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We find low taxes on the rich bring economies little benefit. This suggests there is a strong economic case for raising taxes on the rich to help repair public finances following the pandemic.
Jakarta’s shortcomings as a capital are obvious: it has headline-grabbing problems with congestion, pollution, and land subsidence.
Indonesian President Joko “Jokowi” decision to relocate the country’s capital is seen as an effort to shift economic activity and address infrastructure gaps outside of Java and Sumatra.
Indonesia’s capital city Jakarta.
Indonesia has plans to move its capital outside of Java, but the government has yet to make the case for this move.
Thinking with Karl Marx on his 200th birthday means recognising the importance of thought.
Illustration titled, “If you want to get rid of mosquitos, drain the swamp that breeds them.” (1909)
Library of Congress
An urban planning expert goes knee-deep into the murky history behind this popular phrase often used to describe the nation’s capital.
There was a fair bit of detail this week about what we can expect from the RBA and US Fed on interest rates going forward.
A whirlwind of speculation about Deutsche Bank’s health has surrounded its headquarters in Munich.
AP Photo/Michael Probst
Is the financial system headed for another ‘Lehman moment’? Perhaps, but a bailout isn’t the solution. More capital is, something Trump should remember as he rewrites U.S. bank rules.
Natural capital a dangerous illusion that masks the way capitalist growth undermines conservation itself.
Natural capital is a hot topic that proponents have jumped onto, believing it is the future of sustainable development. But this concept is based on fundamental fallacies.
Restricting the tax offsets for investing in start-ups to just those with plenty of money will hurt entrepreneurs.
The government should be encouraging informal investors to put their money into start-ups, not barring them from tax offsets that encourage them to do so.
Workers in a bank watch as Occupy Wall Street protesters march in New York as part of the populist movement protesting economic inequality.
The Marikana tragedy has indicated the violent nature of the struggles over resources and income shares. Inequality must be fought because it perpetuates social injustice.
Those houses won’t buy themselves.
Thomas Piketty’s bestselling book Capital in the Twenty-First Century shows that in a selection of developed countries the stock of capital is growing faster than economic output, causing disturbing increases…