Tim Worstall Tim Worstall

There's a reason fintech companies like the European Union

The Guardian tells us that those unicorns, those privately owned and venture capital funded companies over in the tech sector, like the European Union and wouldn't want Britain to leave it. There is, of course, a reason for this over and above that general love of a centralised European superstate. That reason being that much of the London scene in this sector is, given the background of The City itself, involved in financial technology. And there's one specific rule that greatly aids such fintech within the EU:  

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Tim Worstall Tim Worstall

Can we stop this nostalgia for manufacturing jobs please?

We're told, endlessly, that we must do more manufacturing here in Britain. The underlying argument being that manufacturing jobs are good jobs, that they pay well, and that given that we'd like to have more well paid jobs therefore we must do more manufacturing. This argument is really just evidence of the ghastly conservatism of large portions of the British commentariat. For the truth is that the marginal manufacturing job is not well paid.

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Tim Worstall Tim Worstall

Who has actually gained from globalisation?

An interesting restatement from Branko Milanovic of his earlier work on who has actually gained from the process of globalisation. In effect, absolutely everyone except those on around and about less than median income in the already rich countries as that chart shows. Or, in more detail, it can be seen here.

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