Valuing Italy

The results of the 2018 election in Italy reflected two main economic realities: the economic struggles in Italy relative to northern Europe, and the economic struggles in southern Italy relative to northern Italy. The former helped  anti-establishment parties to gain a large share of the country’s vote. The latter resulted in Lega Nord and centre-right parties performing well throughout much ofContinue reading “Valuing Italy”

Humans, Computers, and Telecommuters

Let’s discuss two sets of three: the land-labour-capital trinity of conventional economics, and the human-computer-telecommuter set that may soon become the three main categories of labour. To state the obvious, the key relationship during the past generation has been the “capital” of North Atlantic economies (whether that capital be military power, technological innovation, or consumer demand), chiefly thatContinue reading “Humans, Computers, and Telecommuters”

The Lay of the Land

Imagine a map of the world in which land and sea are both drawn in the same colour, so as to be indistinguishable from one another. Imagine also that on this map areas that are inhabited by humans are drawn in a different colour than areas that are relatively uninhabited by humans. Finally, imagine thatContinue reading “The Lay of the Land”

Ontario: Low-Cost, High-Comfort Rail is much better than High-Speed, High-Cost Rail

Average is over. Long live average. “High-speed rail” is a bit of misleading name: airplanes travel at a much faster speed. It might be better to call it “high-speed for rail” instead. Or call it “average-speed by rail”. Of course, if you did refer to high-speed rail by any of those names, you probably wouldn’tContinue reading “Ontario: Low-Cost, High-Comfort Rail is much better than High-Speed, High-Cost Rail”

Boomeroomba, part 2

In a previous article, on the topic of playing tennis, I talked about the Boomer-Roomba test. An idea passes the Boomer-Roomba test if it is something that might be impacted by Baby Boomers reaching their 60s and 70s and by the introduction of everyday robots. Downhill skiing, sadly, does not pass the test: many Baby Boomers willContinue reading “Boomeroomba, part 2”