Global Issues

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172 days ago

In Western countries, this has improved appreciably, but in China and India, they have yet to get a handle on waste management and air pollution. It's a big problem.

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172 days ago

The tax debate in the US is stuck in a time warp. They are discussing economic policy as it was in 1980 and not how it is today, especially in GOP circles. Today we have low inflation and interest rates, high margins and return on capital, way lower GDP growth, much higher industrial/corporate concentration, higher GINI, and higher deficits than we did pre-Reagan. It's a different world now with different needs. In the mid-20th century, demand-side stimulus held sway (with a major war in the middle). Supply side economics has been dominant since 1980.

At this moment, we are at an inflection point, which way will the pendulum swing? We'll probably end up moving more towards demand-side stimulus again, even if the GOP doesn't want it. Lower tax rates and lower interest rates has created excessively high deficits and weakened global supply chains because of a lack of capital expenditures. Companies find it more profitable to invest in financial gimmicks like stock buybacks over reinvesting it in production. It is getting to a crisis point; if there's a recession in the next few years, it could get very bad. It would likely signal though a sea change is fiscal and monetary policy.

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192 days ago

Some people were laughing just a few years ago while others warned of it early on but today you have to be a moron to ignore not only the overwhelming scientific evidence but the increase in severe weather all over the globe.

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192 days ago

It is a terrible thing that so many people still suffer from malnutrition and even starvation when in other places ( here for example) so much food goes to waste.

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193 days ago

Short term, I think we're in trouble. We are headed towards a major deleveraging event, namely in overvalued corporate debt, which has been feasting on years of extra low interest rates, quantitative easing and stock buybacks. With interest rates increasing and stimulus running its course, the party seems to be over. This will have an effect on the rest of the global economy, along with monetary and fiscal prospects here at home. Debt will increase, as growth decreases. But in the long term, I'm confident that we will recover and seize the opportunities of new technological advances. We have to get through a rough patch in the next couple months and years, that will usher in major changes in most fields, starting with finance.

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197 days ago

The frequency of wars are actually down, but the potential for a catastrophic outcome for humanity has increased exponentially with newer forms of warfare. Conflict mitigation is very important in these circumstances.

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197 days ago

Wars are going to be fought in the future over control water sheds. The Middle East and the China/India border are going to be trouble spots in the coming years in that regard.

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197 days ago

Disinformation not only by the media but politicians looking to spin alternative narratives is a major problem. They do it to wear people down; the more disinformation is created, the more difficult it becomes to refute all of it. The biggest lies are the most audacious.

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197 days ago

The biggest barrier to healthcare access in this country is cost. Too many interests and middlemen, from device makers and hospital companies to pharmacy benefit managers, taking their own pound of flesh out of the system. Price fixing and oligopolies are rampant in that sector.

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197 days ago

Still a problem in some spots, but the green revolution has increased production capabilities to the point where it is conceivable that no one goes hungry in this world. It is an achievable goal.

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