Tuesday, December 10, 2013

Why is it that the rich get richer and the poor stay poor?
"The richer get richer and the poor stay poor" is a catchphrase that is used when describing economic inequality. It's commonly used when describing the criticisms of a free market system, a.k.a capitalism implying that it's inescapable from Karl Marx's idea of the "The Law of Increasing Poverty". 



Economic disparities date back to the colonial era. By the 1600's, almost all the continents were connected together by European brutal domination which was diffusing progressively across Africa and Asia. The construction of this global colonial system started when conquistadors stole religious artefacts, riches, and land from the Incas and ruled the land as their own. This is the process of where the upper class receives communal land from the lower class families which has a result in depriving the latter from their livelihood. 


In the present day, trade policies also create income disparities, this is because economic practices such as free trade can be looked at a negative impact on a certain country. Free trade allows corporations to trade without barriers which enables them to share the income among working families unequally. This causes the rich to get richer, and the poor to stay poor. 




Sunday, December 8, 2013

Endangered corals get their own sperm bank

Endangered corals get their own sperm bank

Scientists in Queensland are building a coral reef sperm bank to protect as many species of coral as possible against extinction. A study shows the estimates that we've lost half our coral reefs since 1985.



Monday, December 2, 2013

Globalization

Globalization: The growing interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services of international capital flows, and through the more rapid and widespread diffusion of technology.

Growing interdependence of countries

Increasing volume of cross-border transactions

Variety of cross-border transactions

Widespread diffusion of technology

Globalization