Precisely because it’s a shithole, it makes a good place to develop. London *is* essentially a “muddy estuary”. So is Antwerp, and much of the Netherlands. (View Post)

I agree with the sentiment, but I suspect you’ve lost most of the board already. It seems to be case that the places that people WANT to live - think Paris, Amsterdam, the Upper West Side of Manhatta… (View Post)

Interesting article about the challenge to Asian (ex-China) countries by the new, protectionist industrial policies of USA and EU. Essentially, Japan, S Korea and Taiwan risk being crowded out of the… (View Post)

See also Iceland. Surprising how much money there is in fishing, yet Grimsby is basically Albania-on-the-Humber. (View Post)

This is a good comment. The first para packs in three separate, but pretty acute and profound, truths about the modern economy. As for the latter, I hope so, but 20 years is a long time away. It’s no… (View Post)