North Korea has prided itself over the years on remaining relatively detached from the international community. During the Cold War, for instance, it refused to become a cog in the Soviet trading system that would have relegated it to supplying raw materials to and purchasing finished products from the imperial center. Instead, it remained economically…
Faced with a Congressional super-majority which threatened to override a would-be veto, Donald Trump has signed the sanctions bill which has received universal global criticism, including from America’s allies in the European Union. Trump signed the bill for the sake of what he called “national unity” while conceding the bill was “flawed”. Trump stated, “Today,…
What is the purpose of money? Where does it come from? Inequality generates trade and specialisation creates the need for money . A good money is widely marketable and must function as a genuine store of value, thus paper money should be consigned to the board game Monopoly. Inequality Leads To Trade In a state…
China has held a large parade honouring the 90th anniversary of the People’s Liberation Army (PLA). In addition to displays of cutting edge, never before seen weapons, China’s President Xi Jinping clarified the purpose of a large, modern and highly trained PLA in the 21st century. Speaking at a ceremony after the parade, Xi stated,…
Hundreds of far-right religious Israelis entered the Al-Aqsa Mosque compound in occupied East Jerusalem on Tuesday morning on the occasion of the Jewish holiday of Tisha B’av. Tisha B’Av notably commemorates the destruction of the First and Second Temple, which Jews believe were located where the Al-Aqsa Mosque compound, the third holiest site in Islam,…
The visit to Saudi Arabia by Iraq’s influential Shiite cleric Moqtada Al Sadr was welcomed by the Trump administration on Monday, and is seen by experts as a significant development for regional stability and countering Iran’s expansionism. The black-turbaned cleric sent a message to several quarters by meeting Saudi crown prince Mohammed bin Salman in Jeddah on…
