Did you know? (Economy, Culture, and Finance)

Why Europe Can’t Build Tech Giants

If you pull up a list of Europe’s most valuable companies, the names that rise to the top look very different from what you see in the United States. Louis Vuitton. Hermès. L’Oréal. Novo Nordisk. Luxury. Fashion. Perfume. Pharmaceuticals.  Not social media. Not AI labs. Not search engines. Not trillion-dollar software platforms. And for a lot of people, that feels strange. Because Europe is rich. Europe is educated. Europe is technologically advanced. It has some of the best universities in the world. Some of the best engineers. Some of the best designers. Some of the best scientists. So the obvious question is why: why isn't Europe dominating in some of the newest frontiers of technology? And why does Europe instead dominate the “old world” economy while the “new world” economy is overwhelmingly American and Chinese?

America's Rise as a Gambling Nation (Get Rich or Die Trying Economy)

Did you know America is turning into a nation of degenerate gamblers? Not long ago, ruining your financial future took effort. You had to drive to a casino, and hand your cash to a stranger across the table. There was friction, a pause just long enough to think, “This is a bad idea.” Now there is no pause.

Switzerland: The Most Indebted "Rich" People in the World

When you think of Switzerland, you think of wealth. You think of stability. You think of banks filled with gold and a population that is financially prudent, conservative, and incredibly rich. But what if I told you that by one crucial metric, the Swiss are the most indebted households on the face of the earth?

Australia Forced Everyone to Invest, And It Worked

When you think of the richest country on Earth, what comes to mind? The United States, right? Land of opportunity, home of the world's biggest companies, and the stomping ground of the centi-billionaires. And if you look at average wealth, you’d be right. Take all the money in America, divide it by the number of people, and the number is astronomical. But that average is heavily skewed by the super-rich at the very top.

Why Soft Power Like Boys Love (BL) Can't Develop Organically in China

In June 2019 the show Untamed became the most-watched series in Asian television history.It had over 10 billion views and as of today, it has over 79 billion views across all platforms.