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Your country of residence is where you buy your clothes, eat your meals, draw up your accounts and write your board minutes. But the volume and value of all these domestic operations depends on the role the country’s producers play in the global economy.
The company headquarters should be the place from which the business can best be run. Location decisions often involve proximity to necessary resources. For banks, this nowadays means access to political and commercial capital.
The economic case for separatism is that it removes the focus of grievance and the source of subsidy and makes Scotland again responsible for its economic destiny.
Environmentalism offers an alternative account of the natural world to the religious and an alternative anti-capitalist account of the political world to the Marxist. The rise of environmentalism parallels in time and place the decline of religion and of socialism.
Technology, globalisation and competition drive prices down. The status of positional goods, the rising cost of domestically produced labour-intensive services and the absence of vigorous competition push prices and inequality up.
Every business tells you that its economics is unique, and it’s rarely true. But for television in the twentieth century, it was true. But today this is no longer the case and like in any other market, people pay for what they want and show great diversity in what they do want.
Our attitudes to risk are governed, not by their incidence, but by their salience. Subjective assessments emphasise the salience of risks. For politicians, salience is all and that is why we are at war on terror.
The value of counterfactual history lies not in the questions it raises about the past, but the questions it raises about the present and future, and in the reminder that there is nothing inevitable about the world we observe.