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Monday, January 16, 2017

The Wealth of 8 People and 3.6 Billion People: Utilitarianism Applied

As of the end of 2016, eight people held as much wealth as the 3.6 billion people who make up the world’s poorest half. Just a year earlier, a similar study had “found that the world’s richest 62 people had as much wealth as the bottom half of the population.”[1] Part of the difference in these findings is due to new data gathered by Credit Suisse. Put another way, the richest of the rich were richer than had been thought. In this essay, I want to call attention to the sheer magnitude of the wealth involved, as it pertains to the richest.





[1] Gerry Mullany, “World’s 8 Richest Have as Much Wealth as Bottom Half of Global Population,” The New York Times, January 16, 2017.

Sunday, January 15, 2017

Behind Brexit: State Sovereignty, Not Markets

Lest it be thought that trade—indeed, economics—was the foremost consideration in the British decision to secede from the E.U., the state’s prime minister tasked with implementing the secession made it clear that the political union had been the prime antagonist from the British standpoint. In American terms, such a position has been labeled as anti-federalist and even “states’ rights.” Economic considerations are not primary; rather, federalism is front and center—in particular, where power should be lodged. This ought not to strike fear into British business practitioners.



The complete essay is at Essays on Two Federal Empires.