“They have sown the wind, and they shall reap the whirlwind” (Hosea 8:7) The year is 2025, a time when technological advances flourish alongside the lingering echoes of past conflicts. From Huxley’s perspective, the world shines with advances in artificial intelligence, biotechnology, and digital connectivity, while humans struggle with the seductive …
More »A Tale of 2025
In 2025, world affairs are precariously poised between the bright horizon of technological ingenuity and the dark legacy of conflict. On one side stands Aldous Huxley's futuristic dystopia: a realm powered by artificial intelligence, biotechnology, and hyper-connected digital societies that promise longer, more carefree lives. On the other side is...
More »Chipped for War: The Dangers of the Technology Race
Once upon a time, in mysterious California laboratories in the mid-20th century, microchips were born as small, fragile dreams, barely whispering promises of a future in which machines would think faster than their creators. Engineers like Jack Kilby and Robert Noyce were the alchemists of this new world, turning sand into sheets of silicon, …
More »How badly is the global economy being hit by the coronavirus?
The epidemic in China has caused an almost historic slowdown in global trade in recent weeks. In Europe, the most directly affected are the large economies such as Germany, France and Italy. Italy and France recorded a decline in GDP at the end of 2019, while the total GDP of the euro area rose by only 0.1%. The situation may …
More »Ep. 26: Georgi Draganov on social networks and online censorship
Links: Censorship against PragerU The "social credit" system in China "War and Peace" For greater convenience, we recommend downloading the audio of the podcast by clicking on the "Download" button in the player above. Don't forget to like and share on Facebook and write a comment with your opinion and/or criticism about this …
More »Interview: Pin your hopes on radical decentralization
Interview with Hans-Hermann Hoppe for the Polish weekly Najwyższy Czas! What is your assessment of contemporary Western Europe and the EU in particular? All political parties in Western Europe, regardless of their different names and programs, gravitate around the fundamental idea of democratic socialism. They use elections to legitimize the taxation of the productive parts of …
More »What could the sell-off in US debt from China and other emerging markets be a sign of?
Record sales of US government securities by central banks around the world. The Chinese central bank is selling massively from its foreign exchange reserves, the Russian, Brazilian, Taiwanese — too. Although China is still the leader in holdings of US government securities for 1.4 trillion, it has thinned them by 200 billion dollars since August. The net …
More »The China Crisis: The Business Cycle in Real Estate and Capital Markets
In recent months, the state of the Chinese economy has been one of the most discussed topics in the business media. The bursting of the Chinese stock market bubble was one of the most discussed news stories this year, along with the decision of the Chinese central bank to cut interest rates to record lows. It seems that the Chinese economy …
More »The devaluation of the yuan – “market reform” or a desperate attempt to stimulate the economy?
In recent days, we have witnessed a sharp sell-off in global stocks. The negative trend in Asia, led by the stock market crash in China, has also spread to the capital markets in the US and Europe. The speculative bubble in the Chinese stock market is starting to deflate, and monetary authorities are doing everything they can to …
More »Is China facing a financial crisis?
Fears of a financial crisis in China have come to the fore again after, shortly before the end of 2013, 7-day interbank interest rates jumped to levels above 10% for the second time in the last 6 months. In response, the central bank intervened, injecting around …
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EKIP– Expert Club for Economics and Politics A Different Opinion