by Aseem Gupta | May 28, 2025 | Economics, Markets & Money
The easy answer is oil. Norway is rich because it found oil in the North Sea, sold it to the world, and used the money to build one of the most comfortable societies on earth. That answer is not wrong. It is just incomplete. Many countries have discovered oil. Many...
by Aseem Gupta | Apr 6, 2024 | Economics, Markets & Money
Canada used to sell a simple promise. Work hard. Find a decent job. Buy a home. Raise a family. Live in a safe neighborhood. Save a little. Retire with dignity. It was not a fantasy. For much of the postwar era, this was the basic middle-class bargain in Canada. The...
by Aseem Gupta | Mar 27, 2024 | Economics, Markets & Money
Switzerland looks like a country designed to lose. It is small. It is landlocked. Much of it is mountainous. It has no ocean ports, no vast oil fields, no great mineral empire, and no single language holding the country together. It sits in the middle of Europe,...
by Aseem Gupta | Jan 5, 2016 | Economics, Markets & Money
The Great Depression is often remembered as an American disaster: Wall Street crashed, banks failed, breadlines grew, and the United States sank into the worst economic crisis of the modern age. But the Depression did not stay American. Across Europe, it became...
by Aseem Gupta | Jan 4, 2016 | Economics, Markets & Money
The Crisis Was Bigger Than a Housing Crash The 2008 financial crisis is often described as a housing crash. That is true, but only in the same way a heart attack is a blood-flow problem. Technically correct. Not nearly enough. The crisis began with houses, mortgages,...
by Aseem Gupta | Jan 3, 2016 | Economics, Markets & Money
The Great Depression is often remembered through a few familiar images: desperate crowds outside banks, men standing in breadlines, families leaving dust-covered farms, and Franklin D. Roosevelt promising a New Deal. But those images can make the story look simpler...
