Tim Worstall

Yes, really, Women's Lib caused inequality

Written by | Thursday 30 January 2014

Now here's a thing: the liberation of half the country from their economic and social shackles I regard as an unalloyed good thing. That this liberation of women largely came from technological causes, the "washing machine" or domestic household technology as Ha Joon Chang calls it, plus the decline in the economic importance of male musculature, doesn't matter at all. That it happened was great.

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There's nothing neoliberal about work for the dole

Written by | Wednesday 29 January 2014

OK, so this story comes from Australia where they might be far enough away not to be quite up to speed with things. But the idea that people should work for the dole is not in fact some appalling apparition leaping from the fevered imaginations of neoloberals. It's not, in fact, even a liberal idea. It's an entirely social democratic one: you know, soft left sorta thing?

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Bill Easterly on Bill Gates and aid and development

Written by | Tuesday 28 January 2014

Bill and Melinda Gates have released their annual letter on what's going on with their Foundation, global poverty and aid. And they quite rightly point out that things are indeed getting better.

However, this is not the same thing as stating that it is aid that is making things better. As Bill Easterly points out:

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Just how far we've come in two decades

Written by | Monday 27 January 2014

OK, so this is largely a result of Moore's Law allied with some clever technologists but still, it's interesting to see quite how far it is that we've come.

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An Indonesian answer to George Monbiot's question

Written by | Saturday 25 January 2014

George Monbiot got very hot under the collar recently about a provision in hte various trade treaties that are under negotiation at present. Arguing that the ability of an investor to take a matter to arbitration was a vile undermining of democracy:

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Err, no, this is a solution to the problem being described, not a problem in itself

Written by | Friday 24 January 2014

I have promised Madsen that I won't talk about Richard Murphy here too often. And this is one of those "not too" moments for he's provided us with a target rich environment. Murphy is arguing that corporations are piling up cash, cash which they don't know what to do with. Therefore mutter mutter higher taxes!

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Explaining the boom in the profit share in the US economy

Written by | Thursday 23 January 2014

That chart is of corporate profits in the US economy as a percentage of GDP. And it's the cause of much muttering: see how the little guy is getting screwed over by the corporate giants etc.

But we also need to add this little observation to it:

it is important to realize that around 50 percent of the SP500′s earnings are generated overseas

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The machines are going to steal all our jobs!

Written by | Wednesday 22 January 2014

The Economist has another of those breathless pieces worrying about what's going to happen when the robots come for all our jobs. There's one basic error in the piece and one slightly more technical.

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On why I just love the latest Oxfam report

Written by | Tuesday 21 January 2014

You'll have seen the stories about this latest Oxfam report all over the place. The bottom 50% of the world has the same wealth as the top 85 people etc. This is presented as if it's an obviously bad thing and yet I cannot quite bring myself to agree with that conclusion. Here's the list of evidence they compile:

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