Economy

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If People Could Immigrate Anywhere, Would Poverty Be Eliminated?

The Atlantic

In times when the opposite is back en vogue, it’s worth reflecting on this radical idea: Why not open all borders so that everyone can live and work where they wish? After all, why is it that in a globalised world, we accept that the place of birth remains one of the key determinants of someone’s chances in life? It’s not just a question of ethics, in fact, this article argues that it is an economic imperative to open borders.

Published in Weekly Filet #111

Understanding the Rise of Bitcoin

Storify

Virtual currency Bitcoin has been the talk of the town since Cyprus’ crisis. I read a lot, yet could not find one article that really encapsulates the phenomenon. So I compiled a set of five articles that will help you understand Bitcoin.

Published in Weekly Filet #107

Gangster Bankers: Too Big to Jail

Rolling Stone

If you and I supported terrorists and laundered money for drug cartels, we might be in a bit of trouble. But not if you’re in charge of running big business at the banks the financial crisis has taught us were «too big to fail». Matt Taibi reports in great detail how this can be and concludes: «An arrestable class and an unarrestable class. We always suspected it, now it’s admitted. So what do we do?»

Published in Weekly Filet #101

Punk Economics 5

David McWilliams

Before the economy breaks down, lets break down the economy. Starring: A whiteboard and a lot of colorful pens.

Published in Weekly Filet #77

How to Save Capitalism

TIME Magazine

Capitalism is here to stay. But it will have to change. Like it did numerous times in the past. Interesting perspective.

Published in Weekly Filet #53