FinTech Today

Read Time: 5 mins Now we have all seen the turmoil which the coronavirus has created for all of us. We have been seated all the while, seeing our economy shrinking, countries such as Germany and South Korea entering a state of recession because of COVID dragging down their exports, the death rates escalating, the desperation to get nominal healthcare facilities, and much more!  Talking about the stock markets, Dow Jones IA, FTSE 100, NIFTY all plunged by 40%,35%, and 38% respectively . Now we know that the race for the vaccine is ongoing and when will these unprecedented time end, we have no clue. Will we see a second wave? Will the vaccine work as the virus is a mutant? We have no idea but what we know is that the economy is recovering! So let's have a look at how economies usually recover! This is not the first time the economy has shrunken by this much, we have seen worst in the past and have recovered from it and so we will from this pandemic. During the Great Depression1929, w...

Read Time: 4 mins As the world is suffering from the coronavirus pandemic. It is really important to understand how the measures taken by certain governments are going to affect their respective economies and the economy worldwide. As we know that the majority of the firms these days work on Capitalism and that has led us to cheaper solutions to the majority of our stuff. But is Capitalism really good for us and should we keep up with the flow and let Capitalism grow like it is or should we focus to drive Socialism instead? Let's deep-dive and understand that how the surroundings are changing and what COVID-19 may lead us to. First of all, let's understand what Capitalism is? C apitalism is basically an economic and political system wherein a country's industries and trade are managed and controlled by private owners, also known as shareholders, on a for-profit basis. Although no country is fully Capitalized here is a list of countries wherein the majority is con...