centralization

  Stock markets have dropped. This is not too concerning, as it comes after two years of rallying. The big tech stocks especially, such as Apple, Alphabet, Amazon and Tesla, were highly overvalued. The market works and corrects excesses. Other news might have a larger impact: a possible weakening of the United States dollar. It […]

  The European Union economy is doing poorly. During the past decade, real gross domestic product (GDP) in the EU has grown modestly (about 17 percent), well below the United States and global average (about 26 percent and 32 percent, respectively). The outlook for the future is bleak. The obvious culprits are low productivity growth […]