Margaret Thatcher became Prime Minister in 1979 at a time of political and economic turmoil. The inflation rate had reached over 25% just three years prior, unions were striking at every possible opportunity, the country was in a mess. At the same time, economic growth had stagnated with unemployment reaching a 30-year high of 7%Continue reading “The Economic legacy of Thatcher’s government”
Economics of cryptocurrency
In 2008, the mysterious Satoshi Nakamoto founded the first cryptocurrency, Bitcoin, hoping that it would one day be used for daily transactions and also a way for investors to work around the traditional banking infrastructure after the Economic Crash. Since then, Bitcoin and other cryptocurrencies have surged in popularity in the economic world, reaching andContinue reading “Economics of cryptocurrency”
Mexico’s narco-economy
A narco-economy is a term used to describe an economy of a country that in all areas has been fully infiltrated by the wealth and the power of the drug trade. This term perfectly describes Mexico for the last 3 decades, which can be mostly blamed on the Neoliberalist policies implemented by the Mexican GovernmentContinue reading “Mexico’s narco-economy”
Struggles of the Saudi economy
Renowned for its excessive oil reserves, Saudi Arabia is one of the largest economies in the world. Its economy is the largest in the Arab world with a GDP of $700bn, far exceeding that of Egypt in second place with a GDP of $360bn. With this said, the long-term health of the Saudi economy isContinue reading “Struggles of the Saudi economy”
The British housing crisis
House prices in the UK have reached astronomical levels as they are now 65x higher than they were in 1970. The average house price has gone from £4,000 to £260,000 in the last fifty years. This growth greatly exceeds that of average wages that have only increased 36x in the same period. Such a disparityContinue reading “The British housing crisis”
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