Think of the speed!" Yeah right, Ferguson seems to have been implying. The map also has a picture of a man holding onto the Earth for dear life, with an inscription that reads: "These men are flying on the globe at a rate of 65,000 miles per hour around the sun, and 1,042 miles per hour around the center of the earth (in their minds). "By 1893, most people knew about horizons so he had to come up with some way to explain that." "It's pretty clever because it explains the Columbus phenomenon, where you see ships coming in over the horizon and gradually the mast gets taller and taller until you can see the ship," Bingham said. "What makes his flat Earth different from other theories is his theory holds that the Earth is imprinted with an 'inverse toroid.'" If you were to take a donut and press it into wet cement and then remove the donut, Bingham explained, the rounded impression it left in the cement would be what is known in mathematics as an inverse toroid. Typical of flat Earths, Ferguson's Earth is a rectangular slab, the four corners of which are each guarded by an angel. Turning focus to the U.S., the largest sources of its market distortions were financial grants (16%), state loans (15%), and production subsidies (14%).Ī recent example of American subsidies is the Biden administration’s CHIPS and Science Act, which provides $39 billion in aid to boost domestic chip making, as well as billions more to support the semiconductor industry as a whole."Ferguson was trying to make an updated version of the flat Earth theory to fit the biblical description of the Earth with known facts," Bingham said.
A 2019 story from The Wall Street Journal found that Huawei had benefited from as much as $75 billion in government aid. This includes Huawei, which became a global leader in 5G networks despite being founded just 35 years ago in 1987. Of the country’s 176,479 market distortions, approximately 95% have stemmed from the use of financial grants.Ĭhina has a long history of providing substantial financial aid to its major companies. According to CSIS, China spent more on corporate subsidies than it did on defense in 2019.
account for a massive chunk of the G20’s subsidy-related market distortions between 2008 and Q1 2023.
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