It is undeniable that advances in technology, across all industries, have significantly improved and enhanced the lives of the human race. Even just 30 years ago, the idea of the average person having quick and easy access to every scrap of knowledge in the entire world from just one small device, would have been subject…
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Money is the root of all evil. We’ve heard that before, haven’t we? But in the modern capitalist society we live in currently, it can also be argued that money is the root of all happiness. Much like a weapon, it depends on who uses it and who has access to it. Money is the…
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This article covers a few aspects of the history of worker safety from the 1800s to today. Let’s start with how dangerous things were for the working class back then. Life was hard, if you lived in the United Kingdom around the year 1900, you would have worked a 12-hour day 6 days a week…
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One of the most famous concepts in modern economics is that of specialization – the process of concentrating your efforts on what you do best, and paying someone else to do other tasks that they can do more efficiently than you. This is a powerful concept that has been responsible for some of the biggest…
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Throughout most of recent history, businesses were either small, locally run shops like bakers, joiners and tailors. Or, they were large and long-lived multi-generational companies, passed down (usually) from father to son. The bar to start a business was extremely high, and in many ways, it still is. However, the internet has lowered that bar…
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Youtube, Netflix, Spotify – these are names we are all familiar with, but we often don’t stop to think how much the existence of this type of on-demand media has fundamentally changed the way we live our lives. We can now watch and listen to essentially unlimited content tailored to our specific interests. In this…
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Regulation is when a government body or local authority acts in the interest of the people, to prevent private interests from causing harm to the public, the environment, to the economy, or to other corporations. In this article, we first explore older examples of regulation, and then examples of newer challenges that regulation is not…
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