South Africa is an economy that is really important to understand as a kind of potential outcome case study of inequality gone bad. The nation itself, on paper at least is not so terrible, it is actually one of if not the wealthiest nation in all of Africa, trading back and forth quite frequently with Nigeria.
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Dec 22
Did China Just Drop The Ball On Global Dominance?
China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing on GDP, and Western tariffs are restricting exports. For decades, China produced ... Show More
16m 15s
Dec 2
A Short Story About Why You Cannot Buy A House
Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times income), Sydney (13.8 times), Vancouver, London, and San Francisco, housing prices ... Show More
12m 51s
Nov 17
The $400 Trillion Problem No One Wants to Talk About
The world’s pension promise is unraveling. In the 1950s, sixteen workers supported each retiree; today, that number has shrunk to just 2.7. This dramatic shift is straining pay-as-you-go pension systems to the breaking point. By 2050, one in six people will be over 65, yet politi ... Show More
17m 5s
May 2021
How bad is Africa’s debt problem?
European, American and African leaders, together with financial institutions, are looking for ways to help restart growth in Africa after the Covid health crisis. Described as the “New Deal” for African economies, leaders aim to find solutions to Africa’s international debt, whic ... Show More
16m 23s
May 2022
Africa in the grip of a fuel crisis
The fuel prices emergency is hitting households across the continent, from Egypt to Tanzania, Uganda to Nigeria and South Africa. The airline industry has also been affected. So what can governments do?Also, in Somalia, dozens of candidates have registered for the presidential ra ... Show More
26m 49s