The Great AI Capital Burn and the Productivity Mirage
The Frey Narrative and the Cost of ProgressThe World Economic Forum is asking questions about history. It is a distraction…
Category: Economy
Rawalpindi runs the ledger
The Pakistani constitution is a ghost. The barracks are the boardroom. Rawalpindi dictates the discount rate. While the facade of…
The Bankruptcy of Global Development
The money is gone. While the United Nations Development Programme (UNDP) issues pleas for long-term peace through investment, the global…
The Davos Managed Scarcity Doctrine Replaces the Growth Mandate
The Rhetoric of the New EconomyThe World Economic Forum is signaling a shift. Their latest dispatch on April 24 describes…
Institutional Erosion and the Rising Cost of Political Risk
The rhetoric is getting expensive. Institutional stability is a priced-in commodity. When the executive branch begins to fulminate against the…
The Great Consumer Mirage is Fading Fast
Goldman Sachs is betting on the American shopper. David Mericle, the firm’s chief U.S. economist, claims the consumer is not…
The High Cost of the Self Made Dream
The Seattle GenesisRay Charles arrived in Seattle with six hundred dollars. The year was 1948. He was fifteen years old…
The Davos Dilemma is a Crisis of Credibility
The Davos Dilemma is a Crisis of CredibilityThe World Economic Forum is back to its favorite pastime. It is rebranding…
The Great Capitulation of the American Workforce
The leverage has evaporated. The tables have turned. Corporate America has regained the whip hand. For three years, the American…
The Death of the Tory Reinvention Machine
The Institutional Collapse of the Conservative PartyThe Tory party is a corpse. The machine that dominated British life for a…