Economics, History, Politics, Uncategorized

Energy future..

“By 2030, overall global energy consumption may be 35 or 40 percent greater than it is today. The mix will probably not be too different from what it is today. Hydrocarbons will likely be somewhere between 75 and 80 percent of the overall supply. One can imagine a host of factors— from political upheavals and military conflicts to major shifts in the global economy to changes in pricing and regulation or significant technological breakthroughs— that change this picture more decisively. But that law of long lead times still remains. It is really after 2030 that the energy system could start to look quite different as the cumulative effect of innovation and technological advance makes its full impact felt.”

Yergin, Daniel (2011-09-20). The Quest: Energy, Security, and the Remaking of the Modern World (Kindle Locations 11661-11666). Penguin Publishing Group. Kindle Edition.

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Politics, Uncategorized

Yes Minister!!

“For those looking to understand the British establishment Yes Minister covers all of the essential areas. One of the sharpest pieces of dialogue is Hacker’s often-quoted description of who British newspapers cater for: “The Daily Mirror is read by people who think they run the country; The Guardian is read by people who think they ought to run the country; The Times is read by the people who actually do run the country; The Daily Mail is read by the wives of the people who run the country; The Financial Times is read by people who own the country; The Morning Star is read by people who think the country ought to be run by another country, and The Daily Telegraph is read by people who think it is.”

Sebastian Payne_Financial Times

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Uncategorized

Fourth industrial revolution

“The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.”

Klaus Schwab

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Uncategorized

Blockchain..

“In his Gettysburg Address in 1863, Abraham Lincoln said that society’s greatest goal was a “government of the people, by the people, for the people.” Twelve decades later, President Ronald Reagan said in his 1981 Inaugural Address, “Government is not the solution to our problem; government is the problem.”

Blockchain revolution- Tapscott

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History, Management, Uncategorized

Nature of the Firm..

In his 1937 paper “The Nature of the Firm,” Coase identified three types of costs in the economy: the costs of search (finding all the right information, people, resources to create something); coordination (getting all these people to work together efficiently); and contracting (negotiating the costs for labor and materials for every activity in production, keeping trade secrets, and policing and enforcing these agreements). He posited that a firm would expand until the cost of performing a transaction inside the firm exceeded the cost of performing the transaction outside the firm.
“Blockchain revolution by Tapscott”

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History, Marx, Philosophy, Uncategorized

Marx…

“Marx believed that in all phases of history there has been a conflict between two dominant classes of society. In antiquity’s slave society, the conflict was between free citizen and slave. In the feudal society of the Middle Ages, it was between feudal lord and serf; later on, between aristocrat and citizen. But in Marx’s own time, in what he called a bourgeois or capitalist society, the conflict was first and foremost between the capitalists and the workers, or the proletariat. So the conflict stood between those who own the means of production and those who do not. And since the ‘upper classes’ do not voluntarily relinquish their power, change can only come about through revolution.”
Sophie’s world 

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