If you join the Chinese dots you can only come to one conclusion. This is that, before too long, China will be making all the goods that consumers in Europe and America will ever need. What’s more, the Chinese will soon be . . . Continue reading
You can’t blame bankers for getting us into the mess we are in now. They’ve only been maximizing the opportunities that were open to them. In this they were no different from any individuals, or professional institutions, . . Continue reading
On Wednesday this week, 3,000 of the world’s movers and shakers will meet for a five-day lecture-fest at Davos in Switzerland—the World Economic Forum (WEF). In his 2011 introductory video, the founder of the WEF, . . . Continue reading
Today I’d like to relate a little story about myself, the founder of one of the smallest Internet businesses in the world, Handlo Music, and the CEO of one of the major banks of the world, Barclays. It has been prompted . . . Continue reading
I’ve received a fascinating diary jotting from a friend, Anne Mehrling. She writes, as I do, for her own benefit and it was not originally intended for this list, though she has given me permission to re-send to you. It bears closely on a very important topic which I have discussed from time to time.
A superb article in the current Atlantic by Chrystia Freeland called “The Rise of the New Global Elite” is to be recommended to those who are thinking about the future a few years beyond the present currency impasse. This is how she starts: . . . Continue reading
Following my mention of the close link between fashions and social status a few days ago, and that, sometimes, the death penalty ensued, a friend, Jack Davis, sent me the following story, reminding us of corporate rules about dress — and how strongly people felt about them!—not all that long ago.
Adverting to the previous posting, the real problem with China is that it is now making pretty well all the consumer products which America, Western Europe and Japan used to make (and to some extent still do). The real . . . Continue reading
In “The Real Problem with China” in yesterday’s New York Times, David Leonhardt writes that “the No. 1 problem with China’s economy is probably intellectual property theft.”
My earlier posting raised another very important point. In it, I related that my friend, Noel Newsome, had enrolled several of the friends made in his youth while at Oxford University and that they had helped us in getting some legislation through.
In the days when I was an active environmental campaigner 40 years ago, I once spoke at an important public meeting, together with a much older colleague. It was important because the two of us were making serious . . . Continue reading
Is there life out there? Obviously there are only two answers to this. Either there isn’t — except for ourselves, of course — or there is — in which case there are likely to be many thousands of civilizations elsewhere in our galaxy . . . Continue reading
The reason why China will never win hands-down in its current economic war with America is the same as why Japan didn’t succeed in the 1980s when all (Americans included) were expecting that its corporations and banks . . . Continue reading
The dividing line between us and other animals seems to be getting hazier all the time. According to a recent article in The Scientist, it now seems that some ecologists and neuroscientists are seriously thinking that some animals—such as birds and whales—have an aesthetic sense. The nightingale, apparently, can sing 200 different songs. Does he really need that many for survival reasons? Continue reading
Politicians don’t get it. Government bureaucrats don’t get it. Central banks don’t get it. Most economists don’t get it either.
Nation-states are spinning. No, they’re not spinning round like tops. They’re spinning in the same way as silkworm cocoons are spun. Continue reading
One of the biggest puzzles of my life has been why underground pneumatic transport has not yet been adopted. It will be one day, I’m quite sure, because its energy savings will be immense. Furthermore, if coupled with magnetic levitation it would be cheaper still. Continue reading