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Finding economic growth when there is no world outside
Category: Blog/Analysis
... unaided, afford to buy. If you think about it, we already put this into practice. Americans and Europeans don’t try to improve the livelihoods or subsidise the wages of Chinese or Indian labourers. ... Thursday, 12 August 2010 -
Should South Africa get a Brazilian ... model ... of business?
Category: Blog/Analysis
... sector are mostly political. Labour unions regard low-paid, unprotected work as diminishing their political influence and ensure ever-tighter rules that increase the costs of informal production. Without ... Thursday, 05 August 2010 -
Safety, Stability and Regulating the Regulators
Category: Blog/Analysis
... blow-out preventers were in place staff spent time downloading pornography and sniffing cocaine. Responsibility for the disaster in the Gulf of Mexico is being laid on BP, and rightly so, but the job ... Thursday, 29 July 2010 -
Vuvuzelas: The difference between culture and imperialism can be subtle
Category: Blog/Analysis
... is made in India by workers paid about 40 US cents an hour. Minimum wages in the UK vary from $5.30 to $8.60 per hour so this difference has caused outrage. Minimum wages in India are complex. Each ... Thursday, 22 July 2010 -
Death by committee falls as heavily on art as on trade
Category: Blog/Analysis
... were paid for, but how is that different from when lobbyists spend dollops of cash "persuading" politicians to support their cause? As the credit crisis takes hold more governments are demanding trade ... Thursday, 08 July 2010 -
The process of services commoditisation is happening faster than that for manufacturing
Category: Blog/Analysis
... an hour. In Mexico it is $3 an hour for the same skill level. With the capital equipment paid off, labour becomes the biggest fixed cost. A wage difference like that can be very attractive to investors ... Thursday, 24 June 2010 -
In picking on mines Australia's luck may run out
Category: Blog/Analysis
... 35% of exports. Mining companies have said that the new tax threatens $100 billion of new investment. BHP Billiton, the world’s largest mining company, estimates its Australian tax rate will jump to ... Thursday, 17 June 2010 -
Greece, Goldman and finding the Greater Fool
Category: Blog/Analysis
... billion in order to keep financing their interest repayments. Investors are becoming concerned that they won’t get repaid. In other words, Greek debt is no different from US subprime debt. In the case ... Thursday, 10 June 2010 -
Are markets incompatible with democracy?
Category: Blog/Analysis
... citizens of the nation. Taxes are not paid symmetrically. The rich, and big companies, pay more in absolute terms than does anyone else. They are also more mobile than others so there is an upper limit ... Thursday, 03 June 2010 -
Feeding the hungry with freely transferrable bank accounts
Category: Blog/Analysis
"We used aid money to buy arms," says Aregawi Berhe, a former Ethiopian militant when speaking to the BBC recently. As much as $95 million of the $300 million raised for the victims of the 1984 to 1985 ... Thursday, 27 May 2010 -
Governments which demand to be the only investor can steal their citizens' savings
Category: Blog/Analysis
... faith in the honesty of politicians? Yegor Gaidar, a Russian political reformer considered his country’s experiences with state-led capitalism in a book published shortly before his death in December ... Thursday, 29 April 2010 -
Paying for Universal Healthcare
Category: Blog/Analysis
... to stay healthy. The simple idea of negotiating steeply-reduced fees on their gym memberships for medical aid subscribers is now common practice. Competition between insurers to attract members acts ... Thursday, 08 April 2010 -
And the eyes are always on us
Category: Blog/Analysis
... children. And the eyes are always on us,” said Orson Welles in 1955. Since then, much has happened. Technology has allowed free speech to spread as easily as the seasonal flu. It has also allowed governments ... Thursday, 25 February 2010 -
Copenhagen, Consensus and The Gathering of the Trees
Category: Blog/Analysis
“The trees gathered to agree a response to the growing threat of the Homo sapiens,” said the story-telling old lady who waylaid me in a park. “After several weeks of debate had passed, up rose Sam Sequoia ... Thursday, 18 February 2010 -
Promoting Innovation is more than tilting at windmills
Category: Blog/Analysis
... The search for innovation lies in the way in which people are treated when they have new ideas, not in the people themselves. You can’t shut a person in an Iron Maiden and then play their favourite ... Thursday, 04 February 2010 -
The infinite size of an infinitely sliced fish
Category: Blog/Analysis
... systems will certainly improve but it is a little nerve-wracking to have to go through the technology’s adolescent struggles. That said, consider how - in slicing financial transactions into ever-thinner ... Thursday, 28 January 2010 -
Countdown to Lift - The Race to Build a Space Elevator
Category: Blog/Analysis
... we will one day venture to the stars,” said Carl Sagan, in his television show “Cosmos”. The limitation of this call is that a cable 35,790 kilometres straight up would have to be immensely strong to ... Thursday, 21 January 2010 -
Getting democracy right one restaurant at a time
Category: Blog/Analysis
... aid and negotiation will convert even the most recalcitrant of dictatorships into wealthy democracies. The people at the receiving end of voting and aid don’t seem to see things the same way. Their confusion, ... Thursday, 14 January 2010 -
Predicting the future isn't what it used to be
Category: Blog/Analysis
... That’s the way it is supposed to work. Experience tells us that things ain’t that simple. Marginal effects can be become major economic catastrophes. Entire industries can be laid waste. Yet, when ... Thursday, 07 January 2010 -
And then there were Twenty
Category: Blog/Analysis
... no longer believe in communism (although they do like dictatorship). That said, there is plenty for the G20 to discuss. From climate change, to global credit flows, to the growing military instability ... Thursday, 24 December 2009
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