Five Facts About Chinese Capitalism

Through six facts about China’s political capitalism, we can see some of its economic strengths, weaknesses, contradictions, and history.

Why Venezuelans Might Launder (In a Washing Machine) Their Dollars

The U.S. dollar is a handy backup when a country’s currency loses its value. After Zimbabwe’s hyperinflation hit its peak (or its nadir) in 2009, they used U.S. dollars but didn’t have enough. So, when the cash got too gray…

What North Korean Workers Did With Their Choco Pies

While the North Korean economy is centrally planned, the Choco Pie is a tiny example of the how a market system develops.

Six Facts That Explain How China Plans to Dominate World Trade

China’s economic development and much more will be propelled if its Belt and Road Initiative sends trillions to countries in three continents.

Six Facts: What It’s Handy To Know About China

A look at U.S. China trade history reveals how the Chinese economy has changed and what a combination of command and the market can accomplish.

A Russian Wheat Story With an Unexpected Ending

The story of a contemporary Russian wheat farmer is rather surprising when we look back at how the Russia economy has changed during the past 120 years.

When a Tesla Price Tells Us All We Need To Know

Just by looking at a $35,000 Tesla price, we can decide if Elon Musk is creating luxury vehicles or cars for the masses.

How China Has Begun To Keep (a Social) Score

In China, by being good to your mother-in-law, you can elevate your social credit score, get a cheaper bike rental, and a better bank loan.

Why China Will Make a Better Ballpoint Pen

Until Chinese innovation produces better ballpoint pens, the tips for billions of exports will have to be imported from Germany, Switzerland and Japan.

China’s Very Mixed Economy

China’s social credit program is usually connected to social control. But I wonder if it’s also an economic system. Using information from “government blueprints, state-media reports and interviews with architects,” WSJ described what appears to be an evolving plan. Most basically,…