Answers to World Economic Forum’s 6 Key Questions on “Globalization 4.0”

The World Economic Forum recently asked readers for their ideas on how to answer six questions they identified that they proclaim "we must address to make Globalization 4.0 work for all." Suggestions can be sent in the form of short videos under a minute. Such shortness is not my strongest trait, but I wanted to … Continue reading Answers to World Economic Forum’s 6 Key Questions on “Globalization 4.0”

Quora: “What are the benefits and drawbacks of a global currency?”

My answer: A common currency even just for a continent like Europe has a lot of downsides and few benefits. In theory, a common currency will increase trade between countries as it’s easier for individuals to do so without having to worry about exchange rates and changing money every time one travels abroad. Still, with … Continue reading Quora: “What are the benefits and drawbacks of a global currency?”

Quora: “Why isn’t it simply ‘right’ to tax the rich (especially those who inherited their wealth) to support the poor and middle class?”

My answer: To answer I'll put your question in another perspective. Say you have $20 and I have $10. Why isn't it simply “right” for me to steal $5 from you, so we're even? Your question ignores the fluctuations in the economy. Classes aren't fixed, at least not in a Capitalist system. The “1%” or … Continue reading Quora: “Why isn’t it simply ‘right’ to tax the rich (especially those who inherited their wealth) to support the poor and middle class?”