The Group of Seven (G7), which consists of seven wealthy democracies including Canada, France, Germany, Italy, Japan, the UK, and the US, met over the weekend to consider a ‘global minimum corporate tax rate’. A new minimum rate of at least 15% was tentatively agreed on.
Adam Smith (1723-1790), explained why some countries were rich while others were poor in his 1776 seminal book The Wealth of Nations. Since Smith, and despite efforts by economists and government to explain differences between wealthy and poor nations, the wealth gap continues to widen. Several factors may determine to some degree the wealth of a nation. These include, but are not limited to decentralization, corruption, democracy, education, trade, and institutions.
International Organizations are assumed to possess international legal personalities that allow them to operate and represent themselves globally without the need for state authority.
Is there a moral right to immigrate? The philosopher Michael Huemer argued that humans have a distinct right to immigrate and that any government barring peaceful immigration was violating a basic right. He provided real life examples and analogies that help to understand the logic behind the right to immigrate.
The fabrication and distortion of truth in the media isn’t new; it’s been done since the dawn of the printing press and journalism, with new methods constantly being introduced to push certain agendas and narratives onto consumers.