Tag: Global Economics

Business Scene: Farming and Plastic Bags

Business Scene: Farming and Plastic Bags

Welcome to Business Scene. I’m Ira Mellman. The nondescript building on an industrial site near Kyoto, Japan gives little hint to the productivity inside: 30,000 heads of lettuce grow here every day, under artificial light and with barely any human intervention. This “vegetable factory”, using the latest vertical farming techniques, is part of a trend …

Adam Smith: Morality & Markets – Is the System Rigged?

Adam Smith: Morality & Markets – Is the System Rigged?

Corruption, fraud, and greed continue to dominate media here in the United States and around the world. As high unemployment and wage stagnation plague the middle class…and growing income inequality has caused millions to wonder: is the system rigged? Is the free market, in its very nature, corrupt? What is the relationship between morality and …