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Showing posts from July, 2023

Need more cooperation and less competition

 Bangladeshi people like to be their own boss and operate their business them selves, which results in many small shops in a commercial area competing with each other. The problem is more concrete walls and repeat of basic administrative tasks which is not efficient. The government doesn't get much tax because all the businesses are too small to be taxable.  We need to work cooperatively in a team which will enable us to specialize in a field and make collective decisions. In any proper economy there are large shopping malls which employs lots of people who specialize in their field and advance their skills at the same time pay sizable taxes. These shopping malls also offer entertainment, socializing and a variety of goods & services at competitive prices which is unthinkable for the majority of the people in poor countries like Bangladesh. There should be more competition among businesses and more cooperation among consumers and employees. One area that needs most coopera...

Heliports increasing in Egypt, China, Oman and Italy

 Cairo 6 Heliports Muscat Heliport China Heliport Florence Heliport

Meet the world’s most flirtatious sovereign-wealth fund

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image: brett ryder Jun 29th 2023 Your columnist was in Riyadh in 2016 when Muhammad bin Salman, wearing robes and sandals, announced his Vision 2030, aimed at ending what the crown prince described as the kingdom’s addiction to oil. Saudi Arabia’s de facto ruler talked of selling shares in Saudi Aramco, the world’s biggest oil company, to fund a giant sovereign-wealth fund (swf), worth $2trn, to invest in diverse non-oil industries. He would be its chairman, benefactor and mastermind. It was heady stuff, even if some of it sounded unhinged in a hidebound autocracy like Saudi Arabia. The most striking thing occurred later when a palace official invited Schumpeter to a café. Young men and women sat without head coverings, flirting openly. The rule-breaking atmosphere was electric. Today, the Saudi swf, called the Public Investment Fund (pif), is becoming the goliath Prince Muhammad dreamed about. The value of its assets has ballooned to $700bn, it has over 1,400 employees and a rising gl...