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Resource Based Economy Needs Smart Grids
Those wishing for serious political change should take a look at electricity technology infrastructure. Major investments into smart meters, public energy ownership + storage, HVDC transmission cables, modernized electric grids, and a digital network to manage it all.
Why Is Charity Important to Keep the Society AliveWe live in a world governed by a capitalistic system people are forced to sell their lives or a fraction of it in exchange of money, we now have in front of us a division of class and status. At one hand there are privileged people who have a central role in the cycle of the industry as they own the infrastructures and on the other hand there is the working class.
Oil PriceOil is the most valuable commodity in the entire world. When the price of oil changes the effects are felt worldwide. The price for a barrel of oil is the lowest it has been since 2009. American citizens can stop at most gas stations and pay $2.05 per gallon of gas. The drop in price has not just benefited the daily commuters, it has lowered monthly utilities for middle class home owners. The average price to heat an American house hold has dropped significantly. This has created a “surplus” of income for families. Which in turn creates more spending and growth back into our economy. However many economists are looking at the long term effects of the drop in oil. The drop in price can either develop nations or destroy them. New jobs can be created from the change in price but existing ones might be in jeopardy. These concerns wouldn’t just be in the United States, they would be worldwide. The countries who depend heavily on drilling and exporting oil are most at risk. Countries will see a large decrease in GDP compared to when oil prices were higher. I will focus on the affects that drop in
Behavioral Economics: The Esoteric and Exoteric Nature of Animal Spirits“Our basis of knowledge for estimating the yield ten years hence of a railway, a copper mine, a textile factory… amounts to little and sometimes to nothing,” British Economist John Maynard Keynes wrote, “If people are so uncertain, how are decisions made? They can only be taken as a result of animal spirits.” –George A. Akerlof and Robert J. Shiller, Animal Spirits (Princeton University Press, 2009)
The Human Tragedy Of American CapitalismWith the Presidential campaign season heating up and with all those Republican contenders pointing fingers at the Democrats for our economic woes it really is a good time to focus our attention to the fact that our predominately capitalistic economy really hasn’t worked for the majority of Americans. We have to understand what capitalism really is in order to felicitate a remedy to the financial crisis so many millions of US citizens are in today. We are not alone either.
