For most of the last hundred years, globalisation felt inevitable — driven by technology that appeared to bring the world closer together. With the onset of the internet, supply chains became more complex and tightly interwoven, even between countries that wouldn’t traditionally see eye to eye, something that was seldom achieved by precursory trade systems. But lately, that momentum has started to shift. A growing … Continue reading Technological decoupling
Ever since the creation of money, when society disengaged from barter (trading goods with one another) and introduced a medium of exchange (money), humanity has most commonly tied the value of money to a commodity. For most of the first millennia, money was tied to silver or bimetallic standards. However these systems posed a significant number of problems, especially in times of economic crisis. As … Continue reading Gold Standard vs Fiat Money
Can Austerity 2.0 Bring Back Growth and Prosperity to the UK Economy? Introduction In October 2024, Chancellor Rachel Reeves announced a £40 billion tax increase, the largest since 1993, aiming to address the UK’s budget deficit and tackle the £22 billion ‘black hole’ from the Tories. Austerity refers to the policies aiming to reduce government deficits via spending cuts or tax hikes. Despite the Labour … Continue reading JKP Entry: Can Austerity 2.0 Bring Back Growth?
etonomics.com 