Posts

Showing posts with the label economics

How Materialism Can Become a Source of Shared Ideals Beyond Signaling Wealth

Image
"I cannot believe that people would keep all these ornaments at home for this time of the year." Until my wife uttered these words at the sight of the average Maltese residential area lit up in preparation for Christmas, I had never thought about the material side of the year-end holiday. Indeed, many houses are putting up more than cheap colorful lights. Many are putting up sculptures of Santa Claus, Baby Jesus, the nativity scene, and much else alongside a substantial tree so densely packed with ornaments that the green leaves are barely visible.

The Biggest Loser in the American Elections: The Election Pollsters

Image
Spare a thought for American election pollsters. After predicting massive victories for the Democrats in the two previous presidential elections, they again forecasted a tight election with a lead for the Democrats led by Harris. As the votes are counted, they are again proven wrong. Rather than waiting for days for ballots to be counted and then recounted to ensure that slim margins of errors are minimized in tight races, a picture emerged of the Republicans taking a massive lead in places they should not be, most notably in Florida where Trump won by 13%.

New Prime Minister Ishiba Has a Limited Time to Make His Mark on Japan

Image
By the standards of often blank-faced  Japanese politicians, the incoming prime minister Shigeru Ishiba is certainly charismatic. Years of going on TV shows and giving media interviews, not to mention running around rural Japan to shake hands with voters have given him a folksy, joke-filled talking style more reminiscent of George W. Bush than a Japanese bureaucrat in a suit. It is no wonder that he has earned the likes of the grassroots, while attracting skepticism among his fellow politicians, even within the same party. Being different does not help in the subdued one-party democracy that is Japan.

How "Incomplete" Independence Helped Malta's Economy Thrive on Its 60th Anniversary

Image
The 1960s and 1970s were the height of the decolonization movement. Centuries of European presence across the globe, particularly in Africa, disappeared in years. Sometimes it was the result of sheer violence, such as how the Algerian independence fighters took down an increasingly exasperated colonial French army and drove out millions of white residents fleeing in fear. But others, like Malta, simply saw the breakup of colonial empires as inevitable for the overstretched colonial powers, feigning allegiance to symbols of continued colonial rule in exchange for concrete progress toward self-governance.

The Success of Localized Chinese Food Shows a Path for the Chinese to Thrive Globally in a Less Globalized World

Image
There is a commonly served dish among Chinese restaurants in Malta that I have yet to see anywhere outside Europe. Called "crispy duck," it consists of deep-fried duck meat served with hoisin sauce, thin pancakes, and raw cucumber and onion strips. They are meant to be eaten like Peking duck, wrapping the meat with the vegetables in the pancakes, with some sauce sprinkled to give it a taste. Yet, the fact that deep frying and raw onions are involved in the process means that the result tastes quite different from Peking duck.

The Lack of High-tech Toilet Seats Outside Japan May be due to Pure Racism

Image
One of the common refrain for first-time visitors in Japan is that the country lives in the future. An example frequently cited for futuristic modernity is the prevalence of the ubiquity of the heated, bidet-enabled, remote-controlled toilet seat in Japanese restrooms. Even in personal anecdotes, I have heard too often why the piece of technology is not found outside Japan anywhere except in high-end hotels, even though the technology behind it is by no means cutting edge and the price of the product by no means prohibitively expensive even if subjected to export tariffs.

Life in a Chinese Metropolis in 2024: Unparalleled Variety and Affordability Thanks to an Ever-Present Competitiveness That Mire Everyone in Constant Anxiety

Image
Finding myself on the streets of Shanghai for the first time since 2017 , I was rather surprised by the vibrancy with which the street life returned to the megacity. With major international news outlets covering the popping of the real estate bubble, the high unemployment rates among the youth, and stagnant wages, it is easy to come to the conclusion that people are less willing to spend the decreasing salaries from increasingly precarious jobs. Yet, despite the anecdotal and statistical evidence that would discourage such development, the streets are seeing more and more shops competing for customers.

Sensitivity to Inconvenience Drives Entrepreneurship

Image
I grew up not so wealthy. Being not wealthy usually means that when inconvenience strikes, "let's buy something" is not a viable solution. When shoelaces snap, a piece of string would do well as a replacement. When soy sauce is gone, salt is just fine as an alternative. When the curtain or the windowsill is broken? A piece of cloth would do well to cover up the gaping holes. While my conditions were not often bad enough to resort to such, a mentality emerges: if an inconvenience appears, the priority is to find a workaround with existing resources.

The Biden vs Trump Debate Shows the Dilemma of Utilizing Old Workers in an Aging, Depopulating Society

Image
People get old. Old people's mental processing power and ability to react quickly to new information are weaker than those of younger people. These are plain biological facts that govern the human body. Absent radical scientific breakthroughs that allow people to retain their brainpower and youth through chemical and biological enhancements, these facts will befall everyone, including the most powerful and important individuals in the world. A more efficient world requires that some older people retire from their positions and let more mentally qualified youths take over.

Malta's On-the-Ground Gridlocks Should be Solved by Widespread Use of eVTOLs

Image
Malta's infrastructure is bursting at the seams. An island of narrow streets is now having to handle ever-increasing inflows of foreign tourists enjoying summer holidays and foreign workers lured by the growing economy. The quaint two-lane "highways" crisscrossing the island are now frequently home to snaking traffic jams, with motorists having nowhere to escape amidst the lack of alternative thoroughfares in densely populated towns and rugged rocky terrains of the mountainous interior. As the economy and population continue to grow, Malta will see more frustrations on the road.

A New Business Idea: Take Your Smell Home From Your Travel Destinations

Image
There are many good ways to remember and share the memories of a trip. Plenty of people take pictures of sights and food, many others record videos of the sounds, the people, and their reactions, and a few, like yours truly, write down thoughts and reflections in prose. But these remembrances cannot fully do justice to how wonderful or awful a trip was. For all the audiovisual and mental recollections that can be registered and replayed, the tastes and smells of the place cannot. Plenty of storytellers try to do their best job to verbalize the olfactory and gustatory; none can beat the real thing.

A Entirely Voice-based Platform Can Save SNS from Losing Normal Users to Business Interests

Image
Twitter (or X, as people are still trying to get used to the new name) is known for its spontaneous outbursts and text-based real-time updates to live events. The fact that it is so short, so easy to type up, and so ingrained into the culture of a community consisting of millions of equally impulsive tweeters ensures that those who have something that they have in their minds would want to record those thoughts and broadcast them into the community. Getting others to agree or denounce your impulses before you forget them yourself has proven to be quite an adrenaline rush for some.

Increasing Crowds of Tourists in Malta Highlights Both Scarcity of Resources and the Opportunities to Make Money Filling the Gap

Image
The central bus stop at the little town of Marsalforn was inundated with a sense of impatience. The dozens of people gathering in the little square could not stop staring at the road leading to the bus stop, as if a more intense stare could get the bus to show up faster. On the mobile app of Malta Public Transport, the bus was shown as a mere 4 minutes away, but with one bus coming every 30 minutes or so, everyone was getting visibly jittery as to whether the small bus could fit everyone in the bumpy journey to the central bus terminal in Victoria, the capital of Gozo Island, only some 6km away. 

Can Malta Ask More from Hollywood in Exchange for Blockbusters Being Shot Here?

Image
Few can argue with the natural beauty surrounding the Popeye Village. The theme park is situated in its own little cove, surrounded by jagged cliffs reflecting the warm afternoon sun into the pristinely clear seawater below. Its remote location, distance from major population centers on the island, the lack of regular public transport connection, and the inconvenient fact of having to pay an entrance fee to enter the theme park, all contribute to the pleasant lack of boorish sun-bathing tourists that have inundated similarly beautiful locations all over Malta.

A Tight-knit Community Ensures Local Corruption Stays Limited

Image
The little community library in the Maltese town of Mosta was, well, little. But in a small room with perhaps five shelves, a service counter, and a table, every corner was filled with books, many of them quite worn out. The main focus, as is the case for libraries elsewhere , is books that children can read. Picture books, novels, and non-fiction imparting writing skills and knowledge on young adults make up, at a quick glance, more than half of the collection. As adults turn to the internet for their readings, it is clearly the kids without their own digital devices that still carry around paperbacks and hardcovers.

Do Jobs Define Masculinity?

Image
The non-Japanese portrayal of the Japanese salaryman is often an illustration of the unenviable foot soldier of Japanese economic success. Overworked and exhausted, they drag themselves into similar-looking office buildings in their equally similar corporate uniform of black suits with neckties. Admired for their individual sacrifice and hard work as a sign of devotion to help their companies and country grow and prosper, the non-Japanese observants would nonetheless loathe to emulate the way these salarymen worked and lived.

Defining "Developing" Requires an Exercise in Firsthand Comparisons

Image
It was only when the taxi sped out of Malta International Airport that I realized the meaning of the word "development." I had just spent a weekend in Tunis, only a short one-hour flight in North Africa. Fascinating as the capital of Tunisia was, with its combination of colonial French and medieval architecture interspaced with the hustle and bustle of everyday life, the city was clearly rough on the edge. Streets were overrun with trash, watery sewage, and feral cats and dogs. The pavements, buildings, and markets were crumbling from the lack of repair and random touts following tourists for a quick "gift."

Malta Has a High Obesity Rate, But for a Good Reason

Image
As someone used to the world-leading obesity rates in America, it is interesting to read about the equivalent in the EU. Malta, with only a quarter of the population classified as obese, is considered one of the most obese in the bloc. It speaks to just how healthy the average European is compared to the average American. But the figures also point, perhaps only marginally, just how the Maltese lifestyle, in a rather unfortunate way, may be much more similar to the American one as compared to other places on the continent. 

Why is Tourist Traffic So Homogenous in a Racially Diverse Malta?

My wife made a great observation in our day walking around Malta's historical sites: while the country is a hotspot of globalization , with worker residents coming from around the world, the same level of globalization is not reflected in the country's international tourist traffic. Whereas the country's buses, shops, and indeed, the workforce of tourist hotspots like hotels and restaurants, are filled with people of different colors, the crowds of tourists that come from outside the Maltese islands are overwhelmingly white, sprinkled with some Asians.

Malta as a Globalization Hotspot that No One Has Heard of

The local takeout burger place was manned by three youngish workers when I last visited. One yellow, one brown, and one black. Clearly from three different countries (none of which is Malta) and they communicate in perfect English amongst themselves and to their equally multicultural clientele and delivery personnel taking orders for various meal-order apps. This little spot is a perfect microcosm of modern-day Maltese society: a society that is, quite literally, full of people from around the world, working and living together to make the island economy tick along.