Tencent is not only the world’s largest game company; it also controls large shares of important markets in China such as music, social media, and films. Since April 2021, Tencent’s stock has seen a slow downward trend, falling from its highest closing price of HKD 757.00 on 14/2/2021 to HKD 266.40 as of 9/30/2022. This has been driven by anti-monopoly laws recently published by China, … Continue reading Tencent: The King of Video Games
Blood diamonds have in total caused 3 million deaths. The average blood diamond worker receives 5p per day. Statistics such as these, highlight the true socio-economic problems such as inequality and poverty that blood diamonds cause. Blood diamonds became a big issue in the 1990’s, when civil wars broke out all over Central and Western Africa, encouraging some of the governments and rebels within these … Continue reading Blood Diamonds: The Brutality behind the Bling
The 2017 Grenfell Tower Fire, which claimed 72 lives, served as a wake-up call to the inequalities in rich countries. Inequality, which is the variance in levels of wealth within a population, is globally measured using the Lorenz Curve. Figure 1: Lorenz curve for the UK (2018/19) In figure 1, the 45 degree line (red) represents perfect equality, and the more a Lorenz curve sags … Continue reading Education is the Remedy to UK Inequality
Wealth and income inequality have become focal points of social and political contention and are often conflated together by politicians. However, the two must be addressed separately. Wealth is the value of an individual’s assets and is often difficult to assess, monitor, and tax. Income includes various streams of revenue that a household or person earns, and drives well being and standards of living. But … Continue reading Should We Tax Wealth or Income?
House Prices are Falling The UK’s current housing market might shock much of the British population, as high interest rates have led to house prices being down 3% nominally and 11% accounting for inflation since their peak in August 2022. (Bloomberg UK, 2023) However, this surprise is understandable as UK house prices have been a one-way bet for a long time, consistently rising since 2012, … Continue reading Calm Before the Storm: Falling House Prices in the UK
Today, China is an economic powerhouse with the second highest nominal GDP (after the USA) and the highest GDP PPP (when GDP is adjusted for prices in a country) in the world. Yet just over 40 years ago, in 1981, it had a nominal GDP lower than that of Canada, a country that had a population 40 times smaller than it. The nominal GDP per … Continue reading Chinese Economic Growth, Against All Odds
etonomics.com 