Like the second law of thermodynamics or gravity vertical integration acts as a sort of a universal drag. Simple vertical integration After a nail manufacturer introduces all kinds of products made from iron, like iron bells, needles, and rings, he… Continue Reading
Assessing last 100 years of corporate practice in western democratic societies one clearly sees that both branding and lobbying developed as professional and highly organized and positioned practices of every commercial enterprise. Although by rule they are never organized within same… Continue Reading
I like Quora very much. People ask questions there. Since we all know that there are no stupid questions but only stupid answers, I tend to interact from time to time even in cases when my initial sense urges me… Continue Reading
Sweatpants in urban environment are one of malign symptoms generated from permissive western culture. Continue Reading
Cryptocurrency mining. As if gold or silver mining? Apparently, there is a deliberate tendency to understand cryptocurrencies mining as traditional mining. For that same purpose the total amount of each currency is limited with a clear resemblance to that of… Continue Reading
Each and every human being is a part of several different cultural submarkets, but not necessary to any of arts markets. Continue Reading
With Bitcoin reaching $20.000 most probably, the question of what is “the real” value of Bitcoin Ethereum or altcoins is going to reach highs in parallel. Me, being a tender novice to crypto world and to blockchain world, and at… Continue Reading
One perecived as expert yesterday is today not expert any more since he associated with one political option. Continue Reading
War as emergent property of each and every system. Continue Reading
It looks like after Richard Thaler won this year’s Nobel prize for economy, Milton Friedman’s neoclassical economics is finally proven to be wrong. What a relief for all that never red neither Von Mises, Hayek, Friedman nor Thaler. It is… Continue Reading