Trade War Central

The US dollar has served as a dominant medium of exchange and store of value in international commerce for decades. Its role is closely tied to the strength of the US economy, the extensive global networks of financial institutions that settle transactions in dollars, and the perception of the dollar as a relatively stable and safe store of wealth. Important commodities like oil, gold, and other raw materials are commonly priced in dollars, reinforcing the currency’s use in cross-border trade. Central banks worldwide hold the dollar in their foreign reserves, which further sustains its international prominence.

In the landscape of global economics and geopolitics, the acronym BRICS has emerged as a symbol of the shifting balance of power, representing Brazil, Russia, India, China, and South Africa. Initially coined by Goldman Sachs economist Jim O’Neill in 2001 to describe the rising economic might of Brazil, Russia, India, and China, the grouping expanded to include South Africa in 2010, leading to its current acronym. BRICS has since evolved from an economic label into a significant international coalition, challenging the traditional Western-centric global order.

Global catastrophic risks represent threats with the potential to harm or permanently set back human civilization on a global scale. RAND Corporation’s “Global Catastrophic Risk Assessment” provides a comprehensive evaluation of high-stakes, low-probability events that could impact the future of humanity. Initiated in response to the “Global Catastrophic Risk Management Act” (GCRMA) of 2022, this assessment focuses on key threats: artificial intelligence, asteroid and comet impacts, nuclear war, severe climate change, pandemics, and supervolcanoes. The report explores these risks, addressing both their causes and potential mitigation strategies. Through these evaluations, RAND identifies areas where policy, scientific research, and international cooperation could play essential roles in preparing for, preventing, and responding to catastrophic events.

Science fiction has long been a mirror to society’s hopes, fears, and speculative ventures, particularly when it comes to the exploration and economic exploitation of space. Here, we delve into how several seminal works explore the economic aspects of a space-faring civilization.

In the visionary world of Star Trek, humanity has transcended the economic struggles that have plagued it for centuries. Gone are the concepts of poverty, greed, and the relentless pursuit of wealth. The Federation, Star Trek’s central interstellar civilization, operates on a post-scarcity model where technology has eliminated material want, and individuals strive for self-betterment rather than financial gain. But how exactly does this seemingly utopian economy function? This article reviews the mechanics of the Star Trek economy, its foundations, and the questions it raises for our own economic systems.