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Piketty’s Capital

With the success of the free market system in China and the collapse of the Soviet Union, the world has reached consensus over the best economic system. Capitalism is now the standard way of organizing most economies around the world. Along with its wide adoption, came the creed that capitalism creates prosperity and raises people out of poverty. This seems true more than ever in the 21st century developing nations. In China, for example, more people have risen from poverty and a middle class has been created. Prosperity has always been the promise of capitalism in western nations. In America, in particular, the Baby Boom generation grew up in a world where one’s labor allowed her to access a middle-class standard of living providing for herself and her children. However, in the 21st century Western World and while China was rising under the eyes of everyone, a new reality started to set in. This fact has been brewing since the end of the miracle 1990s decade but has been primari...

History is not ending any time soon

The famous 19th century german philosopher Georg Wilhelm Friedrich Hegel coined the term “End of History” to signify the point in time when all fundamental human issues relating to existence have been resolved. He believed that History had ended when Napoleon beat the prussian army in the battle of Jena. For Hegel Napoleon signified the aspirations of the french revolution for: Liberty, Equality, Fraternity and Secularism. These are the fundamental human values that solve all human issues. Francis Fukuyama the Neoconservative american political scientist would claim that history has ended in the 1990s with the end of the cold war. For him, western democracy and capitalism are the triumphant principles that all human beings will aspire to implement in their nations. Yet, today writing in 2015 we see that history is doesn’t seem to have ended. Secular Democracy is challenged in the islamic world with the concepts of islamic democracy and islamic theocracy. ISIS while being ...