Tag Archives: Economic growth

The next economic era is here

The world my children inhabit looks superficially like the world I grew up in during the 1970s. The house they live in, the clothes they wear and the food they eat – none of these would be very strange to the kids of a generation ago (although even here there are notable differences.) But the way they spend their time is completely different to anything I dreamed of doing.

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24 hours to save the world

Each one of us is blessed with 24 hours in every day. But what we do with those 24 hours varies enormously. Continue reading

Britain pulls up the drawbridge

So the people of the United Kingdom have voted to leave the European Union. The margin was small (51.9% Leave vs 48.1% Remain) but a win is a win, and so Britain will now begin negotiations to leave – a process that might take years to complete. Already the markets have fallen, the currency has crashed, and the Prime Minister has resigned. But the crowds cheer, regardless. Continue reading

Is free trade natural?

I’ve been having an interesting chat with my blog friend, Wyrd Smythe about the discovery of fire, and other game-changing advances in human civilization. We both agree that trade is of fundamental importance, but where we have differing views is whether trade is natural or whether it counts as an invention, like the wheel.

I’m going to argue here that trade isn’t at all natural or obvious, and should be considered one of humankind’s greatest inventions, on a par with writing, farming, and computers. Continue reading

Scarcity and abundance

We are moving from a world in which resources are scarce towards a world of abundance. Many things that were once scarce are already abundant in developed countries and will soon be abundant everywhere, if trends continue.

There’s a strong counter-narrative telling us the opposite – that the world’s resources are almost used up, that population levels are unsustainable and that we must cut back now or face disaster. But Malthus said the same two hundred years ago, and so have countless others. Each has been proved wrong. Continue reading

Election aftermath

davidcameronDespite many commentators’ predictions of a hung parliament, the outcome of the UK’s general election was a clear majority for David Cameron’s Conservative Party. It seems that on the whole, the people of England and Wales rejected the parties of the left, and embraced the party that promised to help “hard-working families.” Continue reading

Reasons for optimism

To kick off 2015, I’ve compiled a list of 10 good facts you probably won’t hear on the news. Continue reading