Friday, October 10, 2025

Polaris of Enlightenment

One in twelve children have parents with debts to the Swedish Enforcement Authority

Published 19 June 2023
– By Editorial Staff
Almost 200 000 children have parents who have debts with the Swedish Enforcement Authority.
2 minute read

180 000 children in Sweden have parents who have a case with Kronofogden, which is the name of the Swedish Enforcement Authority in charge of debt collection. Both the highest and lowest proportion of indebted parents are found in municipalities in Skåne.

Before the summer holidays, many children in Sweden worry about money and food prices, something that has increased significantly since 2022. Children tell how the adults argue more about money and worry about not being able to do anything during the summer’s free weeks, something that we reported on a few days ago.

Every twelfth child in Sweden grows up in a family where at least one parent has debts or ongoing debt restructuring with Kronofogden. This is a figure of 180,000 children, writes Bris (the organization for children’s rights in society) in a press release, which is an increase of 4 percent since last year.

The highest proportion of children with indebted parents can be found in Perstorp municipality in Skåne, where 22.9 percent have cases with Kronofogden. In second place is Ljusnarsberg municipality in Örebro County, where the figure is 21.4 percent. Then comes Bjuv municipality in Skåne. Lomma in Skåne has the lowest rate in the country, 1.7 percent, followed by Danderyd and Vellinge. Unemployment, average income and level of education are also factors that can contribute to the differences.

– In social crises, it is often those with the smallest margins that are hit the hardest. When everything becomes more expensive and more families struggle to make ends meet, children are affected. This can lead to increased anxiety and conflicts at home, and can mean that children’s opportunities to participate in leisure activities and social contexts on equal terms with other children are limited. It is worrying that we now see more children living in families where the money is not enough and we need to see changes to ensure every child’s right to a safe upbringing, says Marie Angsell, expert social worker at Bris.

Since the establishment of the Convention on the Rights of the Child, Kronofogden has become more cautious in decisions where children are involved. This may, for example, involve refraining from seizing assets such as cars or homes in cases where this would worsen living conditions for children.

Bris and Kronofogden also work together to support children who are worried about their family’s finances, primarily by disseminating information to children that they are not alone in their situation and that there is always someone to talk to.

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Bitcoin reaches new record – surpasses $125,000 in value

Alternative economic systems

Published 5 October 2025
– By Editorial Staff
1 minute read

The world’s leading cryptocurrency continues its rise and hit a new all-time high on Sunday, driven by dollar weakness and strong inflows to bitcoin ETFs.

Bitcoin rose to $125,689 on Sunday, once again reaching new record levels. The previous record was set in mid-August when the cryptocurrency reached $124,480.

The rise comes after eight straight days of gains, supported by positive developments in US stock markets and increasing investments in bitcoin ETFs – exchange-traded funds that allow investors to gain exposure to bitcoin without having to buy and store the cryptocurrency themselves. Meanwhile, the US dollar has weakened against most major currencies, partly due to uncertainty surrounding a possible US government shutdown.

Joshua Lim, analyst at crypto broker Falcon X, sees a clear connection:

With many assets at record levels, it’s not surprising that bitcoin is benefiting from dollar weakness.

Since the beginning of the year, bitcoin has risen over 30 percent, benefiting from more crypto-friendly policies under President Donald Trump’s administration and increased institutional interest in digital assets.

Gold prices at record levels

Published 29 September 2025
– By Editorial Staff
Experts worry about the soaring price of gold.
1 minute read

During the summer and fall of this year, gold prices have risen by over 40 percent, leading to trading near $3,800 per ounce. The sharp increase has raised concerns among economists and investors.

One of the primary factors behind the price increase is US President Donald Trump’s policy, which aims to reduce America’s national debt. As part of this strategy, Trump hopes to weaken the dollar, making gold more attractive as a safe haven asset.

A weaker dollar makes gold cheaper for investors in other currencies, further driving up demand. Currently, one US dollar costs approximately €0.85, which represents a notable depreciation in just a few months.

Several major banks have raised their forecasts for gold prices. Goldman Sachs predicts that prices could rise to over $4,000 per ounce within a year, provided that central banks continue buying gold and investors increase their gold positions.

Despite the positive development, there are also warnings. Experts point out that gold prices can become volatile and that a sudden interest rate hike or improved global economic stability could lead to a rapid price decline.

Investors are therefore advised to be cautious and not put all their assets in gold.

The rapid price increase in gold reflects a world in economic uncertainty, where pressure on US finances and its currency policy could have far-reaching consequences worldwide.

China plans fully AI-controlled economy by 2035

The modern China

Published 26 September 2025
– By Editorial Staff
By 2035, AI is planned to have "completely reworked Chinese society" and implemented a new phase of economic and social production.
2 minute read

The Chinese government has presented an ambitious ten-year plan where artificial intelligence will permeate all sectors of society by 2035 and become the “main engine for economic growth”.

China’s State Council has published a comprehensive plan aimed at making the country the world’s first fully AI-driven economy within eleven years. According to the government document presented at the end of August, artificial intelligence will have transformed Chinese society by 2035 and become the foundation for what is described as “a new phase of development in intelligent economy and intelligent society”.

The plan, which spans ten years, encompasses six central societal sectors that will be permeated by AI technology by 2027. These include science and technology, citizen welfare, industrial development, consumer goods, governance, and international relations.

The goal: 90 percent usage by 2030

According to the timeline, AI technology should reach a 90 percent usage rate by 2030 and practically become a new type of infrastructure. At this point, the technology is expected to have developed into a “significant growth engine for China’s economy”.

The strategy resembles the country’s previous “internet plus” initiative, which successfully integrated the internet as a central component in the Chinese economy.

By 2035, AI should according to the plan have “completely reworked Chinese society” and implemented a new phase of economic and social production. This is an ambitious goal with significant consequences, not only for the People’s Republic but for the entire world.

International cooperation in focus

The State Council emphasizes that AI should be treated as an “international public good that benefits humanity”. The plan highlights the importance of developing open source AI, supporting developing countries in building their own technology sectors, and the UN’s role as a leader in AI regulation.

Although China’s AI industry is growing rapidly, as exemplified by the open AI platform DeepSeek’s successes earlier this year, Chinese models still lag several months behind their American counterparts in terms of average performance. This is largely due to restrictions and barriers that Western countries have imposed.

However, the gap is steadily narrowing. At the end of 2023, American AI models performed better than Chinese ones in 13 percent of general reasoning tests. By the same time in 2024, this figure had dropped to 8.1 percent. In certain AI applications, China is already a world leader and has invested heavily in offering its services at low prices and in many cases completely free as open source.

The State Council’s ten-year plan aims to further reduce the lead by strengthening key areas such as fundamental model performance, security measures, data access, and energy management.

Whether Beijing can deliver on its massive goals with the help of sometimes unreliable technology remains to be seen. However, if other nationally coordinated plans are any indication, the country may face a comprehensive transformation.

Chinese EVs outsell Tesla

Published 26 September 2025
– By Editorial Staff
From unchallenged market leader to pressured giant – Tesla faces intensifying competition from China.
1 minute read

Chinese electric vehicle company BYD has increased its sales in Europe by over 200 percent. Meanwhile, Tesla’s electric vehicle sales in Europe decreased compared to last year.

For the eighth consecutive month, sales are declining for Elon Musk’s electric vehicle company Tesla in Europe, according to industry organization ACEA. In July, Tesla sold a total of 8,220 electric vehicles, which is 36 percent less than the same month last year.

Meanwhile, Chinese electric vehicle manufacturer BYD, which stands for Build Your Dreams, sold 9,130 electric vehicles in July, representing an increase of 201 percent compared to July last year.

Looking at this year’s figures, Tesla has lost 43 percent in the European market, while BYD has increased by 244 percent.

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