Authoritarian Economics
An authoritarian government is one which favours obedience to authority over personal freedoms, political pluralism and democracy. Often, this involves the use of strong central power to maintain the political status quo, without meaningful checks and balances. Such regimes are often notorious for economic mismanagement, as they prioritise the interests of the ruling class over that of the general public. Yet while this has often … Continue reading Authoritarian Economics
The legalisation of Sports Betting, for better or worse?
In recent years, the landscape of sports has witnessed a significant shift with the widespread legalisation of sports betting in various regions including Brazil, Italy and Canada. Of course, this shift has come with problems, but the legalisation of sports betting has been able to fund public initiatives and stimulate economic activity throughout the globe. This article aims to cover the positive outcomes of legalised … Continue reading The legalisation of Sports Betting, for better or worse?
The Economics of Coffee
Coffee has become an indispensable drink throughout the world – over 2.25 billion cups of coffee are consumed across the globe every day. The coffee industry provides tens of millions of jobs for many, from manufacturing and producing the coffee and coffee beans, over 90% of which takes place in developing countries in regions such as South America, to selling the coffee in stores. In … Continue reading The Economics of Coffee
Fueling Fortunes: The Economics of Formula One
“They say Formula One is a market, which it can’t be, obviously. Our market is independent – it’s a sport.” – Bernie Ecclestone Overview With over 75 million people tuning in to watch each riveting race, Formula One (F1) is by far the most popular racing league worldwide. The season usually runs from March to November, with races occurring on a bi-weekly basis. Formula One … Continue reading Fueling Fortunes: The Economics of Formula One
Bust to Boom: Greece’s Economic Resurgence
It’s the summer of 2004 and Greece is at the centre of the world. Their national football team has just defeated hosts Portugal in the final of the European Championship to complete one of the most remarkable sporting underdog stories. In just a month, the Summer Olympics will be returning to the birthplace of the ancient Games – Athens – after a period of 108 … Continue reading Bust to Boom: Greece’s Economic Resurgence
Can we solely rely on printed money?
Taxation is the most significant way in which a government receives its income. Last year, the UK government raised around £1,017 billion in tax revenue, accounting for approximately 40% of GDP. A similar trend is seen within governments worldwide, with tax revenue being the primary source of government income. Governments tend to rely so heavily on tax revenue, but it is necessary to consider other … Continue reading Can we solely rely on printed money?
Christmas News Roundup
We’ve summarised the key news stories from over the Christmas break into a briefing to get you up to date with everything that has happened. You can subscribe to receive the briefing in your inbox each week using the button below. UK Economics World Economics UK Politics World Politics Written by Alex Duguid Continue reading Christmas News Roundup
AI and the Workforce
Imagine a world where robots and smart computers work alongside humans, changing the way we do our jobs. Well, that world may come sooner than we think with the rapid development of artificial intelligence (AI). Ever since its invention in the 1950s, AI has been getting smarter and more common in our lives, to the point where it can now interact with humans, such as … Continue reading AI and the Workforce
Why is Saudi Arabia pouring billions into Sports?
In recent years, Saudi Arabia has made waves in the sporting world, signing numerous football superstars like Ronaldo and Neymar while also hosting golf icons on the LIV golf tour. The substantial salaries offered make these deals hard to resist. But what motivates these significant investments? Saudi Arabia’s influence on sport has sparked global controversy, with many claiming that all of this will ‘calm down … Continue reading Why is Saudi Arabia pouring billions into Sports?
Could this be the greatest financial investment ever made?
In 2001, South Africa based Naspers made an investment in a relatively unknown Chinese firm named Tencent. This shrewd move has since become world renowned as one of the most lucrative and profitable “investments” in the history of investing. Naspers, a small, local multi-media holding company under the stewardship of Koos Bekker, invested $32 million in Tencent, acquiring a 46.5% stake. This early investment was a significant boost for Tencent, providing the financial support and lasting partnership needed to expand and develop its products. Thus it … Continue reading Could this be the greatest financial investment ever made?
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