To which countries do Millionaires move?
Thre is a growing trend of wealthy individuals migrating from their home countries. In 2022, approximately 88,000 millionaires left their homelands, with Russia, China, and India experiencing the highest rates of emigration. Popular destination countries for these affluent emigrants include the United Arab Emirates, Australia, Singapore, and Switzerland.The reasons for this wave of emigration are […]
Read moreOn the Brink of WW3? Why a large scale war is much more likely than you think.
A plot of the data reported by Peter Brecke on the number of casualties in conflicts from 1400 to now, scaled to the world’s population. The future is always difficult to predict, but these data can be analyzed to show that wars are a statistical phenomenon generated by interactions among human beings. Ugo Bardi […]
Read moreThe Advanced Economies are headed for a downfall
It may be pleasant to think that the economies that are “on top” now will stay on top forever, but it is doubtful that this is the way the economy of the world works. Figure 1. Three-year average GDP growth rates for Advanced Economies based on data published by the World Bank, with a linear […]
Read moreAmerican decline
Weapon sales at record highs, credit card debt soaring through the roof, and drug addiction breaking records: The USA is grappling with seven crises threatening the country. The political dominance of a figure like Trump is not the cause of America’s problems, but rather its symptom. His angry, uncompromising, and erratic political existence, which sometimes […]
Read moreMore English councils face bankruptcy, leaders warn, as deficits reach £4bn
Every second English municipality is expecting its own bankruptcy. Three British cities are already bankrupt – many could follow. According to a survey, many local authorities consider their finances to be disastrous. The consequences for citizens: tax increases and cut services. Pircute from Elliott Brown via Flickr Many cities and municipalities are now responding to […]
Read moreWhy the Worst Get on Top: Corruption in Democracies
In “The Road to Serfdom”, Friedrich Hayek argues that leaders who dominate totalitarian regimes are willing to “do what it takes” to rule, with rent-seeking competition for leadership positions resulting in the worst contestant winning. Democratic regimes, with less power at the center and fewer functions under state control, tend to offer smaller “prizes” to […]
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