Korea's commitment to the Nuclear Non-Proliferation Treaty, dismissing speculation about indigenous nuclear armament, and emphasized peaceful unification and expanded cooperation with Turkey in nuclear and advanced industries.
#YonhapInfomax
#NuclearNonProliferation #PresidentLee #SouthKorea #TurkeyCooperation #UnificationStrategy
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92058
Weekly Answer Round Up: Quality and Overlooked Answers From the Last Week – November 23, 2025 https://www.bocvip.com/1103077/weekly-answer-round-up-quality-and-overlooked-answers-from-the-last-week-november-23-2025/ #AskEconomics #economics
Has Britain become an economic colony? https://www.theguardian.com/books/2025/nov/23/has-britain-become-an-economic-colony #Artificialintelligence(AI) #Technology #Economics #Culture #Books
Forget human collusion; algorithms are the new price fixers! A fascinating read on how game theory enables even simple pricing algorithms to hike up costs.
Is this the future of inflation, decided by lines of code?
Read more: https://www.wired.com/story/game-theory-explains-how-algorithms-can-drive-up-prices/
#Algorithms #GameTheory #TechNews #AI #Economics
How do we even begin to regulate autonomous economic forces like these?
Gift economy is natural for human societies, and in a way our current transactional market economics couldn't even work at all if it didn't aim to badly approximate the dynamics of the gift economy.
The first problem with transactionality is of course the fact that the people who are in the greatest need of the good cannot immediately pay for it in barter. For this, market economics needed to have both fungible tokens of currency, and credit institutions providing debt. Neither is needed in a gift economy, but adding these to a transactional market economy makes a step towards a gift economy dynamics.
Then there are perishable goods. These are handled by treating rotating stocks as financialized assets. Real world goods and flowing services become to be replaced by indefinite paper stocks. A map becomes the terrain, and the ferryman can transport the cabbage, the goat and the dog at the same time across the river, at least in paper.
Of course transactional market economics still promotes hoarding, which hinders its function. The patchwork mitigation to this is making currency perishable, by inflation. However, this doesn't actually solve the problem because the capitalist system actually promotes concentration of capital which makes hoarding the way of the land again.
All this would work inherently better in a gift economy, and we're only approximating it badly with these patchwork mitigations on top of transactional market #economics.
China has brought millions out of poverty. The US has not – by choice https://www.theguardian.com/us-news/2025/nov/23/china-us-poverty-income-inequality #Trumpadministration #USincomeinequality #DonaldTrump #AsiaPacific #Inequality #Economics #Worldnews #Business #USnews #China
If the government gave a $1000 grant to all lower income students at private universities, would those universities just lower their private financial aid by $1000 and capture the whole grant? https://www.bocvip.com/1103024/if-the-government-gave-a-1000-grant-to-all-lower-income-students-at-private-universities-would-those-universities-just-lower-their-private-financial-aid-by-1000-and-capture-the-whole-grant/ #AskEconomics #economics
@gnoll110
There is a simpler way to draw out the point of Kohler’s soundbyte… More money is being funnelled to the higher end of town (Shareholders) and it is not coming back into the economy (hoarding) which results in a lacuna of investments (a portion of the profits going back into the ‘enterprise’ to make it more productive).
The thing I don’t get is that the biggest slice of our economy is the service industries where there are no ‘assets’ or ‘production’ involved. So the Q for Alan Kohler would be is the economy tanking because of the growing wealth inequity and what can be done about it. Besides #EatingTheRich
President Lee Jae-myung at the G20 Summit called for global cooperation to ensure equitable access to AI and critical minerals, pledging South Korea's active role in building resilient, inclusive supply chains and highlighting the nation's upcoming G20 presidency in 2028.
#YonhapInfomax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92057
The Era of Re-Civilization? https://www.bocvip.com/1102962/the-era-of-re-civilization/ #economics
Would having all housing operate at non-profit rates mean that any increases in a Land Value Tax burden mean that it increases rents? https://www.bocvip.com/1102960/would-having-all-housing-operate-at-non-profit-rates-mean-that-any-increases-in-a-land-value-tax-burden-mean-that-it-increases-rents/ #AskEconomics #economics
Governments create money. Households use money.
Governments must manage real resources, not bank balances.
Why the government is nothing like a household
https://www.taxresearch.org.uk/Blog/2025/11/23/why-the-government-is-nothing-like-a-household/
Via @RichardJMurphy #economics #mmt #neoliberalism #austerity
What do you think about this Chomsky’s argument against economic theory? https://www.bocvip.com/1102911/what-do-you-think-about-this-chomskys-argument-against-economic-theory/ #AskEconomics #economics
Tin tức kinh tế vắn đáng chú ý:
⛽️ Kể từ 1/6/2026, cả nước sẽ chuyển sang chỉ bán xăng E10, trong khi xăng E5 sẽ được duy trì đến hết năm 2030.
🏦 Từ 1/1/2026, các giao dịch ngân hàng sẽ không thể thực hiện bằng hộ chiếu nữa.
☀️ Các hộ gia đình lắp đặt điện mặt trời mái nhà mà không thông báo có thể đối mặt với mức phạt từ 10 đến 20 triệu đồng.
#tintuc #kinhte #vietnam #xangE10 #nganhang #dienmattroi
#news #economics #vietnam #gasoline #banking #solarpower
The dollar-won exchange rate is expected to remain elevated as US rate cut expectations grow, with market focus on the Bank of Korea’s policy meeting and foreign investor flows; KOSPI volatility and FX hedging by the National Pension Service may cap further gains.
#YonhapInfomax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92056
Kang Hoon-sik, Chief Presidential Secretary, has ordered a swift investigation and strict disciplinary action over allegations that a Yangyang County official abused sanitation workers, including harassment and forced stock purchases, prompting a coordinated probe by multiple government agencies.
#YonhapInfomax #KangHoonSik #YangyangCounty #WorkplaceAbuse #PresidentialOffice #Investigation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92054
"Larry Summers policy advice back in 2000 laid the ground for the hungry years of 2005–8 and the cost-of-living crisis of 2022–4.
Today we are still enduring the economic, social and political consequences of those crises - and of the changes made to the regulation of financial speculators in 2000.
And Larry Summers is still a tenured professor of economics at Harvard University"
#GlobalHunger #USPolitics #Economics
Larry Summers and the Hunger Games - by Ann Pettifor
https://annpettifor.substack.com/p/larry-summers-and-the-hunger-games?r=nle0&triedRedirect=true
President Lee Jae-myung met with Indian Prime Minister Narendra Modi and Brazilian President Lula on the sidelines of the G20 Summit, discussing expanded cooperation in economic, cultural, and security sectors, and agreeing to strengthen bilateral and multilateral ties across key industries.
#YonhapInfomax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92053
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