Does Economic Shock Therapy Really Work?

Does Economic Shock Therapy Really Work?

What is economic shock therapy? What unintended side-effects can economic shock therapy cause? Economic shock therapy is when a country removes its protectionist measures in hopes that new entrepreneurs will emerge. The goal is to take a government-controlled economy and turn it into a free-market economy. However, real-life examples proved that this method doesn’t work. Continue below for economist William Easterly’s take on economic shock therapy.

Surrounded by Idiots: The 4 Colors and Their Traits

Surrounded by Idiots: The 4 Colors and Their Traits

What are the traits of Thomas Erikson’s four personality colors? What are the negative perceptions of each color? In the book Surrounded by Idiots, colors are used to break down the most common personalities into four categories: Red, Yellow, Green, and Blue. Red and Yellow personalities are considered to be extroverted, while the Green and Blue personalities are introverted. Here’s a breakdown of the four colors and the negative perceptions of each.

The Interplay Between Culture and Sports Success

The Interplay Between Culture and Sports Success

What role does culture play in sports success? Is athletic ability a matter of nature or nurture? An athlete’s dedication to their sport is, at least in part, a product of socioeconomic factors and culture. Even the genetic advantages of a Nilotic body type, the ideal altitude circumstances, and the narrow lower legs of Kenyan runners still do not completely explain their running dominance. Let’s look at the interplay between culture and sports success.

Is Social Security Running Out of Money? No!

Is Social Security Running Out of Money? No!

Is Social Security running out of money? Why does modern monetary theory say the entitlement program crisis is a lie? Modern monetary theory (MMT) says that social entitlement programs such as Social Security and Medicaid will always be safe. This theory goes against the common belief that, due to the number of Baby Boomers, the social entitlement programs will run out of money and future generations will need to find alternative forms of aid. Keep reading for economist and MMT believer Stephanie Kelton’s take on the entitlement crisis.

The Federal Job Guarantee: Pros, Cons, and History

The Federal Job Guarantee: Pros, Cons, and History

Do you think having a job is a fundamental right for all people? What would the pros and cons of a federal job guarantee be? Has congress ever looked into making a program like this? Stephanie Kelton, economist and the author of The Deficit Myth, says that a federal job guarantee is crucial for establishing economic order. However, critics say that a program like this would cost too much and could lead to corruption. Continue reading to learn more about what a federal job guarantee could mean for the United States.

Why Kenyan Runners Excel: It’s More Than Genetics

Why Kenyan Runners Excel: It’s More Than Genetics

Why are Kenyans so good at distance running? Is Kenyan running dominance a matter of superior genetics? The statistics on Kenyan running dominance are impressive, and they certainly suggest a naturally superior running ability in Kenyan marathoners. However, Kenyans are not the only runners with body types ideally suited for distance running. According to David Epstein, the author of The Sports Gene, motivation—not just genetics—is a key component of Kenyan runners’ excellence. Here is what makes Kenyans exceptional in the sport.

Jamaican Runners: Nature or Nurture?

Jamaican Runners: Nature or Nurture?

Why are Jamaicans so good at sprinting? Is their sprinting ability a matter of training or genetics? Just as Kenya is known for producing talented distance runners, Jamaica is known for producing talented sprinters. Since Jamaicans have largely West African ancestry, a high ratio of fast-twitch muscle fibers may provide an initial advantage, but this doesn’t explain how Jamaica continues to produce so many elite sprinters. According to David Epstein, Jamaican culture can help explain why there are so many elite Jamaican runners. Here are three reasons why Jamaica produces a disproportionately large number of elite sprinters.

The Effect of Culture on Body Image

The Effect of Culture on Body Image

How does modern culture encourage shame around the body? How does body shaming affect self-esteem? Cultural ideals have pressured women into achieving a certain body type for centuries. The effects of harmful messaging around the body are not so easy to overcome because our culture encourages them. According to Emily Nagoski, the two ways in which this is accomplished are by distorting self-criticism into something positive and convincing women that fat is something to avoid at all costs. Let’s look at the effect of culture on body image.