25 karma · joined May 10, 2018
Since food and water are not constrained in this way (i.e. can be transported), local price increases are usually due to inefficient distribution (supply chain issues/spoilage) or global supply shortages. This assumes that people consume a relatively consistent amount of food/water.
I'm only a developer so I'm sure I'm missing Operations and Business perspectives. Would love to learn more.
People tend to only care about the inequality where they stand the most to gain. Most US citizens would benefit from wealth redistribution in US, but unhappy with a global redistribution since they would average down.
In some ways globalization is causing both increasing economic equality for labor and increasing inequality for capital providers.
Academic performance is mostly a disqualifier to figure out if someone would be successful enough. Harvard, doesn't really care about the GPA of its existing students which is why they also don't care about grade inflation. They're looking for signals that you'll succeed outside of academia. If you want to go to Harvard, stop looking at the application as a checklist. The best applicants are differentiated beyond the classroom.
Isn't this what Material Science is? A truncated version of physics for those with a greater interest in application than theory. Arguably most engineering derives from hard science that is converted into a form that is more easily applied.