A Belief In Meritocracy Is Not Only False: It’s Bad For You
Meritocracy has become a leading social ideal. Politicians across the ideological spectrum continually return to the theme that the rewards of life – money, power, jobs, university admission – should be distributed according to skill and effort.
In Venezuela’s Economic Crisis, Bitcoin Is a Lifeline
Faced with hyperinflation, a worthless local currency and a risky black market for dollars, Venezuelans are increasingly turning to bitcoin as a tool for survival in the world’s worst-performing economy.
Why America Doesn’t Win Wars Anymore
Dominic Tierney believes the US can still successfully fight the wars of yesteryear — World War-style conflicts — but hasn’t yet mastered how to win wars against insurgents, which are smaller fights against groups within countries. The problem is the US continues to involve itself in those kinds of fights.
Sitzfleisch: The German Concept To Get More Work Done
To have sitzfleisch means the ability to sit still for the long periods of time required to be truly productive; it means the stamina to work through a difficult situation and see a project through to the end. Angela Merkel has it in abundance – how do you cultivate this crucial skill?
The Great Wall Street Housing Grab
Wall Street’s latest real estate grab has ballooned to roughly $60 billion, representing hundreds of thousands of properties. In some communities, it has fundamentally altered housing ecosystems in ways we’re only now beginning to understand, fueling a housing recovery without a homeowner recovery.
Inside China’s Massive Surveillance Operation
Xinjiang, northwest China, is in a state of surveillance lockdown. Every message, word and movement is monitored for its extremist potential. A million Uyghur muslims are being held in concentration camps.
How Migration Could Make The World Richer
Many of the recent political shifts in the West—the election of Donald Trump, the rise of populism in Europe and Brexit—can be partially attributed to the fear of mass migration. Yet increasing migration is one of the quickest ways to make the world richer.
How Vladimir Putin Spends His Billions
Because of the shadowy nature of Russian economics, some even believe that Vladimir Putin is the wealthiest man on the planet, with a net worth in excess of 200 billion dollars. But most headlines focus on his high-profile international disputes and subterfuge. How does he spend his billions?
The Invention Of Money
When the Venetian merchant Marco Polo got to China, he saw many wonders. One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260.
Hagia Sophia: Church Of Divine Wisdom And Subject Of Global Dispute
Hagia Sophia has been the ‘apple of discord’ between the Greeks and the Turks, the ‘east’ and the ‘west’ for 567 years, but as history likes to repeat itself we are now witnessing a revival of this old dispute. A museum has been converted to a mosque.
Tourism Is Eating The World
The number of international tourist arrivals has been increasing more or less exponentially since the mid-20th century, and totaled about 1.4 billion in 2018. Europe has seen the biggest share, but the Asia-Pacific region is growing fast.
What Happens When Immigrant-Rights Advocates Reach A Breaking Point?
There has arguably never been a worse time to be an asylum seeker in the United States. This is due, in part, to an administration that has taken a xenophobic approach to immigration, with an openly hostile stance toward asylum seekers and their advocates.
Donald Trump’s Worst Deal
The President helped build a hotel in Azerbaijan that appears to be a corrupt operation engineered by oligarchs tied to Iran’s Revolutionary Guard. The Trump Tower Baku never opened.
New York City Paid McKinsey Millions To Stem Jail Violence. Instead, Violence Soared.
In April 2017, partners from McKinsey sent a confidential report to the New York City corrections commissioner. The report recounted that McKinsey had tested its new anti-violence strategy in what the firm called “Restart” housing units at Rikers. Violence had dropped more than 50% in the Restart facilities. The number was bogus.
The Radical Possibilities Of Not Paying Your Student Loans
For the millions of former students struggling to make their monthly payments, debt was sold to us as the cost of a better life. A growing movement poses the question: We have the numbers, so what if we just stopped?
The Making Of A Bedsit Nazi: Who Was The Man Who Killed Jo Cox?
Thomas Mair shot and stabbed the British MP as she made her way to a constituency surgery at the local library in Birstall, West Yorkshire, on 16 June 2016, a week before the EU referendum. He told the two police officers who arrested him that he was a “political activist”.
How McKinsey Destroyed The Middle Class
Consultants seek to legitimate both the job cuts and the explosion of elite pay. Rather than simply improving management, to make American corporations lean and fit, they fostered hierarchy, making management, in David Gordon’s memorable phrase, “fat and mean.”
Who Owns South Africa?
The Glen Grey Act was the first piece of legislation to enshrine in law the residential separation of the races. It was also the basis for the notorious Natives Land Act of 1913, which in its final form allocated a mere thirteen percent of all arable land to the black majority.
The Rise And Fall Of Facts
Because fact-checking these days is primarily the domain of legacy print publications, it retains that sheen of legitimacy and seriousness. To fact check is to assure readers, writers, and editors that great care is being taken.
What Do We Call Boomers Who Are Just As Screwed As Millennials?
The rise of hustle culture is often attributed to millennials, but when it comes to grinding in the gig economy these days, Boomers are leading the way. According to Uber, 25 percent of its millions of workers are over 50, with more drivers over 50 than under 30. Meanwhile, Boomer homeowners are the fastest growing demographic for Airbnb.
Nine Trillion Dollars: Global Trade Hi-Jacked By Criminals
Global Financial Integrity (GFI) analysts have identified a global trade ‘value gap’ of $8.8 trillion between what states declare as the value of trades with other countries – and what their trade partners declare for the same deals.