Author: VaastuShastra

  • Does the public’s psychology affect the wealth of nations?

    What role does the public’s psychology play in the success of states?

    Does public self-belief contribute a measurable amount to GDP?

    Is success as much a matter of will, as it is of economic conditions?

    I would say that apathy and cynicism have a significant impact on success. In an individual, self belief is often the difference between being able to perform a task, and not being able to. A depressed person lacks any self-belief, and therefore do not believe they are capable of anything. It may be the same with countries.

    While the budget allocated to a project is important, often the attempt at a project is governed by the public’s mood, or government’s mood beforehand – a self-confident public and government may propose something ambitious – while a pessemistic attitude could lead to a less costly stop gap measure, reasoning they fear consequences of failure.

    What do you think?

  • Capitalism: A Love Story

    http://www.movshare.net/video/uahijjf5goftt

    http://www.movshare.net/video/6acj4semcd3fj

    Unions suck right? Social parties are the devil?

    But they are also essential reactions to when this used to happen.

    And now they are castrated, it happens again.

  • Do you think the population of northern England should just ‘move south’?

    I have a hard time articulating this question in the topic title, let me explain:

    Q:

    Do you believe that a long-standing city-sized communities, can (or indeed should) be shifted by either market or legislative power, to another part of the country, for their own good – or do you believe that city-sized communities are anchored to their location, and should be improved where they are?

    My question carries a bit of baggage:

    In China, tens of millions of villagers have migrated to large cities, to reap a middle class lifestyle (so we are told, there is some evidence to suggest at least some return to their villages with salary in hand), leading some western economists to argue that this is a healthy process, and western countries should, and must, follow suit.

    Some people believe the north of England must ‘move south’.

    But the other school of thought in the world, which I must say is the one followed by most historians I read, and many developing world oriented economists, is that communities must be improved where they are – we are long past the era in which settlements were so small that they could simply be depopulated by demographic diffusion (and when that did happen, it tended to create problems) – the problems of the area must be tackled where they are, in order that residents become more affluent.

    Some people in the UK who make policy or vote for it, seem to think that the north of England, population 40 million, is too spread out, or too unpopulated, to be economically sustainable. Many in Europe I think would find this laughable, since it contains some of the largest urban areas within the ‘Blue Banana‘, and the cities have aging imperial assets that developing world countries would die to get. Many of the thinkers I read would contend that this notion is childish hogwash – half of a large European country, rooted by time, cannot simply migrate, their cities must be provided with infrastructure, connectivity, local political power, etc.

    Northern England is by no means poor in international terms (although it is doing badly in western European terms, which is what matters), but to draw a comparison with developing world economics – the ‘migrate to Shanghai’ policy was leading to starvation, food price inflation, suicide, and land abuses in South Asia – on the other hand, micro-finance, micro infrastructure investment, etc, in settlements as small as villages, has done more to expand the South Asian middle class in problem states, than moving to cities, and it has done so without uprooting communities.

    For all India and China’s urbanisation, it hasn’t put much of a dent in rural monstrosities like Uttar Pradesh – they can only be improved in situ. Northern England on the other hand has a fairly ready-made urban population, waiting to be turned into European powerhouses.

  • Droogs = Chavs?

    Except like 99% less stylish than predicted :banana:

  • What is your favorite type of wilderness?

    For some people it is the freedom of the open sea that speaks to them – for some people it is the austerity of the desert that captures their heart – for some people it is the steaming jungle that appeals to their survivalist instinct – for some people the snowy forests that appeal to some sense of archaic romance.

    What is your favorite type of wilderness, and why?

    Feel free to be poetic.

  • Some good things about the British economy

    To make a change from the usual introspection about how we are doomed, here are some of the good points about the British economy:

    + Output of British manufacturing reached an all-time high in 2007, in real terms.

    + The UK is the world’s 6th largest manufacturer with strong positions in certain key industries, e.g. a 15% global market share in Aerospace.

    + The UK is the world’s 2nd largest defence manufacturer. An industry which employs 300000 and is worth $10 bn in exports a year.

    + The UK has the 3rd largest automotive industry in Europe, with total sales of around $18bn and accounting for 11% of the UK’s total exports.

    + Eleven of the top 100 global Aerospce&Defence companies are based in the UK, amounting to $40bn of annual sales.

    + The UK has the 4th largest refining industry in Europe. UK petrochemicals generated $50bn in 2007.

    + Specialised chemicals were a $10bn industry in 2007, with a trade surplus of $400m.

    + 25% of UK exports in 2006 were high-tech goods, compared with 22% in the USA, 15% in France and 11% in Germany.

    + UK automotive output was near an all-time record high in 2007, and automotive exports were at an all-time high with a total value of around £20 billion.

    + The UK is the largest European recipient of FDI, indicating that foreign investors are keen to invest in UK manufacturing.

    + The UK has 0.9% of the World’s population, but 5% of global GDP, which makes UK output her head five times the World average.