Category “Economics”

Amazon’s Retail Revolution

British people now do more of their shopping online than any other nation and in 2013, tens of millions of British customers used Amazon to buy 4.5 billion pounds' worth of goods. The story of the growing use of Amazon is the story of the internet age. Time and again, founder Jeff Bezos has moved the goalposts for many industries. Publishers, retailers and even the French minister of culture criticise Amazon's practices and bemoan its sheer size, but Amazon defends its record for providing customers with choice and competitive prices. Furthermore, Bezos' confidence in his mantra of 'start...

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Why hate Ryanair?

BBC's Panorama takes it upon themselves to investigate the Irish budget airline known as "Ryanair". Ryanair is one of the fastest growing airlines, having only started with one plane back in 1985 and now has 200, flying to nearly 150 destinations in 26 different countries whilst offering customers low-cost fairs to fly, but to achieve these low prices the airline has had to sacrifice luxury and comfort. Ryanair is the airline everyone loves to hate but can't stop...

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Bitcoin: Bankers’ Worst Fear

A short documentary on the effects of the newish but controversial currency known as Bitcoin. Bitcoin is a distributed peer-to-peer digital currency that functions without the intermediation of any central authority. The concept was introduced in a 2008 paper by a pseudonymous developer known only as "Satoshi...

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China Rises: China or Bust

China, a superpower emerging at breakneck speed. It's the Holy Grail for risk-taking entrepreneurs. Every day, hundreds of British businessmen arrive full of hope and expectation. It's the land of opportunity. It's a place where dreams can come true. But Chinese entrepreneurs, unleashed after 50 years of communism, are taking no prisoners in their own relentless quest for wealth. In the wild east, only the toughest will survive. These British businessmen are risking everything as they venture into the real dragon's den. Who will make their fortune and who will return home penniless? Tony...

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Singapore: The World’s Richest City

China may soon be the birthplace to half the world's billionaires but Singapore - the world's richest city - is where they go to play. Some of the rich and famous who have moved to the tiny Southeast Asian island republic include Indian telecom tycoon Bhupendra Kumar Modi, Chinese movie superstars Gong Li and Jet Li, New Zealand billionaire Richard Chandler, and famed US investor Jim Rogers. One in six households in Singapore have a net worth of $1m, reflecting the flow of wealth eastwards as the centre of global economic activity shifts to Asia. With low taxes, a reliable, corruption-free...

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Richie Rich gets Richer

As countries like Greece and Spain struggle under huge debts that are impoverishing its people, the elites around the world are getting richer and richer. This documentary looks at the ever widening gap. There are customers that have up to 100 vehicles in their garage, Torsten Muller-Otvos from Rolls Royce tells us. A Rolls Royce is worth about half a million dollars and last year Rolls Royce sold more vehicles than ever before in their 100-year history, but then the luxury industry knows no crisis. Since 2009 the rich have become on average 6 percent richer each year. So while one in...

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Park Avenue: Money, Power and the American Dream

Academy Award-winning filmmaker Alex Gibney (Taxi to the Dark Side, Enron: The Smartest Guys in the Room) presents his take on the gap between rich and poor Americans in Park Avenue: Money, Power and the American Dream. Gibney contends that America’s richest citizens have “rigged the game in their favor,” and created unprecedented inequality in the United States. Nowhere, Gibney asserts, is this more evident than on Park Avenue in New York. 740 Park in Manhattan is currently home to the highest concentration of billionaires in the country. Across the river, less than five miles away,...

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Consumed

Consumerism has become the cornerstone of the post-industrial age. Using theories of evolutionary psychology to underpin a bold narrative of our times, this film takes a whirlwind tour through the “weird mental illness of consumerism”, showing how our insatiable appetite has driven us into “the jaws of the beast”. By the age of 20, the average westerner has seen one million commercial messages. With this kind of exposure, it is impossible to live in the modern world without being a product of consumer society. Now psychologists, like Geoffrey Miller, are saying that it is...

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The Brussels Business

European Union law (historically called "European Community law") is a body of treaties and legislation, such as Regulations and Directives, which have direct effect or indirect effect on the laws of European Union member states. The three sources of European Union law are primary law, secondary law and supplementary law. The main sources of primary law are the Treaties establishing the European Union. Secondary sources include regulations and directives which are based on the Treaties. The legislature of the European Union is principally composed of the European Parliament and the Council of...

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