Documents tagged "Marginal"
Found 2 documents with this tag
HOUSE_OVERSIGHT_029355.txt
The document discusses how powerful industry leaders often try to prevent entry of new enterprises and innovations to protect their capital investments. However, this can create a positive-feedback loop by preventing capital from investing in profitable new opportunities, leading to an economic stall. The author cites a struggle between capitalist and capitalist as described by Lange, who suggests that attempts to block economic progress always fail due to the constant search for innovation by entrepreneurs. In the long run, productivity continually pushes costs and prices down, forcing profit margins to shrink. Despite this, some economists like Keynes have expressed optimism about the prospect of nearly free goods and services in the future.
HOUSE_OVERSIGHT_025115.txt
The document discusses China's Belt and Road Initiative, a massive infrastructure project designed to improve trade connections between East Asia and Western Europe. The initiative aims to provide new growth opportunities for the world economy, particularly by increasing connectivity among economies along its routes. While some in Europe may not be fully aware of the initiative, newly elected French President Emmanuel Macron could potentially accelerate European interest in it. By investing in infrastructure improvements, China hopes to boost trade and increase the internationalization of its currency, ultimately transforming its growth towards quality. Cooperation with the EU under this initiative could help achieve economic growth targets while fostering a sense of shared destiny among countries involved.