Profile picture
Noah Smith 🐇
@Noahpinion
, 9 tweets, 3 min read Read on Twitter
Today's @bopinion post is about over-tourism, and what to do about it.

bloomberg.com/opinion/articl…
Tourism is booming, especially in Europe and Asia. And it's BIG business - at least 2% of the world economy, and possibly as high as 10%.
traveldailynews.com/post/travel-to…
But when popular destinations get too many tourists, it puts a strain on infrastructure, and makes life worse for both locals and tourists alike.

This is called a congestion externality.
So how can popular destinations cope with the stampede?

They can try to divert tourists to less popular destinations...

asia.nikkei.com/Spotlight/Cove…
They can cut back on advertising and self-promotion...

citylab.com/life/2019/05/a…
Or, they can use CONGESTION PRICING.

cnn.com/travel/article…
Tourist taxes seem inevitable.

cnbc.com/2018/06/14/new…
Europe is leading the way here.

lovemoney.com/guides/52231/t…
Earth simply is not big enough to accommodate all the people who want to see the world's most famous sites.

There's nothing to be done for it. The price will have to go up.

(end)

bloomberg.com/opinion/articl…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Noah Smith 🐇
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @Noahpinion see all

Profile picture
Noah Smith 🐇
@Noahpinion
1/Today's @bopinion post is about getting rich.

The dream of getting rich is fundamental to the capitalist system. But in America, that dream is getting further out of reach.

bloomberg.com/opinion/articl…
2/Wealth mobility has decreased. It's less likely for people outside the top echelon to make it into that rarefied percentile.

clevelandfed.org/en/newsroom-an…
3/What's the classic way to get rich?

Start a business.

But fewer people are starting businesses.
Read 14 tweets
Profile picture
Noah Smith 🐇
@Noahpinion
Now at a talk called "Cities: The First 6000 Years", by Monica L. Smith (my aunt)!
(Just kidding, no relation. Probably.)
Smith: "There's no sign outside of San Francisco that says 'Go away, we're full'."

Me: o rly
Read 15 tweets
Profile picture
Noah Smith 🐇
@Noahpinion
1/Someone asked me why tech companies are becoming less popular in America, so here's a thread about that.

I think it's actually due to a confluence of three or four factors.
2/First, the Great Recession clobbered a lot of industries - finance, real estate, manufacturing, etc. etc.

But not tech. It was only a couple of years after the crash that the second Tech Boom was in full swing, minting billionaires and millionaires aplenty.
3/That naturally inspired a mix of dread ("what if tech eats the world and we all have to go work for those guys?") and envy, especially among people whose industries were either in decline and/or hammered by the recession.
Read 19 tweets

Related threads

Profile picture
Faisal Islam
@faisalislam
Today PM reiterated: a million to one “exactly where I would put the odds” of No Deal, & “absolutely not” working assumption, as Cab minister in charge suggested in writing yday.
meanwhile PMOS said he’d meet EU leaders when backstop position changes, and no contact with Varadkar
Game Theory argument for this approach - and El Erian below explains why it might work...

1. Commit credibly to No Deal - thru Cabinet appointments, spending
2. Try to isolate Dublin. Force its choice btwn backstop and November No Deal
3. Do better deal.
bloomberg.com/opinion/articl…
... but in order to send credible message on No Deal, PM needs to ramp up expectations of it, not play down.

This is because tens of thousands of small biz have not even taken most basic step in customs preparation because its a waste of working capital if No Deal not happening
Read 7 tweets
Profile picture
Values, believing, independent thinking, teamwork
@Bruno_Brunelli
#Libia 3 (mission impossible)

#Airports have become vital strategic assets for the many militias vying for #Libya’s vast natural resources.

foreignpolicy.com/2019/04/24/who…
#Trump would be better off listening to his own military commanders, who understand that #Haftar cannot so easily take control of all of #Libya militarily.

foreignpolicy.com/2019/04/24/tru…
President #Trump’s support of a #Libyan warlord is a big mistake

bloomberg.com/opinion/articl…
Read 206 tweets
Profile picture
Values, believing, independent thinking, teamwork
@Bruno_Brunelli
#Libia

Read 200 tweets
Profile picture
Filomena Rocha, President European Commission
@Filomen03258997
12. Attempted coup in Venezuela with support from the US - 2019

#Venezuela #AttemptCoupInVenezuela #War #Warlords2019 #TheWorldWithVenezuela #ElMundoEstaConVenezuela #ElMundoEstaConVzla #Democracy #HumanRights #dignity #Peace #Love #Freedom #UNCharter
😆😆😆😅😅😅😂😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣Bolsonaro @jairbolsonaro to Guaidó @jguaido : "self-proclaiming president is easy, I want to see govern🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
y @telesurenglish
The attack on #Venezuela’s electrical system was carried out in three phases. #HandsOffVenezuela
Read 215 tweets
Profile picture
I Want the Truth!
@DougieFreshii
bloomberg.com/opinion/articl…
gefira.org/en/2018/11/16/…
Steve Bannon is smuggled into the Oxford Union through the snowflake mob
Police officers in full riot gear were needed to get him inside
(Video)
dailymail.co.uk/news/article-6…
Read 22 tweets
Profile picture
Millennial Macro
@MillennialMacro
#demographics #militaries #economies #currencies
#USA
- Best demographics
- Largest military
- Largest economy
- Most used currency
- Liquid financial markets
- Open capital account
- Rule of law
- Best geography
- Can be self sufficient if required
- Not trade dependent
#USA
Top trade partners as of 30 June 2018:
- China: 15.2% (strategic competitor)
- Canada: 15.1%
- Mexico: 14.6%
- Japan: 5.1%
- Germany: 4.4%

The next 10 years could result in the below:
- Mexico (25%)
- Canada (20%
- Japan (7%)
- South Korea (5%)
- Great Britain (4%)
#USA
Bring the manufacturing (jobs) home while negatively impacting China's economy.
forbes.com/sites/kenrapoz…
cebglobal.com/talentdaily/au…
irishtimes.com/business/econo…
Read 338 tweets

Trending hashtags

#gold #HealthyFood #PAM #US #MamtaBanerjee #elliottabrams #AlBaghdadi #MenaAirport #RussiaRussiaRussia #currency #SummaCumLiar #PAMFAM #CongressPakistanUnited #NewZealandTerroristAttack #EricssonCase #SiliconValley #CF #RainFall2 #UraniumOne #watershortages #Iran #DeshKaGauravModi #WH #ClimateChange #SteveBannon
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!