Wealth & Poverty Review

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Photo by Ja Ma at Unsplash.

New Discovery Fellow Gale Pooley’s Simon Abundance Index Cited in Wired

Excerpt: Researchers Gale Pooley and Marian Tupy calculate the “Simon Abundance Index,” which takes into account both global population and the prices of 50 commodities important for human welfare — everything from sugar to salmon to iron ore to natural gas — expressed in terms of how long the average person in the world has to work to afford one unit of each. Every one of the 50 has become more affordable since 1980, even as global population has exploded, and most have become several times more affordable. The aggregate Abundance Index was set equal to 100 in 1980; by 2019 it had climbed to almost 620. Continue Reading …

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Discovery Institute Fellow Chrisopher Rufo Set to Release New Documentary Next Year on American Poverty

Discovery Institute research fellow Christopher F. Rufo is set to release his latest feature-length documentary, America Lost, which tells the story of life in three “forgotten American cities” — Youngstown, Ohio, Memphis, Tennessee, and Stockton, California. Read More ›
Chinese Yuan and US dollars on the map of China. Trade war between US and China, economic sanctions

Huawei Is an Asset, Not a Threat

Among the world’s most inspiring business voices is Ren Zhengfei, founder-philosopher of Huawei, the disruptive and now condemned Chinese telecom-equipment company. Vilified as a cat’s-paw of the Chinese government, Mr. Ren has decided to place his trust in America’s legal system and launch a court challenge to the U.S. government’s campaign against his company—and family. His daughter, Huawei chief financial officer Meng Wanzhou, is fighting extradition to the U.S. from Canada on murky charges that she helped financial institutions violate American sanctions on Iran. She has been under house arrest in Vancouver, British Columbia, since December.

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Steve Forbes Podcast with George Gilder: The Creativity of Capitalism and the Post-Google Era

Discovery co-founder George Gilder sat down with Steve Forbes on Forbes’s podcast What’s Ahead. There are not many minds that have been able to predict what’s ahead quite like Gilder who has proven to be a true visionary in economics and tech. In this conversation with Forbes, Gilder discusses his new book Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy, and unpacks what he calls the “cryptocosm”. Gilder discounts many of the pessimistic pundits and instead foresees a future rife with flourishing innovation. What’s more, the cryptocosm will put you in charge of your data!

Chinese Yuan and US dollars on the map of China. Trade war between US and China, economic sanctions

How the U.S. Can Solve the Current Trade Tariff Impasse With China

Trade talks between the U.S. and China have hit an impasse, but there is surprising bipartisan support for the Trump administration to stay the course on what will be a long process to resolve the full range of trade problems specific to China. Success on this first round of trade negotiations in the form of ending the tariff penalties that are at the heart of a year-old trade war, with further reduction and even elimination of tariffs on as many categories as possible, should actually be attainable in the near term. Future rounds of trade talks to find remedies for China’s intellectual property and trademark theft, national security threats, and forced technology transfer from American companies doing business in China …

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A Brewing Rebellion in the Emerald City

For the past five years, like many of its West Coast counterparts, Seattle has endured a steady expansion of homelessness, addiction, mental illness, crime, and street disorder. But the activist class—a political and cultural elite comprising leaders in government, nonprofits, philanthropy, and media—has enforced a strict taboo on declaring the obvious: something is terribly wrong in the Emerald City. Last month, veteran Seattle reporter Eric Johnson of KOMO violated that taboo with a shocking, hour-long documentary called Seattle is Dying, which revealed how the city has allowed a small subset of the homeless population—drug-addicted and mentally-ill criminals—to wreak havoc. Johnson’s portrait is backed up by evidence from King County homelessness data, by city attorney candidate Scott Lindsay’s “prolific offender” report on 100 homeless individuals responsible for more than 3,500 criminal cases, and by my own reporting on the homelessness crisis. Read More ›

U.S. Trade Deal with China Imperfect, but Both Sides Benefit

The U.S. and China are edging closer to finalizing a trade deal that should end the tariff penalties that are at the heart of a year-old trade war. But a comprehensive deal that includes remedies for China’s theft of intellectual property and forced technology transfer from American companies doing business in China may not be in the cards in closing out this round of trade talks. When China joined the World Trade Organization (WTO) in 2001, it was granted “developing country” status, which allowed it to nurture infant industries by levying high tariffs on imports from the U.S. and Europe even while China benefited from low tariffs on its exports into those same countries. Read More ›