Two weeks ago I experienced the usual level of cognitive dissonance most environmentalists working in Hong Kong get from time-to-time. I spent Thursday at an uplifting conference on green finance organised by the Hong Kong Monetary Authority and the International Capital Market’s Association. Star billing went to the green bonds market, which is starting to really take off with around US$180 billions of issuance, which is around 2% of the value of all bonds issued last year. Hong Kong wants a piece of this – especially the lucrative deals from mainland Chinese banks wanting to raise finance for renewable energy, […]
Christmas and New Year was spent in India attending a cousin’s wedding and a nephew’s thread ceremony. It’s always fun going back to the country of my birth. I love the food, the music, the great value for money and energy of the place. But It’s also depressing seeing how slowly it changes. India’s stagnation was made even more evident, when six weeks later, I visited the beautiful town of Guilin in Guangxi. Arrivals at Mumbai Airport set the tone. The automated fingerprint check, designed to streamline entry into the country, bureaucratically first demanded two thumbs, then four right fingers, […]
Hangzhou is regarded by many Chinese people as the country’s most beautiful city. Its Xili (West Lake) is garlanded by stunning villas that have inspired artists and poets for centuries. Its delicate pagodas are filled with newlywed couples spooning over the water. The lake’s sub-divided waters are criss-crossed by delicate stone and wooden bridges and garrotted by a 3km grassy causeway. Around it but within the city’s boundaries are lovely restaurants, mountains, many excellent museums, rice fields and tea plantations all easily accessed by bus or bike. It’s always been famous within China and was even briefly capital during the […]
Nice blog by a staffer at Bank of England on ‘Mindfulness economics‘. Small is Beautiful had a disappointing chapter on Buddhist Economics; Dan Nixon has done a better job than Ernst Schumacher! Also some useful links to Mark Carney’s Tragedy of the Horizon speech and about the how climate catastrophe is viewed by myopic markets the debates on secular stagflation about how to retain the world’s economic mojo when growth rates and interest remain persistently low.
Mason is best known to Brits as a broadcast journalist on BBC and Channel 4, and as a professional northerner-Trotskyist purveyor of political balance on the interview couch. He has drawn on an eclectic mix of economists, psychologists and futurologists to substantiate his obituary of neo-liberalism. The book’s key argument is that several megatrends make it likely and desirable for traditional capitalism to collapse. Markets are becoming increasingly irrelevant in many of their key functions like the allocation of capital, price discovery and matching supply and demand. In a world of quantitative easing and dematerialisation of production there is excess […]