TitaniumTeddyBear

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Browsing Posts in Economics

The future of music is intergalactic reality game shows!

Friends, I recently read this article.

It is a very interesting piece about how digital downloads of music seem to be dying in favour of on-demand streaming services.

The basic logic is that since everyone has access to the Internet pretty much whenever they want, and because streaming offers numerous benefits over downloads, and because streaming simply is more popular than downloads right now, music companies might as well get rid of digital downloads and just use streaming.

Makes sense right?

Well, yes and no.

Because the problem with a streaming service is that you you never actually own the music, so if the service goes away you’re left with nothing, even if you’ve spent a fortune on it.

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And by "party" I mean "unstable approach to the economy".

And by “party” I mean “unstable approach to the economy”.

So, according to Last Week Tonight people in the US have started bundling together sub-prime car loans as an “investment product” just like they did with home loans before the 2009 financial crisis.
 

We are meant to believe that this can’t cause another crash because car loans make up quite a small part of the loan market.

The problem with this argument is that the loss of the mortgage market didn’t cause the financial crisis, it was just the trigger.

It only caused massive secondary effects because the entire system was unstable, and it still is.

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I'll just leave this here.

I’ll just leave this here.

When I heard that Sony was cancelling ‘The Interview’ I was pissed off.

This was definitely a case in which the terrorists won, and I wanted to write about it.

But then Sony decided to cave a second time.

And 12 people were murdered in Paris, because other people disagreed with their ideas.

It got me thinking about responsibility and agency.

And I’ve come to the potentially controversial decision that if people want to risk their lives by going to a theatre that might be blown up, or by printing a cartoon that will enrage people, then that is their right, and we have no right to stop them.

And if journalists want to be able to call themselves that then they should probably start posting a few more pictures of Muhammad.

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