Category Archives: Economy

The Truth About the North Korean Regime in a Nutshell

 

As you probably have noticed, I have been following the North Korean regime for quite a while. When Kim Jong-il died last year, and was to be replaced by his son – Kim Jong-un – I couldn’t help but notice the mainstream media’s reaction, as well as that of a lot of people. Namely, that they hope that the transition was for good, that Kim Jong-un is the new Deng Xiaoping, or in other words that North Korea will open up and become capitalist and free (or at least more capitalist and freer). This reaction is typical of the ignorance on the North Korean regime. A recent news article on the Huffington Post proves my point. Read defectors’ reactions, particularly:

None of the defectors Reuters spoke to believed the leadership would dare allow reforms that damage its grip. Some thought the Pyongyang elite had been scared by the disastrous 2009 experiment [the currency reform that was reportedly disastrous to the country’s “economy”].

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Youtuber pp000610 (Former Soviet Citizen Vladimir Jaffe): A Fraud or Someone Who Looks for the Truth? You Decide

In a previous article, I expressed my disapproval of the Occypy Wall Street (OWS) movement. The organization – like the Tea Party – has no leader. However, unlike the Tea Party, it is full of people who have no clue what change they want and how they want to attain it. On the one hand, there are Ron Paul supporters who are tired of crony capitalism – the close relationship between business people and the government in effort for the latter to enact legislation that is favorable to them without any regard to its impact on the people. On the other hand, there are socialists and communists who demand that the government tax the rich, take over areas such as health care in the form of a single-payer system, and demand that the rich pay college students’ loans, among other things. Continue reading

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The North Korea we know little about

If you know me, you know that I like watching and reading about North Korea. It is not because I like it (in fact the more I find out about it the more I get to hate it, as you have probably noticed) but because it is mysterious and the most isolated country in the world. If it weren’t for the few journalists and tourists who were granted visas to the Secret State and documented their visit (sometimes without being allowed), all the footage would be purified the way only the Korean Central News Agency and David Pluth are capable of. Continue reading

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A decomposing country

North Korea is in severe humanitarian crisis after floods allegedly destroyed a lot of its crops forcing millions of people to suffer from hunger and malnourishment. I say allegedly because I wouldn’t necessarily blame it on nature but on the tyrant regime of the Kim dynasty that has been ruling this country since 1953. Continue reading

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Race to the Top: Failure in Connecticut, success in neighboring Massachusetts, New York, Rhode Island

On February 17, 2009, President Barack Obama signed into law the American Recovery and Reinvestment Act, also known as the economic stimulus package. It cost the United States a total of $787 billion of which $4.35 billion were appropriated to a fund referred to as the Race to the Top Fund (RTTTF). Continue reading

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The Next 100 Years

American political scientist George Friedman made a forecast in this book that is contrary to what most of us would make judging by what is happening nowadays only. The 21st century, according to him, will be abundant in technological improvements of any kind, demographic crises, and also wars similar to what we have seen in The Fifth Element, Star Wars, and other books and movies picturing the future. Continue reading

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Do all World Bank Presidents have money background

When I read about Secretary of State Hillary Clinton’s possible run for the World Bank Presidency one question immediately occurred in my mind – do all World Bank Presidents have money background? Hillary Clinton was member of the Board of Directors of Wal-Mart, a position that we rarely think of when we initially think of her, and one that is debatable as to whether it could be under the category of money background. We tend to think that leaders of organizations that deal with money – such as the World Bank Group, the International Monetary Fund and the World Trade Organization, for example – have business or bank experience, understand the economy, and that their background speaks for their expertise on how money should be spent. This article aims at answering the aforementioned question – do all World Bank Presidents have money background – and not the competency of the current President and previous Presidents. Continue reading

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