richelsmore
richelsmore
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richelsmore · 14 hours ago
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Is There a Crisis Facing Young Men?
There’s growing concern that young men, particularly in Western countries, are facing a silent crisis—one that’s economic, educational, emotional, and deeply social. This isn’t just a matter of “vibes” or internet discourse. The statistics paint a troubling picture. Economic Inactivity on the Rise Back in 1970, only 16% of working-age men in the UK were economically inactive. Today, that number…
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richelsmore · 2 days ago
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Poland's Rise: From Soviet Satellite to Emerging Superpower
Just over three decades ago, Poland was one of Europe’s poorest nations, ravaged by war, economic mismanagement, and Soviet control. Today, it is being hailed as a future economic and military superpower. How did this remarkable transformation happen, and can Poland sustain its momentum? A History of Hardship Poland’s central location in Europe has historically been more of a curse than a…
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richelsmore · 6 days ago
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Why Modern Economics is CRAP — and What We Should Do About It
A few years ago, I came up with an acronym. It wasn’t elegant, but it was brutally honest: CRAP — Completely Rubbish Approximations to the Truth. And sadly, that acronym applies to a huge chunk of what passes for economics today. Every day, we’re bombarded with economic analysis. On the radio, TV, in the papers, on social media — experts talk with certainty about interest rates, inflation,…
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richelsmore · 11 days ago
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They Didn't Just Buy Your Home. They Bought the Future.
Amira saved for three years. Three years of double shifts at Cuden Hospital. Skipping holidays. Eating beans on toast. She missed her brother’s wedding to take overtime. Shared a damp house with strangers who never did the dishes. All just to scrape together a deposit. She finally had it. She found the perfect two-bedroom flat. A new development. Modern kitchen. Clean lines. Walking distance to…
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richelsmore · 11 days ago
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Global Economic Shockwaves: Why the World Should Be Watching the Middle East
As geopolitical tensions flare in a lesser-known but economically critical region of the world, global markets are bracing for impact. While this area may not be front-of-mind for many, its strategic significance—particularly for shipping and oil—makes the current conflict a serious concern. A Fragile Time for the Global Economy According to economist and academic Mohamed El-Erian, this new…
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richelsmore · 12 days ago
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The “Genius Act” Is No Act of Genius — It’s a Threat to Democracy, Finance, and Freedom
In the United States, lawmakers are trying to push through a bill called the Genius Act — short for Guiding and Establishing National Innovation for U.S. Stablecoins. On the surface, it sounds like a forward-thinking piece of tech policy. But let’s be absolutely clear: this is no work of genius. In fact, it’s deeply dangerous. This isn’t about progress. It’s about power — and handing more of it…
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richelsmore · 19 days ago
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The 1980s: A Decade That Divided Britain
The 1980s were a decade of stark contrasts — a time when Britain reinvented itself, but at a cost that’s still being counted today. From Workshop to Casino As the proud industrial heartlands of the North faced terminal decline, the City of London boomed. Factories closed. Mines shut down. Whole communities were thrown into chaos. By the early 1980s, unemployment hit levels not seen since the…
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richelsmore · 22 days ago
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Was Britain Dying? The Real Story of the 1970s
When we think of the 1970s in Britain, it’s easy to picture rubbish piling up in the streets, endless strikes, runaway inflation, and even an IMF bailout. The power literally went out during the infamous three-day week. The country seemed to be unraveling—economically, socially, and politically. Headlines asked dramatic questions like “Is Britain Dying?”, and if YouTube had existed, it would’ve…
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richelsmore · 24 days ago
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The West, Technofeudalism, and the Collapse of Moral Authority
I am happy to celebrate the achievements of Western civilization — its literature, its scientific advancements, and its foundational ideas about human rights. Just as I embrace the contributions of Chinese, Indian, African, and all global civilizations, I view the sum of humanity’s progress as part of my shared heritage. But when a single civilization dominates, it must be examined more…
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richelsmore · 26 days ago
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Why Are Interest Rates Still So High — Especially in the UK and USA?
Interest rates. You might not think about them much — but they affect everything. Your mortgage, your credit card, the rent your landlord charges, even the price of your weekly shop. So when they stay high, like they are now, it matters. A lot. Right now, the UK and USA are still seeing long-term interest rates close to 15-year highs, while Europe is quietly getting on with lower rates and less…
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richelsmore · 28 days ago
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Why Won’t Rachel Reeves Scrap the Two-Child Benefit Cap?
When Economics—and Humanity—Both Say She Should The UK’s shadow chancellor, Rachel Reeves, has made it clear: she doesn’t plan to scrap the two-child benefit cap, unfreeze benefits, or reinstate the winter fuel allowance for pensioners. And honestly, I just don’t get it. These aren’t radical asks. The cost of these changes is relatively modest—around £8–9 billion a year, less than 1% of total…
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richelsmore · 30 days ago
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The Debt Paradox
The Shift to Fiat Currency and Borrowing in the US “On August 15th, 1971, Richard Nixon interrupted American families watching their favorite TV show to announce that he had directed Secretary Connally to suspend the convertibility of the dollar into gold.” This pivotal moment marked the transition of the United States to a fiat currency system, meaning the U.S. dollar was no longer backed by a…
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richelsmore · 1 month ago
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Could the USA Default on the Dollar? The World's Financial Safety Net is Fraying
It sounds unthinkable — the United States defaulting on its own currency. But in today’s world, it’s a question worth asking. In late 2023, Moody’s, one of the world’s biggest credit rating agencies, downgraded the US outlook. That’s not something they do lightly. And it’s sparked a wave of worry among economists, policymakers, and financial markets about the credibility of the US dollar as the…
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richelsmore · 1 month ago
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💧 The Water Bill That Keeps on Taking: How One Bad Decision Costs You Three Times Over
You probably saw the headline: inflation’s up again. According to the Office for National Statistics, the Consumer Prices Index (CPI) rose 3.5% over the last year. Not exactly shocking, maybe even lower than some expected. But buried in that tidy little number is a story about how you’re paying for a decades-old political decision again… and again… and again. Let’s break it down. 🧾 What’s in…
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richelsmore · 1 month ago
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The Global Savings Glut: Why Too Much Money Is a Problem
You might think that having too much money floating around the world would be a nice problem to have. But in reality, this global surplus of savings — what economists call a “global savings glut” — is creating major financial instability. It’s one of the key forces driving inequality, low investment, and even the risk of another financial crisis. This isn’t just theory. It’s happening, it’s…
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richelsmore · 1 month ago
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The Worst Thing the Rich Ever Did to the Poor
“The worst thing the rich ever did to the poor wasn’t taking our homes or our money. It was making us as selfish as they are.” This isn’t just a provocative line. It’s a reflection of how deeply economics, culture, and society have been reshaped—not just in policy or wealth, but in values. The Failure of Modern Economics I studied economics and mathematics at Oxford. I’m good at maths. But…
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richelsmore · 1 month ago
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Is Reform UK About to Shatter British Politics?
In recent months, we’ve pointed out that the British political system seems to be undergoing a dramatic realignment. The long-standing duopoly of Labour and the Conservatives appears to be crumbling—and at the centre of this shake-up is political maverick Nigel Farage and his Reform UK party. Up to now, the conversation has mostly centred around Reform overtaking the Conservatives to become the…
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