Interesting analysis of franchise vertical integration and the monopoly power of patents and trademarks.
I do take issue with the statement which I paraphrase as ‘no one wants to work in a factory so it’s fine that all manufacturing is in the third world’. Clearly not all people are the same so their desires will clearly differ.
I lean towards the view: neo-liberals in the developed world don’t want to see the environmental damage and labor strife in their neighborhoods. So they want all the goods a global economy provides but other people can suffer the harm production of said goods create.
Labor and environmental arbitrage is a short term game in which Karma is not your friend.
Another great podcast guys. I’m also delighted to see some neck on the line by time-boxing some financial forecasts!
What are your thoughts on the likely central bank response to a potential property price crash? My thoughts are they would tolerate a slump. But any crash that pushes banks towards holding negative equity loan books or which slows down the housing supply that they’ve recent history of showing concern about they could move to correct by simply loosening their borrowing rules. Would they be likely to do this?
Interesting analysis of franchise vertical integration and the monopoly power of patents and trademarks.
I do take issue with the statement which I paraphrase as ‘no one wants to work in a factory so it’s fine that all manufacturing is in the third world’. Clearly not all people are the same so their desires will clearly differ.
I lean towards the view: neo-liberals in the developed world don’t want to see the environmental damage and labor strife in their neighborhoods. So they want all the goods a global economy provides but other people can suffer the harm production of said goods create.
Labor and environmental arbitrage is a short term game in which Karma is not your friend.
Another great podcast guys. I’m also delighted to see some neck on the line by time-boxing some financial forecasts!
What are your thoughts on the likely central bank response to a potential property price crash? My thoughts are they would tolerate a slump. But any crash that pushes banks towards holding negative equity loan books or which slows down the housing supply that they’ve recent history of showing concern about they could move to correct by simply loosening their borrowing rules. Would they be likely to do this?