Big Business Economy

The Neoliberal Problem

Financialisation, as Andrew Sayer notes in Why We Can’t Afford the Rich, has had a similar impact. “Like rent,” he argues, “interest is … unearned income that accrues without any effort”. As the poor become poorer and the rich become richer, the rich acquire increasing control over another crucial asset: money. Interest payments, overwhelmingly, are […]


Nano-spacecraft: Alpha Centauri in 20 years?

Fascinating idea: Breakthrough Starshot’s spacecrafts, which they call “nanocrafts,” will be gram-scale computer chips that will include “cameras, photon thrusters, power supply, navigation and communication equipment,” Avi Loeb, a Harvard scientist involved in the operation, told reporters. A rocket would deliver a “mother ship” carrying a thousand or so of the nanocrafts into space. Once […]