To Support Innovation We Need To Accept Government Failure The most insightful idea that I have heard on how best to support and encourage new companies to create innovative products is this: companies don’t need a grant or advice. They need a customer. Therefore, the...
Can Machines Have Ura And Omote Understanding? In Japan, there is twin concepts of Ura and Omote. Most commonly, it is used in a societal sense to describe the private or hidden aspect of a person (Ura) and their public persona (Omote). For a highly conformist and...
Why We Need Fewer “Experts” An interesting view that I have seen appear across many differing topics in the past few years is that only experts should opine on any given area. This has been used across the political spectrum: only economists should opine on the...
Dangers Of Law Clerks With Checklists The discussion surrounding the dangers of automation typically centre on novel and futuristic application of Artificial Intelligence. Even if we are not worried about Skynet terminating humans, we worry about application of data,...
Why We Should Abolish The Income – Capital Distinction Much of the present tax system was designed in an era of physical industry and service and is not well suited to the modern intellectual property-based environment. The past 20 years of “tax reform” has mostly...
Why The Partnership Model Is Broken Only one person I can think of from my graduating class of 2005 is a Partner at a law firm. Of course, there might be more that I haven’t kept in touch with, but it is an interesting anecdote. A number of them became Partners at a...
