competition
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Reforming capitalism: A fight built on envy
It has become common to blame capitalism for climate change and wealth inequality. However, the premises underlying the debate around the issue are profoundly misguided – the current system is far from aligned with free-market prescriptions. But despite their skewed view of reality, advocates of government intervention are likely to appeal to increasingly large audiences.
Blockchain in shipping, more than a buzzword
Blockchain could considerably lighten the administrative load of the maritime transport industry, in addition to preventing devastating cyberattacks. However, companies are hesitant to adopt the technology because of the legal uncertainty that surrounds it. The current lack of comprehensive regulations is perceived as a security liability, but there are also ...
Opinion: The mysterious case of CEOs turning green
It is unusual when CEOs purport to define their companies’ overarching objectives – that’s the shareholders’ job. Things become even curiouser when top managers team up with an international bureaucracy to call for the imposition of tighter environmental standards on business. Look for mundane motives, like sending out a profit warning ...
Swiss economic success: diversity as capital
Nothing seems to stop the prosperity of the Swiss economy. Its steady growth is seemingly impervious to the political turmoil in the EU, superpower tensions, the vagaries of world trade and even the overly muscular Swiss franc. Switzerland’s highly diverse economy and its unique political system together form an ecosystem ...
Educational meritocracy and East Asia’s development miracle
Only a few countries made the leap from developing to advanced industrial nations in the 20th century. Among the fortunate five, four are from East Asia: Japan, Singapore, South Korea and Taiwan. Their politics and economic policies have varied widely over the decades, but at least one common denominator stands ...
