Blockage in the Suez Canal: the week world trade stopped At the time of writing this article, the Ever Given container ship, owned by Shoei Kisen Kaisha and operated by Evergreen Marine, has finally been freed after running aground on the banks of the Suez Canal. The blockage had a major impact on the international economy: the price of crude oil rose, and there was a significant impact on the cost of transporting goods and their final prices. This event could have longer-term consequences, with a chain of effect that is difficult to calculate.
NFTs and SPACs: the insanity of casino capitalism In the midst of the COVID-19 catastrophe, some parts of the economy are booming. Speculative investments are continuing in a frenzied fashion. The latest celebrity-driven fads, NFTs and SPACs, are among the insane expressions of this whirlpool of speculation.
Davos’ false promise of a “Great Reset” reveals fear of revolution The past few years of political turbulence have troubled the ruling class. They are facing unprecedented waves of protests and instability. They are now increasingly desperately trying to stabilise the situation using state expenditure and other concessions. This was seen at the World Economic Forum last month.
