Questions tagged [economy]

Questions relating to the politics of economic theory or economic policy of any country or the international community. General economic questions can be asked on Economics.SE https://economics.stackexchange.com/

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2answers
137 views

In what way do political parties gain with the pressure of lobbies and vice versa

For example, an electrical company pressuring the government to vote against a political proposal that should tax this very same company. In what way do political parties gain with the pressure of ...
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2answers
225 views

What do you call it when everyone gets an equal vote on how taxes are spent?

I had an idea and was wondering if there's a term for it or if there might even be groups or research surrounding this policy. The basic idea is that each year citizens of a country would vote for ...
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Why do some countries forbid working on Sunday rather than strictly regulating it?

According to this source, Poland will gradually forbid commerce on Sundays: Poland’s ruling party approved a law that will gradually impose a ban on Sunday shopping, meeting the demand of its ...
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2answers
315 views

Is there a map of which developing countries are influenced by which nations in terms of neocolonialism?

According to Wiki: Neocolonialism is the practice of using capitalism, globalization and cultural imperialism to influence a developing country in lieu of direct military control (imperialism) or ...
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5answers
1k views

Open source community - a digital communism or something else?

Here on politics SE I read the following: In order for communism to be moral, it requires everyone to voluntarily cooperate with each other towards a common goal. Unfortunately, people do not ...
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1answer
260 views

What would happen if we banned CEO stock-options tomorrow?

I've been reading about how CEOs have apparently changed considerably how they view their companies when able to take a large majority of their pay in the form of stock options; and now a lot of them ...
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2answers
2k views

Are there any measures to limit inheritance in capitalistic countries?

I'm not asking here whether this should be done or not and not going to argue here that it's fair/unfair. Currently in most (if not all) market economy countries people are allowed to inherit ...
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1answer
463 views

Why don't people pay some tax to the country where they were raised? [closed]

In most countries, public primary and secondary education is free. If later the thus raised people leave the country to work abroad, then this is economically quite disadvantageous to the home country....
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2answers
181 views

How do governments around the world model the economy?

In the media (in my country at least) when they report on policy that will affect the economy I have often heard the phrase "treasury modelling". I assume this means they model the economy to predict ...
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6answers
16k views

Does currency exist in communism?

I've thought about this before, but never heard any explanation as to how this works. My understanding of communism is: Everyone works. Everything is rationed out equally. Since there is no ...
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1answer
799 views

Why is Daylight saving time (DST) still used in so many Western countries?

DST was observed in many countries last week-end (28-29.10.2017). This article tells us about the origin of DST: Agrarian cultures built their societies around sunlight, waking up with the sun to ...
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8answers
22k views

Is it possible to be a socialist and a capitalist?

I don't know how to label my economic belief system, and it's frustrating when getting into discussions with other people. I believe in Capital. I believe that people have a right to earn more than ...
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1answer
146 views

Has there been research regarding the costs of maintaining a federation as opposed to a unitary state?

As an example, the United States are currently controlled by a bicameral Federal government and 50 state legislatures of which 49 are bicameral. This means that essentially there are 51 slightly ...
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1answer
2k views

Is China really Communist?

Having read Karl Marx, and seeing the 10 tenets of Communism, I find it hard to consider China as a Communist country. Just trying to stick to the 10 tenets. Abolition of private property, ...
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2answers
3k views

What have been the arguments against VAT in the US?

The majority of countries in the world have implemented a Value Added Tax (VAT) - sometimes called a Goods and Services Tax (GST) - why hasn't the US? EDIT - I would assume that if a VAT were ...
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2answers
1k views

Why did Friedrich Hayek support Universal Basic Income

Hayek is a staunch free market capitalist, small government - bordering on 'taxation is theft' economist. How did he explain his support for universal basic income?
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3answers
657 views

Why are there so many countries that apply interest rate caps/ceilings?

Interest Rate Ceiling is "the maximum interest rate that a financial institution can charge a borrower for an adjustable rate mortgage or loan according to the contractual terms of the mortgage or ...
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3answers
521 views

What connects successful enterpreneurs and populism?

Many of the representatives of the 21st century populism turn out to be business leaders (like Trump, O'Leary, Babiš). What is the most accepted theory on why is it so among political science scholars?...
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3answers
8k views

Do separatist nations inherit any national debt?

Do separatist nations inherit any national debt? For example, given Spain has a debt level of £1.1 trillion at the time of writing, if Catalonia becomes an independent nation is there any legal ...
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3answers
636 views

What are the real cost for companies leaving Catalonia?

The last weeks there was problems and lots of discussions between the Catalan and Spanish governments. There was a referendum that the Catalan government accepts but the Spanish one doesn't and the ...
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1answer
99 views

What moral hazards are possible when a government produces its own currency; vs when it doesn't? [closed]

Assuming a political system is a representative democracy, and that group also produces a currency, what moral hazards are possible? I'm thinking that policy can be compared to my physics 101 class ...
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3answers
5k views

What is a run on the pound?

From the news today, it mentions that Jeremy Corbyn and the Labour Party is preparing to deal with a run on the pound. What is a run on the pound? Why is it making news headlines? Why does Jeremy ...
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2answers
267 views

What controls, organizations, or mitigations are there that limit or reduce bribery in politics and policing?

I'm trying to identify the key systematic components that prevent bribery in politics, policing, or legislation. What national, or ideally international, organizations exist that have some sphere of ...
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3answers
751 views

Can a country adopt and issue currency not theirs

Can a country decide that they now starting to use USD for example, then enter USDs into their circulation? Is there any international law that stops that and to what extent (can use the currency, ...
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1answer
140 views

Is there a study that measures the effectiveness of lotteries in increasing VAT revenue?

Quite recently, several countries began using (VAT) lotteries to offer an incentive for people to request a receipt when purchasing goods and services. These countries include Malta, Poland, Slovakia, ...
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2answers
596 views

Why did Japan not raise taxes instead of borrowing to avoid having such a large debt ratio?

According to this article, Japan reached an enormous debt/GDP ratio of about 250%. The first two answers from here illustrate more about the structure of the debt. My highlights are: most ...
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1answer
258 views

What policies have been discussed or implemented to tackle Celibacy Syndrome in Japan [closed]

As we know that Japan is struggling with the problem of Celibacy Syndrome. What strategic steps has Japan taken to end its fight with celibacy syndrome? What policies have been implemented?
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3answers
893 views

Private ownership of productive resources as basis for existence of social classes?

In page 40 of this book I read the following: Scholars of all persuasions now recognize that private ownership of productive resources is the basis of the existence of social classes. This view ...
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4answers
324 views

Why does US allow creating legal entities without real beneficiary disclosure?

According to this article: “In every state in the US, you can incorporate an LLC – [a limited liability company] – or another legal entity and you don’t have to disclose who the beneficiary on ...
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1answer
270 views

Why do people make the mistake of calling it a “job market?” [closed]

A market means that in a specific location (or via an online platform) by a consumer's own will, they can directly exchange money for goods and services while the market is operational. If someone is ...
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1answer
190 views

Did Chile's productivity/capita go up during Pinochet's reign?

What effect did Pinochet's war on drugs and execution of drug users have on Chile's productivity per capita? If you have data for the Philippines, that would be a bonus.
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1answer
188 views

Which policies has Trump enacted that has (possibly) influenced the GDP and economy positively?

I was talking to a Trump supporter who claimed that Trump is politically and economically competent, pointing to this article showing how Trump has caused the GDP to reach a record high level (or, at ...
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1answer
167 views

Difference between corporatism and craft unionism

In an essay I came across two political concepts that I'm incapable of distinguishing. What is difference between corporatism and craft unionism? I have read somewhere that the idea of corporatism ...
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0answers
85 views

How much of Puerto Rico's economy is held by mainland individuals and companies?

Puerto Rico was once a Spanish colony, then a US sort-of-a-colony, then a commonwealth with citizenship. I know US agribusiness invested heavily in setting up/expanding a sugar cane industry on the ...
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3answers
598 views

Is there anything stopping countries negotiating trade agreements step-by-step?

There have been so many big trade agreements in the news recently, that one of the striking things about all of them is how long they have taken to be agreed, and how complex the negotiations seem to ...
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1answer
450 views

Why does there exist an implicit assumption that equalizing the standards of living across the EU won't harm the richer members?

The EU is investing a lot of funds into equalizing the standards of living across the Union. This works both directly through direct investments and indirectly through allowing Western European ...
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5answers
384 views

What steps can be taken to combat unfunded state and federal pension liabilities in the U.S.?

It's the growing problem that no politicians want to talk about: unfunded pension liabilities. Business Insider ran an article last year which focused on the many upcoming challenges facing U.S. ...
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2answers
494 views

Are Libertarians for or against prohibitions on insider trading?

Now, unless I'm missing something, I'm fairly certain that Libertarians aren't PRO insider trading. That said, are they for or against rules prohibiting it? Or do they view it kinda like hostile ...
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1answer
177 views

Do US politicians consider the 2008 Global Financial Crisis Finished?

Do politicians, in the US, consider "2008 Global Financial Crisis" Finished? or not? What signs for each side they mention?
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3answers
3k views

Who is lending the money for a nation's debt?

It seems most governments (certainly the US, Europe, Australia) have racked up a national debt - but who are the lenders that these governments are indebted to? Where does the government get the ...
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5answers
2k views

Has high taxation of the rich been sustainable as an economic policy?

One of the backbone philosophies of the recent Labour party campaign was higher taxation of high earners (those earning above £80'000 per year to be precise). Has very high taxation of high earners ...
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1answer
220 views

Can Uber be forced to limit its “dynamic prices” policy?

After recent attacks in London, many complained about the prices rising in the vicinity of the attacks: There is no dispute that Uber prices were elevated in London around the time of the attack, ...
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1answer
358 views

What effect does an influx of refugees have on the economy of a country? [closed]

Are refugees good or bad for the economy? I ask you because I do not know what to think of it. My country do not like them and they have gotten a bad image here. I would like to hear some facts ...
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2answers
784 views

Why did the EU not unify the financial systems when the Euro was created?

It could be argued that many of the problems plaguing the EU in the recent years stem from a lack of integration among the various countries in the union. These missing "integration points" include, ...
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1answer
132 views

Who decides what can serve as reserve for fractional reserve banking?

In Fractional reserve banking, which is the common practice these days in most (?) states in the world, a bank is required to limit its loans to a certain multiple of its reserves. I know that ...
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2answers
544 views

Is there an equivalent of the horseshoe theory for economic systems stating that monopolized capitalism = communism?

The horseshoe theory states that societies organised by the extreme right and the extreme left would look alike. It is also applied to various other opposed groups (religious, nationalists, ...). Is ...
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0answers
180 views

Does China hide its original economic information?

Is the economic information released by Chinese government real? Do they have a tendency to skew that information? If yes, why, and how do they do that?
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10answers
11k views

Why do farms need subsidies? [duplicate]

The title is slightly misleading, farms need subsidies because it's difficult to make them financially viable, but... Why do farms in developed countries require state subsidies (CAP in Europe, I ...
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2answers
712 views

US political parties that support EU style social social welfare spending?

Are there any political parties or groups in the United States that openly support making the U.S. more like EU countries by: Addressing social welfare and safety net needs by increasing federal non-...
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2answers
505 views

Are there countries with true open-market railways?

Over here Ben Southwood makes a case against nationalizing the British train lines: [..] Returning it to centralised state control would be a step backwards and a mistake. Instead we ...