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Economics Explained

99 Cards across 6 Sources·Added to Korva by @danielrenwick

Why Is the World In So Much Debt19 Cards

Over 25 years, the world created $35 of new wealth for every $1 of net new investment.

@danielrenwick added

Real estate accounts for nearly 70% of humanity’s cumulative real wealth, despite the frenzy over AI and technology.

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The Economy Gave Up On Young People ... It's Starting To Show17 Cards

Between late 2022 and mid-2025, new-worker employment in AI-exposed occupations fell 6% while older-worker employment grew.

@danielrenwick added

Companies dropped degree requirements publicly, yet fewer than one in 700 new hires benefited. A degree remains effectively required.

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Cuba Was Barely Holding On… And Then The Oil Ran Out17 Cards

With 84% of water-pumping systems dependent on electricity, about one million Cubans needed diesel tanker trucks for clean water.

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After Cuba’s 2021 devaluation, a $200 import’s accounting cost jumped from 200 pesos to 4,800 pesos overnight.

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The End Game of U.K Economics16 Cards

In 2023, dependents of UK health and care workers outnumbered the main applicants receiving those visas.

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A Kyrgyz farm worker could earn £15,862 in six UK months versus roughly £2,518 annually at home.

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How Kim Jong Un "Accidentally" Fixed North Korea's Economy15 Cards

An estimated 6,000–7,000 North Korean young men became casualties after being sent to fight in a war across the continent.

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Since 2023, North Korea has shipped Russia about 6,700 munitions containers, potentially holding millions of artillery rounds, South Korean intelligence estimates.

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Where Has Venezuela's Oil Gone?15 Cards

ConocoPhillips won more than $8.5 billion in World Bank arbitration, above $12 billion with interest, plus a separate $2 billion ICC award.

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A Qatari account became the neutral middleman, holding Venezuela’s oil proceeds while US-approved allowances funded operations.

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