The English Premier League (EPL) and the US National Basketball Association (NBA) are two of the most commercially successful sports leagues in history. While they share much in common, including their marketing excellence, their key differences accidentally serve as a great pedagogical tool for understanding how capitalism differs from socialism.
Technological progress is the primary reason many of us enjoy the comforts of modern life, as opposed to the squalor of the pre-industrial age. Moreover, rather than being a random phenomenon, it is the result of purposeful effort, most typically in the form or research and development (R&D).
Saudi Arabia has one of the lowest female labour force participation rates in the world. The government recently took a step toward raising that figure by legally allowing women to drive. Yet the issue remains complex, and perceptions about how socially acceptable it is for women to work surely play a role. A new study shows that Saudi society is changing faster than people think, and that simply demonstrating to men how supportive other men are of women working can make a significant contribution to female labour force participation.