Category Archives: Economics

Virgin Galactic

Lost in space.

I’d have never put a dime into this company.

[Update a while later]

In comments, some people seem to think that this is reflective of a fundamental problem with suborbital tourism. It is not. It was a problem of management and design decisions. There is a market for suborbital tourism, but neither of the only two companies offering it are properly tapping it. It’s tragic that XCOR couldn’t survive. It only needed a small fraction of the money that’s been wasted on Virgin Galactic.

The Climate Witch Trials

A cautionary history.

Climate change, the idea that humankind is having a negative impact on the planet, and what’s more that there will be an extinction-level event if we do not radically change our behaviour, has become one of the most feverishly guarded orthodoxies of our age. You query it at your peril. It is one of the few beliefs for which an entire new grammar of censorship has been created to protect it from interrogation.

Yes.