While there was a general expectation in the summer that the economic damage would be quickly repaired, this hope is fading in light of the near-global energy and supply chain problems.
Tag: Economy
Corruption in Lebanon
One off the many deficits in Lebanon is the all-embracing corruption. But why is the country so attached to it? One of the main reasons is certainly the system of government. After the devastating civil war, people were looking for a different way to stabilise the country. The pure number of different confessions gave path… Continue reading Corruption in Lebanon
The End of Neoliberalism
US President Joe Biden has launched a major economic stimulus package. All in all, it involves investments in the trillions, with which he wants to propel the country's economy to new heights. Since the days of Thatcher and Reagan, the orientation of the economies of the West has been very liberal, often referred to as… Continue reading The End of Neoliberalism
The new Inflation
The economic crisis triggered by Corona is currently affecting every country in the world. Surprisingly, however, the countermeasures that the states are applying always seem to be the same: printing a lot of money. In the Eurozone, this approach is reflected in the fact that the amount of money in circulation has increased by about… Continue reading The new Inflation
The North and the South
The division between the Eastern and Western countries has repeatedly ignited over the question of how to deal with the large number of migrants travelling to Europe from different directions. A repetition of the summer of 2015, when Germany temporarily left its borders open in order to cope with the situation, is now being attempted… Continue reading The North and the South
Decentralised Currencies
There´s a hell lot of money-talk going on all over the world right now, conserning the aftermaths of the pandemic. And one of these talks will soon be about the standing of the dollar as the global currency. Today, this role is safed by the fact that the international trade on oil is payed in… Continue reading Decentralised Currencies
Simon Dierich 