The products that we buy have costs associated with them that we don’t pay. They’re invisible to us because those costs get pushed onto others, usually in less developed counties. For example, you buy a new iPhone for $1500. But only costs Apple $570 to make. In reality though the …
To reiterate how poor humans are at judging the differences between big numbers take a look at the Reuters headline regarding Barclays Bank in the UK. “Barclays hit by $361 million penalty over issuance of securities” That is a tremendous amount of money; over a third of a billion dollars. …
I have had this post percolating in my head for awhile, and the idea is this: effective altruism is white washing for rich people. A few months ago I started this post. And then let it lie, but now with the revelations about Sam Bankman-Fried and FTX I dug it …
I just got an email from Strava informing me that that my subscription was going up $40/year. I’ve been a customer for over 10 years. Needless to say I promptly cancelled the subscription. I can abide an increase. The cost of everything goes up. But a 67% increase without explanation …
When I was in university I worked summers in an Italian restaurant, Campo Marina, in my hometown. Osoyoos is a tourist town. The population is around 3500 but would double in the summers when families would flock to Canada’s warmest freshwater lake. The restaurant in the summers was only open …