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An argument for the market economy is that it enables social mobility, so that persons willing to work hard and use talents can do better than their parents and move up in income level.  Yet this is proving to be wrong as there is less social mobility in developed countries, and even less so in developing economies. In the U.S. it would take 5 generations or 100 years, says this OECD report, for someone in the bottom 10% of earners to secure an average income. Even in a country like Denmark it will now take 2 generations or 40 years. In Colombia it would take 11 generations, almost as long as the country has been separate from Spain. Globally, says OECD, the social mobility was better before 1975. OECD's Gabriela Ramos, the chief of staff, says families and communities have been trapped since the 1980's at the bottom rung of the social ladder. In the U.S. 42% of men with low earning fathers end up in the same income level, much higher than the OECD's 31%. At the other end 48% in high income groups see descendents in the same group, similar in the U.S. and Germany. This the OECD says is bad for economic growth in the long run. This "broken elevator" is causing a backlash against the market economy and democracy, disturbing the social cohesion in society. The answer says the OECD, is to provide federal funds to make up for gaps in education so that access to higher education is provided to people on a broad level to include all parts of society. ...

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German president Scholz visits Japan with 6 members of his cabinet. He will hold the inaugural session of intergovernmental consultations the two countries plan to hold every year. Japan is keen to understand the German position on relations with China. Prof. Shigemura of Waseda University says prime minister Kishida want to get a first hand understanding of Germany's policy towards China and on the Ukraine situation. Shigemura says Japan is deeply worried that Germany and other countries still want to cooperate with China, despite the problems seen in the Indo-Pacific region. Germany is seen as not having taken the steps to change its economic relations with China after the Russian invasion of Ukraine, which has not drawn criticism from China.

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The EU has set a goal of getting 20 million tons of grain exports out of Ukraine in 3 months using EU transport infrastructure. This is vital to feed many parts of the world. Ukraine exported 44 million tons in the 2020-2021 growing season. Russia is conducting a blockade of Odessa on the Black Sea to prevent Ukraine exports from leaving.

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Jonathan Kanter is one of the leaders of a movement that sees big tech companies as monopolists in the tradition of the 19th century railroad and oil companies that gave the original inspiration for the anitrust laws of the United States. Laws that created a better America by building competition in the marketplace and ensuring fairness.

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Without Penny Mordaunt who is strong at the grassroots of the Tory party, the contest in the UK Tory party will come down to a contest between Rishi Sunak and Liz Truss, which will do no service for the Tories and no good for the country, says this editorial in The Guardian. But first Ms. Mordaunt has to pass the tests of the others allying against her, says The Guardian. The Guardian view is the the Tory party is incapable of uniting behind a leader, much less unite the country.

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India's foreign minister S. Jaishankar says a lot has been done at the G-20 meetings in India. He says 95% of the countries agree on the communique put out by the G-20. The idea that peace in Europe can be achieved at G-20 meetings in India is not realistic he says as the G-20 was not designed for this purpose of tackling troublespots like Ukraine. What the G-20 has done is bring countries in Europe and North America together with India to understand the problems stemming from the conflict in Ukraine on food security and from the debt crises in some parts of Asia. 

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Dr. Andrew Pollard and the invention of Covishield vaccine at Oxford University in Britain in 12 months, that has saved the world, with 2.6 billion doses given. It is in its final act says this report in The Guardian with 3 billion doses to go for the 3 billion people in the world that have not received a dose. Billions of people in India, other Asian countries, Latin America and Africa depend on this vaccine during this pandemic.

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The pernicious effect of social media and television media coverage is to be seen as Kate Middleton is deprived of the privacy she needs.

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Japan's baseball pitcher Yoshinobu Yamamoto is signing with the Los Angeles Dodgers for $325 million over 12 year contract. Yamamoto was Japan's best pitcher for 3 years. He joins Shohei Ohtani another Japanese baseball player who also joined the LA Dodgers. 

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Brexit had unintended consequences. Ads on buses showed waves of immigrants pouring into Britain, which was not the case as this was taking place in central Europe under Merkel only for a while till it was reversed.  Yet Brexit happened with support from anti-immigrant sentiment, and working class communities in the north of England left behind by Blair's Labor. This report in the Times of London shows a prime minister from an immigrant family who leads the same Tory party today which has also forgotten working class communities that were never its base, leaving Labor an opportunity to assert its claim to serve the whole British people.