PhysicsA student got me thinking about how a sailing boat actually works, so I've been doing some research. It's very hard to find a comprehensive explanation.
Anyway, the way I see it, is we need to take into account three factors:
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Economics The universal governments' failure to employ market forces as a tool to expedite the rollout of Covid-19 vaccines is costing millions of lives and trillions of dollars.
When your apartment block is on fire isn't the time to discuss equity and fairness, and yet, that is exactly what has happened since the pandemic took hold early in 2020. In governments' haste to be seen as virtuous and principled, they have collectively taken their eye off the ball. The ball is the $10trn cost in forgone GDP over 2020-21 compared with the 20bln cost governments are expected to spend on Covid-19 vaccines over the same period. To put it another way, the cost of vaccines is only 0.2% of the loss to GDP. A little less heartache The Godmother app is a service that helps unite single working mothers with their children as well as relieve grandparents of the stress of looking after their grandchildren for extended periods.
Though prevalence differs between countries, more single mothers are being asked to work far from their home cities forcing them to leave their children under the guardianship of their grandparents for extensive periods. However, with correct networking, this unhappy situation could be alleviated. It's probably best to explain this networking using an example... Let's make the world fully democratic OVERVIEW
A democracy-indexed dependent trade block is a trade alliance which financially rewards countries which are democratic by collecting import duties from countries which are not. Such a concept might seem a bit extreme, but the world is turning towards autocracy, so this trend must be reversed. Democracy During the last decade, democracies around the world, have been watching over the demise of democracy around the world. I guess, after the fall of the USSR, we imagined that democracy would naturally grow from strength to strength without much effort, but now it's time for a wake-up call...
Renewable EnergyIn order to limit global warming to 1.5 degrees Celsius, carbon neutrality by mid-21st century is essential. Today, ships are responsible for roughly 3% of global CO2 emissions, emitting approximately 1 billion tonnes of CO2 per year. Presently, there are no alternatives to using oil or gas to power cargo vessels across the oceans, however...
Economics
Climate ChangeIt's easy to see mistakes with hindsight, however, sometimes there seems no excuse. An example that comes to mind is the splurge of subsidies for green electricity generation which has caused such a glut of power-generating capacity that it has deterred private investment. How did the economists not see that coming? Anyway, here's another one which economists seem to have missed...
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AuthorHi, I'm Christopher Taylor, and I mainly write about things that aren't what they seem. Forthcoming Issues IS MODERN MONETARY THEORY WISHFUL THINKING? TAX NEGATIVE EXTERNALITIES, NOT WORK WHY PROPERTIES ARE SO EXPENSIVE WHY HEALTHCARE IN THE US IS SO EXPENSIVE WHY SOMALI PIRATES ARE PAID SUCH LARGE RANSOMS DISCOUNT CLUB FAVOURING GOODS PRODUCED IN DEMOCRATIC NATIONS THE SUBDUING OF CHILDREN MUST STOP THE PEOPLES PROTEST BOT GERMANY'S SILENT CURRENCY MANIPULATION MONEY (THE LACK OF) IS NO REASON THERE IS ALWAYS A SIMPLE SOLUTION... WHICH DOESN'T WORK THE TICTOK-GENERATION MESSAGE TO PUTIN HOW COMMERCIAL BANKS LEND AN EU LEADERSHIP DEFICIT DUMPING ON AFRICA TO PAY PUTIN |