Technological advances in a competitive environment have the effect of lowering marginal costs. Music has for instance become almost free with streamable services. Data storage has also become cheaper in the new information age. So will the current crop of tech companies evolve into low margin utilities, just like the high-growth electricity industry before it?
GDP alone is a crude measure of economic prowess. It needs to be combined with other measures. I think the US will continue to enjoy it’s position as a global superpower for quite some time into the future.
Most governments dislike cash because it’s difficult to tax. It also removes the degree of control they have on their citizen because they can’t easily trace where money is deposited or spent. It can help sustain unregulated black market economies and aid criminal activities. However, eliminating cash could also be a challenge to your own civil liberties.
Brazil’s market is at least now pricing in the cost of corruption more fully with these recent scandals. The political status quo has also been challenged, which means there is a risk-premium to be earned if you’re patient. In other words, the country still offer fantastic investment opportunities, perhaps even more so than before.
It’s fair to say that chilling beer is a very important part of Brazilian culture. And, they find anyone who doesn’t do it, bizarre. I myself have been asked on numerous occasions, “why people in England drink their beer warm?”
I discovered that if you were to buy the same phone in cash from the Apple Store in Brazil (a matt-black iPhone 7 with 32GB of storage), it would cost you R$ 3,499 (US$ 1,120). That same handset, assembled in China, costs US$ 649 in the US.
My journey through university was completely unpredictable and so was the start of my career. I’m putting a little aside every month now for both my kids. I hope one day they will have the same rich experiences I had at start of my working life.
I’m pretty interested in social media and found this election campaign very different from past ones. You can love him or hate, but you have to admit the way he won is fascinating, if not a little frightening.
It’s based on greed, selfishness and the exploitation of workers in the pursuit of maximising profit. It promotes short-term wealth creation and extraordinary levels of compensation for some bankers and CEOs. It capitalises on what are not the essential needs of human beings, turning us into wasteful mass consumers. Capitalism has become despised!
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