Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Wednesday, December 18, 2024

We Are Already Globalized

I watch the news with some amusement these days. There's a nationalistic streak happening all over the world that's reminiscent of a century ago. The streak from the 1920's led to World War II.

But back then, powered flight by humans was in its infancy. Transatlantic flights were a rare and difficult adventure. The only way to travel from the Old World to the New was by steam-powered ships, which often took a week or more, unless you were really rich and could afford tickets on, say one Cunard's luxury liners like the RMS Lusitania.

[Yes, I know the Lusitania was sunk in 1915, but it held the transatlantic speed record until the 1930's.]

My real point is that this time around nationalism is playing out in a weird way. Politicians are pushing nationalism worldwide at a time when our economies are so complex and intertwined far more than they were a century ago

It used to be that imported goods were expensive items that one could not make or produce in one's own country. For example, it's hard to raise silkworms in the Scandinavian countries, so silk had to be imported from places were the worms could be raised.

But today?

Near-instantaneous communication and faster shipping with international flights means we don't have to wait forever to get something like cinnamon.

I've hired cover artists living in the U.S., Canada, and Bulgaria. I've sold books in every continent except Antarctica. This afternoon, I ordered doll hair from Australia. I bought a pair of beautifully crafted silver and citrine earrings from India for a cousin's birthday. And I love that cinnamon has become so common I can eat it in bagels every morning if I wanted.

If anything, the COVID-19 pandemic showed us just how entwined our economies have become, even if our cultures aren't.

Will this nationalistic fervor continue through the rest of the decade? I really doubt it. Not even the politicians want to give up their Chinese tech and their Italian race cars, so it'll be a little harder for them to make me give up cinnamon.

Tuesday, August 30, 2011

WSJ Finally Acknowledges the Obvious

Currently reading - Baby, Drive South by Stephanie Bond

In an article in yesterday's Wall Street Journal (thanks to Jay Lake for the link), business folks are FINALLY saying what we indies have known all along: the publishing paradigm has shifted and it's cutting into the houses bottom lines.

More significant is the graph (I love pictures with economics) showing e-books crossing the $1 billion threshold this year. (No that's not a typo. It's billion with a capital 'B'.)  Albert Greco postulates that e-books will triple within the next three years.

If anything, I think Mr. Greco is underestimating the rate of change.  DH, who wasn't much of a reader when we met, now has his nose in his Kindle everynight.  In all fairness, he did not buy the Kindle.  He stole mine, which was a gift from a friend.  Now you know why I'm still reading paper books.

I think e-book sales will accelerate exponentially  once a vendor introduces an e-reader below $100. And it will probably happen this holiday season.  Karnak said so