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The Stock Market Crash of 1929 and the Beginning of the Great Depression
Before You Begin If you don’t know the background of this complicated story, you might want to first read a shorter version that introduces some of the key factors explaining the Crash and the Depression. See, Introduction to the Stock Market Crash of 1929 and the Beginning of the Great Depression Before reading this essay,…
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Introduction to the Stock Market Crash of 1929 and the Start of the Great Depression
INTRODUCTION Before reading this essay, I strongly recommend you see the PBS video on YouTube. Type in Stock Market Crash 1929. Look for US – The Crash of 1929 (PBS), ALLHISTORIES – PLAYLIST. Documentary broken into 6 parts to show commercials. Or purchase video on Amazon. Great documentary with wonderful photos, videos, and scenes from movies of…
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China’s Economy, Politics, and Demography
SUMMARY China’s dominance of the interconnected group of high-tech products will make China the dominant manufacturing country in the world. China will also dominate the global economy, exporting its high-growth products at falling prices and developing joint production in many countries. This includes renewable energy. China is the world’s largest and lowest-cost producer of…
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The Strange Political Economics of the Chinese Auto Industry
Chinese (BYD) Dancing Car Video link in text This is a case study of one country’s relationship with private companies in a major industry. The central government has made the production of EVs a national priority with massive subsidies. The provincial, county, and local…
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Robots. “IT’S ALIVE”
All Together Now, Comrades Robot Production and Use in 2024 This is a summary of 2024 statistics from Google AI. Most of the numbers come from the annual report of the International Federation of Robotics. In 2024, over 542,000 industrial robots were installed globally. This was a 10% increase from the previous year, with Asia leading…
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China’s Economic Statistics
The Wall Street Journal recently published an article on how China has stopped publishing important economic statistics. The article also implies that some economic statistics are manipulated. Getting reliable figures has always been a problem. Years ago I read a thorough analysis of Chinese figures that indicated China was overestimating its real GDP growth rate by 2%…