[Applause] This is Kenya. 50 million people live there. Yet one in three go to bed hungry.This is William Rudo, Kenya's president. He's reported to own multiple high value properties such as hotels, villas, and mansions. Each of them are valued at millions of dollars.This is Teeter Baguso, William Oliv, and Bola Ahmed. All three of them have net worths at over$und00 million. And these are their countries, Equatorial, Guinea, Azar, Bayan, and Nigeria.All three of these countries face rampant food insecurity, ...

Black Economic Empowerment is meant to reduce South Africa’s stratospheric levels of inequality. But the policy’s main beneficiaries have been a tiny group of new Randlords.This is oligopoly, not equality https://t.co/S7U2lWBZWP ...

Heat. Heat. [Music] [Music] [Applause] Hi everyone.I hope everyone's enjoying their evening so far. Um, my talk is slightly different. I'm not here to tell you about my story or my journey. I'm here actually to take you all on a journey through time, technology, and innovation. And I'm here to tell you about how history has actually shaped the digital world that we live in today.So, I have a quick thing I want to do before we start. So, who here has a phone on their person right now. And if you do, could yo ...

Economic System Concerns - The global financial system is under unprecedented pressure due to soaring inequality, massive debt, rising living costs, and economic uncertainty [1] - Capitalism faces a serious test due to financial repression, an invisible tax on savers where interest rates are kept below inflation [4][5] - Consumer debt is ballooning, with total household debt in the US topping $18 trillion and credit card debt surpassing $1 trillion with interest rates averaging over 20% [9] - Real wages have barely budged since the 1970s, while assets like real estate and stocks have soared, benefiting the wealthy and driving inequality [12][13] Historical Context and Evolution of Capitalism - Capitalism emerged from feudalism, driven by entrepreneurs and innovators, and was intellectually championed by Adam Smith [17][18] - Capitalism has adapted throughout history, including interventions by Teddy Roosevelt and Franklin Roosevelt, and the post-World War II welfare states [22][23] - The dismantling of regulations in the 1980s and globalization led to imbalances that ignited the 2008 financial crisis, followed by unprecedented monetary stimulus [24] Challenges to Current Capitalism - Weak growth, extreme inequality, technological displacement, and digital rent extraction combine into what many call late capitalism [37] - Growth is lacking major innovations to drive broad-based prosperity, leading to reliance on artificial means like QE and low interest rates [29][30] - Automation and AI are displacing jobs, potentially making millions economically irrelevant and creating a problem for consumer capitalism [33][34] - Platform economies dominated by giants like Amazon, Apple, and Google are generating revenue by controlling essential services and extracting rents, stifling genuine competition [35][36] Potential Alternatives and Solutions - Potential alternatives include a resource-based economy, universal basic income (UBI), decentralized crypto-based economies, and reformed capitalism [39][40][44][46] - Reformed capitalism could involve breaking up big tech monopolies, closing loopholes for corporations and billionaires, and investing in education and infrastructure [47] Investment Strategies for Economic Shifts - Traditional financial institutions, especially banks and insurers, are particularly exposed due to financial repression [53] - Consumer-facing industries are at risk due to eroded consumer purchasing power [54] - Hard assets like gold, silver, commodities, and selected real estate may perform well under financial repression and inflationary conditions [56] - Industries aligned with government spending priorities, such as infrastructure, energy, healthcare, and defense, may offer opportunities [57] - Decentralized cryptos like Bitcoin and Ethereum may serve as hedges against financial repression and inflation [58] - Geographical diversification and active portfolio management are crucial in navigating the uncertain economic environment [60][61]

Government handouts are the mechanism favoured by Morena, Mexico’s populist ruling party, for curbing the country’s poverty and inequality. But have they worked? https://t.co/4ybFQTzRoA ...

This is Kenya. 50 million people live there. Yet one in three go to bed hungry.This is William Rudo, Kenya's president. He's reported to own multiple high value properties such as hotels, villas, and mansions. Each of them are valued at millions of dollars.This is Teter Baguso, William Oliv, and Bola Ahmed. All three of them have net worths at over $100 million. And these are their countries, Equatorial, Guinea, Azar, Bayan, and Nigeria.All three of these countries face rampant food insecurity, poverty, and ...

“Inequality has been rising,” says @oren_cass. “And I don’t think that’s healthy.” Will the Big Beautiful Bill make it worse? This week, on “Checks and Balance” https://t.co/p4VcnbMEPR ...