In the 1700s, when the British started selling Opium to China, it proved to be extremely lucrative. British ships were able to procure opium at extremely cheap prices, and sell them to China at vastly inflated markups. The primary market for this opium was Chinese laborers, who used it to get high and forget the … Continue reading Prosperity comes from Investments, not Consumption
Tag: economics
Humanity is not a Zero-Sum Game
With the rise of Xenophobia all over the world, from Trump to Brexit to the Freedom Party, it’s worth pausing for a second and asking ourselves why. Why are people so threatened by immigrant workers? Why are people so threatened by the growth and progress happening in foreign countries? Why are people so threatened by … Continue reading Humanity is not a Zero-Sum Game