Fascinating article on the difficulty of determining the origins of the components of a product. Related to the old observation that nobody knows how to make a pencil. There are people who do the mining, produce the graphite, harvest the lumber, so on and so forth, but it’s a complex web of specialties, production, sourcing, transportation, logistics…
Except it still seems a little weird having Atlas Shrugged updated to be set in modern times, and the characters don’t look much like my mental images. Reardon, to whom I most relate, comes closest.
I’m overdue for a reread, but with the film pending, I considered it recently and decided to put itoff.
I’ve been wanting to kick of my return to blogging here – but with posts of substance rather than the CotC stuff now elsewhere – with a post observing/opining that business blogging is not only not unusual or niche anymore, but that it’s rampant in this economy or lack thereof.
The boundaries between political and business/economics blogging has also blurred further. Again, the circumstances we are in make it inevitable. Government always affects the business and economic climate and activities, if seldom so negatively, and whether it ought to or not. That’s shown up in my selections for what now passes for CotC.
At any rate, it sometimes feels as if anything I can add or opine here would be superfluous, and perhaps there won’t be much or often, but the itch is getting more intense. Time to scratch it.
I came out as moderate supply side economics, which means:
Supply Side Economics holds that capital accumulation drives growth, and that the most important role for government is to remove disincentives to capital formation, especially by reducing taxes on capital and earnings. It holds that markets generally get it right, and that government intervention should be limited, including through a simple tax code with low rates and few deductions. But markets only get it right if they get the right price signals, so supply-side economics focuses on making sure that there are as few distortions to the market as possible. Finally, the overriding goal of supply-side economics growth; equity issues are best left to the market.
I’m not sure I liked the way the answers boxed me in, but its point was to match you with one of a small set of types, so what the heck.