The policy of Free Trade is still in debate due to the questionable benefit for each side. This debate doesn’t try to limit the effect of free trade to developing or third world country. It will however argue that poorer countries, in comparison to their trading partners, will suffer due to the '
Income disparity between the rich and poor, which harasses most government in the world, is getting bigger and bigger. According to an official report that in China 0.4% rich people get control of 70% of wealth. In the U.S. the top one fifth of the population possesses almost two thirds of social we
The inheritance tax is a tax that has never achieved to reach one of its main goals - reduce income inequality. Its effect nowadays on budgets of countries is negligible. Instead, the tax infringes individual rights to personal property and free will. We believe that the reasons to keep the tax pres
We live in the post-communist and post-Watergate era and, most of all, on a corruption market. Anywhere in this world there’ll be both supply and demand on this market. Corruption and bribery will never be eradicated, as financial self-improvement and the power dynamics resulting from loca
Young students eager to better themselves as people are facing crippling debts after they leave university unless they are born of a very wealthy family. This ensures that the wealth stays with the families who have always had it. Worse still is the number of young people denied the chance of univer
Public transport is always quite low down the list of priorities for any government. Roads and cars took precedence from the 1960s onwards over any form of public transport and the old public transport infrastructure of trams and trains was dismantled. But now that the roads have filled up and we ar
Ultimately one of the greatest sources of economic and social inequality in modern society is money passed from parents to children. I would therefore suggest that the state confiscates (or taxes if you prefer the term) all the money passed on by anybody born in the UK when they die.
Workplace diversity is an important topic that deserves more discussion. While there have long been initiatives to get more women involved in higher-level management, most boards are overwhelmingly male. In fact, a rather large number of boards have little or no female representation - and this prov
Communism has lost the conflict of ideologies. All that remains is capitalism, and a failing capitalism at that. While the world is in recession the investment banks take advantage to continue paying immense bonuses despite having been bailed out only a few months earlier. When the pay of workers is
Paper money revolutionised the economy when it was introduced (In Europe during the 17th century, though it was around from the end of the first millennium in China) however now it is getting old. We are increasingly moving towards a cashless society. Money will change hands using cards, the interne
The recently heated debate as to whether or not tuition fees for universities should be increased has lead to some vice-chancellors declaring that they want to increase charges to up to £20,000 whilst Malcolm Grant, chairman of the Russell Group which represents 20 of the top higher-education resea
The science budget is one of the area’s most likely to be cut or at least frozen when the cuts in government spending begin to bite. However many scientists criticise this as undermining our economy in the longer term. The Obama administration in the USA is increasing its science budget and the r
On 15th January the British government approved the construction of a third runway for Heathrow Airport, Europe's busiest airport. Whilst the project still requires planning permission, it has become subject to a huge controversy particularly opposed by environmentalists. Through the expansion of He