economics

China is counting videogame purchases against your credit score

The Chinese government, with the assistance of national internet oligopolists Alibaba and Tencent, is in the process of introducing a new form of credit score that will factor in political compliance, the actions of one’s acquaintances, and the products one chooses to buy. Under this scheme, buying

The Sharing Economy isn’t about sharing

Sharing is largely incidental to what has come to be known as the “sharing economy.” It is simply a solution to the larger problem of allocating resources. Let’s say you have a possession—it doesn’t have to be a car or a domicile. Let’s call it a widget. You use it some, but definitely not all of th

Greek artist draws on Euros to send a message about his country’s plight

This, it is fair to say, is not how the European project was supposed to work out. At this very moment, German citizens can walk up to an ATM and withdraw their daily limit. At this very moment, Greek citizens can wait in line near an ATM in the hopes of eventually withdrawing their government-limit