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Economic growth and development becomes much more cooler and awe inspiring when you think of it less as "line goes up" and more as "increasing productive power of the species".
No. The reason why it has a monopoly today is because China has: (i) made significant technology and process advances that effectively isolate/mitigate the effects of the environmental damage — concentrated in the up/midstream mining and separation phases — on society, and (ii)…
the reason China has monopoly on rare earth minerals because most rich countries have environmental laws that make mining and processing them basically impossible. No amount of tariffs can change that
This phenomenon also explains the deterioration of Indian history academia, or why the understanding of ancient India as being an advanced civilization has slipped from common knowledge. Early Indian historians—not just Indian nationalist or Indophile Europeans but even those…
I think that's due to different priorities. Western liberals and leftists, who dominated the discourse here until relatively recently, care very deeply about stuff like welfare state, feminism, climate change and various social movements like anti-racism, LGBT etc. (1/n)
I wonder what the findings would be for social media apps decades down the line. Would people retire even earlier? Can the time spent online surfing the web while working, especially for low intensity white collar work, cumulatively add up to years worth of semi-retirement?
The expansion of TV stations in the mid-twentieth-century led to more leisure and earlier retirement among older Americans, say researchers at @USTreasury and @CarnegieMellon. #Chart aeaweb.org/research/chart…
The expansion of TV stations in the mid-twentieth-century led to more leisure and earlier retirement among older Americans, say researchers at @USTreasury and @CarnegieMellon. #Chart aeaweb.org/research/chart…
SF is celebrating Canadian Thanksgiving now lol
hosted a wine and games night for the girls in spirit of canadian thanksgiving. played jazz house all night, probably ate way too many carbs, and had our last supper moment. life is good and i’m so grateful!
Macron did a half-reform of the pensions system that won't fundamentally solve anything and it was already hard enough, but at least we thought it was done, except that now they're talking about "suspending" it to avoid another dissolution. We really are a powerful country.
"The upper tail relevant to the Industrial Revolution consisted of two overlapping groups, which we may call intellectuals and artisans ... [artisans were] a population of skilled and dexterous anonymous workers, whose abilities were above all tacit and to some extent based on…
2/ Non-conforming sexual identity (queer, questioning, etc) is also in sharp decline. Gay and lesbian are stable while heterosexuality has rebounded by around 10 points since 2023.
1/ NEW: trans identification is in free fall among the young (h/t @FIRE data in particular)
Good point. If you think domestic automation will lead to job losses, wait until you meet automation everywhere else.
Happy to share the publication of my chapter in this newly released volume, edited by Birendra Nath Prasad and published by Manohar. My chapter aims to understand and locate temples and ascetic traditions within their social context..
NEW - Poland demands Germany stop Nord Stream attack prosecutions because they are not in Poland's nor NATO's interest — FT
Trump clearly actually deserves the Nobel peace prize
Two possibilities: 1) China is overconfident, is overplaying its hand, despite having a weak hand overall and a weak economy; 2) the US is overconfident and underestimating/misunderstanding China’s moves as desperate power moves to gain leverage rather long planned tit for tat…
Interesting Caixin story on the evolution of a bankruptcy process: "For Beijing, this is about more than paperwork. As debt piles up and growth slows, China needs a functioning exit valve — one that can unwind failed firms without triggering social unrest or financial contagion."…
A couple of years back, I had asked if there was a State owned hedge fund operating anywhere in the world. I guess I got my answer today - it's the Swiss National Bank! And a rather ambitious one at that.
Swiss reflections. A blog post about what I learned on a trip to Switzerland. A central bank can have a huge and risky balance sheet. Maybe they are wise to eschew the exorbitant privilege the world wishes to offer them grumpy-economist.com/p/swiss-reflec…
Swiss reflections. A blog post about what I learned on a trip to Switzerland. A central bank can have a huge and risky balance sheet. Maybe they are wise to eschew the exorbitant privilege the world wishes to offer them grumpy-economist.com/p/swiss-reflec…
“We visited a dark factory producing some astronomical number of mobile phones, recalls Greg Jackson, the boss of British energy supplier Octopus. “The process was so heavily automated that there were no workers on the manufacturing side, just a small number who were there to…
The Dughmush clan - whose members we saw being summarily executed in the street front of their neighbours - appear to have now largely been overwhelmed by Hamas militiamen. But they were able to claim some pretty big scalps. The fact that Qassam seemed to struggle this much with…
The senior commander in the Qassam Brigade North, Abu Alaa Al-Halaby, was killed by an armed group in Gaza City yesterday. Abu Alaa Al-Halaby is close to Yahya Sinwar through the Alliance, and the commander's son will be released today by Israel.
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