Much of the focus of the imminent streaming war has been on consumers. Many believe consumers will be caught in the crossfire citing that the emergence of additional firms in the industry will minimize the amount of content a consumer can watch with one service, forcing the consumer to pay for multiple services rather than one or stick with a service that will have less content to offer than what the likes of Netflix, Hulu, and Amazon had just a few years ago. Consumers, they argue, will also see prices of individual subscriptions increase to pay for the production of more original content, pointing to Netflix’s recent price increase as evidence for this speculation. This school of thought has become highly popularized in the media with many uneasy about the future costs of streaming and speculating that in the future, consumers will have to pay more for less content as the upcoming streaming war progresses. However, despite the popularization of this argument, the notion that prices will increase as a direct result of the streaming wars is ill-founded. Not only will companies be forced to lower prices to compete in this crowded marketplace, but they will also be forced to produce original content without raising prices on consumers, contrary to popular thought. Continue reading Consumers Will Win Streaming Wars
Most concede that a Green New Deal would be an economic disaster. Achieving 100% renewable energies alone would cost an estimated $2.9 trillion, nearly a full year’s tax revenue. Despite these economic shortcomings, though, public support only continues to grow, with supporters citing its ability to mitigate climate change as more than enough justification for backing the deal. Realistically, the deal fails at addressing its intended goal of fighting climate change and overall, represents a misguided way to tackle climate change. Continue reading The Green New Deal’s Real Problem
With neighboring Canada and individual states such as California and Colorado legalizing marijuana, the fight for recreational marijuana legalization has become a highly contentious topic. However, when reviewing both sides of the debate the choice becomes clear. Long term, legalizing marijuana can be the most beneficial option for the United States.
Our current political era has left Americans more politically involved and simultaneously divided than ever before. Following the lead of consumers, many companies have left their previously neutral political stances and have intertwined themselves into the political debate. The reasoning behind these political stances has subsequently become a fierce topic of debate.Continue reading The Economics Behind Corporate Politics
Rising in popularity of recent, cryptocurrency has become one of the most intriguing “assets” in the world. Unlike many other investments, these assets have no real underlying value and are vastly different from traditional currencies, such as the euro and US dollar, which are backed by powerful central banks. These, relatively new instruments have opened up an unknown set of options for the market. While on one hand there has been much criticism surrounding these assets with some even calling for the end of cryptocurrencies due to their use to facilitate illegal transactions like buying drugs and other restricted substances as well as money laundering. However, despite all the negatives, cryptocurrencies have fostered a revolutionary technology in blockchain which has the potential of revolutionizing how we record and maintain information, and this should be encouraged. Continue reading Is Cryptocurrency Good for the World?