Tag Archives: Economics

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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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

Why I have voted to remain in the EU

On June 23, 2016, the people of Britain will vote in a referendum. The question we will be asked is: “Should the United Kingdom remain a member of the European Union or leave the European Union?”

I have already cast my vote by post, and I voted to remain, although I can see both sides of the argument. Here’s my take on what’s at stake. 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

Left vs Right, Authoritarianism vs Libertarianism

Anyone interested in politics should take a good look at the Political Compass website. Here you can read about Left vs Right (economics) and Authoritarianism vs Libertarianism (social attitudes) and see how you fit into the big picture. There’s a relatively simple test to take, and here are my results, shown with the positions of the various UK political parties in the 2015 general election. It seems like I’m a political outsider, although not an extremist. 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

Wealth is knowledge – poverty is ignorance

technologyGive unlimited resources to a caveman and he will chop down trees and burn them as firewood.

Give unlimited resources to a Victorian and he will burn coal to power a steam engine. Continue reading