Tag Archives: capital accumulation
Accumulation then philanthropy
Peter Woit’s review of a new book about Jim Simons, the mathematician and capitalist who set up the Simons Foundation, which funds math and physics research around the world but principally in the West to the tune of $300 million … Continue reading
Posted in Science
Tagged Bill Gates, capital accumulation, capitalism, Donald Trump, income inequality, Jeffrey Epstein, Jim Simons, philanthropy, Simons Foundation, wealth inequality
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Veblen cars and useless concerns for the climate
Lexus has an ad on the jacket of today’s The Hindu for its new premium hybrid electric vehicle, the LS 500h. The product description states that the car “extends relentless innovation to environmentally conscious engineering with a performance-centric Multi Stage Hybrid … Continue reading
Posted in Science
Tagged accessibility, affordability, capital accumulation, climate change, electric-hybrid engine, hybrid vehicles, Lexus, lithium-ion battery, LS 500h, private transport, public transport, Veblen goods, wealth redistribution, wealth signalling
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