White Collar: The Banking Edition (Issue 3)

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WHITE COLLAR ISSUE 002

The Threat of Economic Colonization. HOW KENYAN SOCIAL MEDIA HAS POINTED OUT TO THE BIGGER PROBLEM The game of Monopoly is an interesting pass time. It also offers a lot of life lessons. The game is marked with euphoric victories and crushing spirals into defeat. The game is played as a combination of luck (rolling the dice) and strategy. Each player does their best to gather territories, build on them to raise their value and charge rent to the other passing players. When the rent becomes too steep for a passing player to pay, he then has to bow out of the game and surrender all his remaining properties to his creditor. In an attempt to explain capitalism and danger of monopolistic entities, the comedian Louise C.K describes playing a game of monopoly with his daughter. He casts the audience in her place and speaks to them as though they were her. And slowly and masterfully highlights the reality of property loss to large monopolistic institutions.

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He does this through a comedic lens, to indirectly point at the harsh truth. The strategies outlined in these juvenile board games may seem direct and easily noticeable; however it is astonishing to see them applied in real life. The Country of China is an economic power-house! The Chinese companies price their goods and services at aggressively low prices in order to get a larger market share. They have slowly established themselves as the world’s manufacturing hub with companies as large as Apple having their factories there. The low prices allow for companies to provide products at competitive prices while still making a profit.

A MAGAZINE FOR THE CAREER-PERSON AND ENTREPRENEUR


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