“Do you know what the driving force behind economic progress is and that we are getting a little better all the time?” Is it scientific knowledge? Technological progress? Are entrepreneurs behind it? New investments? Or a combination of all of these? One process is behind all these reasons. Competition
Imagine the owner of a candy store, whose window is broken by boys playing football. People run around the scene of the accident, pitty the owner and blame and rebuke the naughty. Nevertheless, there are some people among the crowd who say that a broken window also has its bright economic side. A broken window means work for the window maker. For the money he earns he can now buy bread, for example. That’s how the baker has a job.
You have probably noticed that the world “globalization” evokes passions and even protests. “The rich become richer and the poor are poorer!” shout some of protesters. “Globalization causes the loss of national culture and identity,” is shouted by others. But is globalization really dangerous? Does it need to be slowed down or regulated?
Karl fights for socialism, Che holds a red flag and he’s saying something about communism, and Adolfo is not ashamed and even supports fascism. There are “Isms” everywhere. However, one of them is quite nice – as it deals with personal freedom.
Singapore ranked first in the 2020 edition of the Smart Cities Index, which aims to assess cities in terms of citizens’ needs. Bratislava ranked 76th out of 109 cities with a year-on-year improvement of 8 places.
While many countries in the CEE region have had a recent experience of a successful economic transformation, few are doing great in preparation for the new wave of the industrial revolution.
Some people claim that the main reason why gold became money was that women liked it. Others claim that it is the faith that makes us use a certain good as money. By that logic, even water could become money just by virtue of us having faith in it.
Today, the bestknown cryptosystem, i.e. cryptocurrency is Bitcoin. However, not many people recognise the revolutionary potential which cryptosystems entail — the paradigm shift in many social phenomena, not only those of a financial nature.
Last week Bratislava had yet again the honor of hosting some of the world’s leading experts in the subject at the conference entitled ‘The Future of Money 3.0′ organized by the F. A. Hayek Foundation in Hotel Devin on Thursday, November 26, 2015.