Two Vital Reasons to Support Immigration

Contrary to the paranoia expressed by anti-immigration groups such as Migrant Watch UK, there are good reasons to support immigration in the UK. One reason is based on libertarian principles. The other reason is based on utilitarian considerations – the economic benefits that immigrants can stimulate. One of our basic freedoms is freedom of movement.…

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Gift Economy: Living Without Money

A gift economy is a model of exchange where valuables or some commodity is given away without an agreement for an immediate or future reward. Every transaction involves either giving or receiving gifts and presents. In a gift economy, there is no money and there is no private property. At first sight, a gift economy seems…

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Fracking: Dodgy Economics, Health Risks, and Environmental Concerns

First of all, what is ‘fracking’? Hydraulic fracturing, also known as ‘fracking’, involves fracturing shale rock by means of hydraulic pressure – what you do is drill into the ground and inject fluid (water and chemical additives) at a high pressure. Once the shale rock is fractured, shale gas can be extracted and then used…

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A Critical Look at Sweatshops

Sweatshops entail long hours with no breaks, terrible working conditions, a disgracefully low pay, abuse from employers and sometimes, worst of all, an abuse of child labour laws. Sweatshops are responsible for violating these workers’ human rights and for breaching laws relating to overtime and minimum wage. Some of the human rights that sweatshops breach,…

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Cryptocurrency: A Viable Alternative to Paper Money?

Cryptocurrency is digital money which relies on cryptography. Cryptography is the art of protecting information by transforming (encrypting) it into an unreadable format. Someone has to have a “secret key” in order to decipher (decrypt) the information so that it makes sense again.  The most well-known form of cryptocurrency, which is constantly rising in popularity, is…

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