In times of extreme need, people that are looking to make a profit off of other people’s desperation are often looked down upon by society. While it is true that this method of making money is morally dubious, an argument can be made that it helps, and not harms the recovery effort.
Posts published in “Economics”
With the fall of Constantinople in 1453 by the Ottoman Turks, the nations of Western Europe were forced to look elsewhere for cheaper access to the luxurious spices flowing from the East and supplying the ever-more increasing demands of a growing European populace.
The only purpose of the business-driven mind is to produce products and services which put his or her competitors aside. For the only reason for such driven motivation is a matter of survival. In necessity and crisis, innovation is produced.
The reason why my parents immigrated from the impoverished state of South Korea to New York is that they were told America is the land of opportunity and freedom.
Capitalism vs Socialism. The age-old debate that was initially sparked by Karl Marx’s Communist Manifesto and the rise Ludwig von Mises's economic ideology. Throughout the 20th and 21rst century, the world has been split apart in both ideological and literal warfare.