In 1980, China’s economy was smaller than Pakistan’s. After growing by more than 10% annually over the past 30 years, China’s economy is expected to surpass the U.S. by 2028.
There is an African Union which aims to have a currency union similar to the Euro. One suggested name for this currency union is the “Afro.”
More than 40% of the Fortune 500 companies in 2010 were founded by an immigrant or the child of an immigrant.
There is a “Buy Nothing Day” (BND), an international day of protest against consumerism. The first BND was organized in Canada in 1992 “as a day for society to examine the issue of over-consumption.”
North Korea revalued its currency in 2009. Citizens were given a week to exchange old money for new, and were only permitted to exchange a certain amount of currency, worth something like $120 US at the time. This completely wiped out savings for many families.
Knife manufacturer, Victorinox, claims never to have had to lay off an employee. To avoid this they set aside profits during boom periods to supplement recessionary periods, as well as temporarily contracting employees to other companies as outsourced labor during recessions.
The welfare state was originally a right-wing invention by arch-conservative Otto von Bismarck. Bismarck hated socialism, but he wasn’t an ideologue. He figured out that if you don’t provide a minimum safety net to workers, they will be persuaded by the socialists.
In exchange for Pepsi products, Russia gave Pepsi 17 submarines, a cruiser, a frigate, and a destroyer. At the time, it was 7th largest submarine fleet in the world.