The Venezuelan crisis today is the epitome of a socialist nightmare, with protests, riots, looting, more than 60 dead, 1000 injured, and over 2,700 arrested. But how did a country rich with natural resources, including having the world’s largest oil reserves, get to how it is today, where people have to queue for hours to shop for food and where disease is rampant due to a shortage of medicine? Why do its citizens want President Maduro to step down given his socialist platform claims to have the people’s interests in mind?

Through this episode, we will be exploring how the socialist system, rather than just president Maduro, was responsible for the problems of today. Along the way, we will be discussing the underlying relationship between individuals and the state in a socialist country, and how it becomes a breeding ground for corruption, political abuse, and economic mismanagement.

Follow these pages to keep up with the latest episodes and for supplemental content!

Website: www.economicalricepodcast.com

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Do you roll your eyes whenever you hear a startup mention the word “disruption”? Do you cringe when you see a new product touted as the next best invention, only to be forgotten months later? Well, today’s episode will be looking at how disruptive innovations actually looked like in the 20th century, through the lens of 2 case examples, the washing machine and the electronic spreadsheet. Through this episode, we will be exploring how the modern day washing machine was an “engine of liberation” for women, and how the electronic spreadsheet changed the way entrepreneurs assessed risk.

P.S check out the new website! And subscribe on iTunes (iOS) or Stitcher (android) for automatic updates on new episodes. Leave a rating and review as well, it helps a lot!

Episode material:

Washing Machine: https://capx.co/how-capitalism-is-setting-washerwomen-free/

Spreadsheets: http://www.npr.org/sections/money/2015/02/25/389027988/episode-606-spreadsheets

Follow these pages to keep up with the latest episodes and for supplemental content!

Website: www.economicalricepodcast.com

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Twitter: www.twitter.com/econricepodcast

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What does being a capitalist mean in today’s society? Are they all evil selfish bankers who are only out to hurt the little guy? Where does capitalism fit in on the spectrum of economic possibilities?

Today, with the show’s very first guest and founder of the Singapore Chapter of Students for Liberty, Bryan Cheang, we attempt to establish what the grounds for capitalism are and how it fits in Singapore today. Also, we will be looking into Bryan’s past as well as what his aspirations are for his educational organization, Students for Liberty.

You can find Students for Liberty at:

Website: www.sflsg.wordpress.com

Facebook: www.facebook.com/SingaporeSFL

The event page for the talk “LGBT Rights & Market Capitalism” can be found at:

www.facebook.com/events/169909483540140

Follow these pages to keep up with the latest episodes and for supplemental content!

Website: www.economicalricepodcast.com

Facebook: www.facebook.com/economicalricepodcast

Instagram: www.instagram.com/economicalricepodcast

Twitter: www.twitter.com/econricepodcast

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In Ep3 One Belt One Road: The project of the century,

We will be going through what this project entails, and some of its key features. After which, we will go through some of the possible benefits and risks that are associated with this project, and discuss what implications this might have for Singaporeans in the near future.

The points covered in this episode include:

- What the One Belt One Road (OBOR) project consists of

Link to OBOR map: https://www.merics.org/en/merics-analysis/china-mapping/china-mapping/

- What are some of the planned projects at the moment

- How the OBOR can be an economic boon

- How the OBOR can help China politically

- How the OBOR might find difficulty funding its projects

- How the OBOR might be seen as a political threat

- And lastly, what implications the OBOR has for Singapore in the near future.

Follow these pages to keep up with the latest episodes and for supplemental content!

**P.S. at one point in the episode I said that the U.S had 0% GDP growth for 2017 Q1, this should be 0.7%.

Website: www.economicalricepodcast.com

Facebook: www.facebook.com/economicalricepodcast

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Twitter: www.twitter.com/econricepodcast

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In Ep2 Economic Growth: How we “sellout” for prosperity,

We will be discussing the different costs that we make in trying to achieve economic growth. These costs will be explored through 3 different cases, a BBC radio 4 podcast about losing one’s accent, the British parliament choosing to forgo the tradition of using parchment (or vellum a kind of calfskin) for record documentation, and lastly, from 2 youtube videos touching on the topic of environmental damage in China and India.

The economic lessons covered in this episode include:

- How not every economic cost is tangible

- How economic costs are not always immediately apparent

- How the loss of a custom is through the aggregate of individual decisions

- How there is a cost to maintaining traditions

- How we need to be careful in picking our battles in economic growth

- How we should never underestimate incentives

- And lastly, how environmental damage is a necessary evil

Follow these pages to keep up with the latest episodes and for supplemental content!

Website: www.economicalricepodcast.com

Facebook: www.facebook.com/economicalricepodcast

Instagram: www.instagram.com/economicalricepodcast

Twitter: www.twitter.com/econricepodcast

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In Ep1 Financial Literacy: Why it matters,

We will be discussing the reasons as to why financial literacy is so important in today's society, whether formal financial education programs should be implemented, and a brief overview of the state of financial literacy in Singapore today.

These include:

- Making the right choices in key economic decisions such as purchasing a car or house

- Understanding the upside benefits of being risk averse

- Exploring research on the effectiveness of financial literacy programs

- Considering the potential costs of implementing a broad-based financial literacy program

- Understanding the state of financial literacy in Singapore and the government's role in promoting financial education

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In Ep0 Pilot: Goals & Values,

We will be discussing the the 2 broad drivers behind the reason for starting this podcast as well as the values that will guide these drivers along the way.

These 2 drivers are:

- Exploring the economic realities of our capitalistic society and delivering the findings in the form of an infotainment product.

- Developing the nascent podcast scene in Singapore

Thanks for listening!

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