Category: Economics
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The Coming Water Wars
Why are so many Capetonians not willing to ration their own water? Over the last few weeks a drama has been playing out in Cape Town. That drama has been called Day Zero, a moment in history when 4 million citizens will be time warped from all the benefits of modernity, to a mediaeval existence…
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A Fable for Our Times and Tribulations
This is an ancient story from the San people of Africa (slightly adjusted) that can be read as a parable for our present times and troubles. Elephant and Rain got married. The animals were excited: this was a real power couple. They both enjoyed the attention, paparazzi and all, but it wasn’t long before their…
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The Widening Income Gap
Of all the many banners being waved around the world by disgruntled protesters from Chile to Australia the one that reads, “We Are the 99%” is the catchiest. It so turns out that it is also supported by some solid economic data. A report from the Congressional Budget Office (CBO) points out that, on average, income…