economics
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electric trains and excavators
In some countries, most trains are powered by overhead electric lines. In America, most trains are powered by diesel engines. Why?
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Why has nuclear power gotten more expensive since 1970?
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If there was technological improvement, shouldn't things be at least a little bit cheaper?
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One way of looking at the economy as a whole at a high level is to consider the flow of energy.
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When most of the money is held by rich people, the economy adapts to their desires.
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Oligopolies can lead to underinvestment in raw material production.
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What has China been doing right?
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This is a summary of some disagreements I have with contemporary American neoliberal economics.
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America doesn't break up big companies the way it used to.