Global Labor Oversupply What has been missed out by economists worldwide is that capital is now heavily advantaged over labor which is leading to massive inequality around the world. The reason is that Labor both educated and unskilled has risen exponentially, with structural changes like the Internet and growing prosperity in large labor pools like […]
For the last few days the Shanghai and Southern European markets of Spain,Greece and Portugal have been falling despite higher US stock indices.This is a bit anomalous since most of the equity markets are highly correlated due to the globalization of financial capital..Gold has also been continuously rising despite fall in prices of other commodities […]