A build on analysis of automotive industry from @asymco (via @nextwavefutures daily newsletter) which points out 'firms that are husbanding capital can be “disrupted” by those who squander it'.

Is capital efficiency the right focus all the time?

asymco.com/2021/01/13/the…

1/? In 'Doing Capitalism in the Innovation Economy' @billjaneway:

'when economic growth over time is driven by unpredictable bursts of technological innovation that is speculatively financed, the allocation of resources to at any is bound to appear inefficient.'

2/?

So, @Jonathan_Rowson's tweet got me thinking. We face a strange situation: pretty much all of the main players in our politics are detached from important parts of reality. #Brexit 1/

https://twitter.com/Jonathan_Rowson/status/1103267737277739009

The loudest Remainers seem to want to go back to 2016. They are detached from pre-ref reality: there had been failures of UK democracy for decades. #Brexit 2/

#AlternativeUniverse #Brexit Tonight the UK Parliament votes on a package of measures from @theresa_may's Royal Commission on Leaving the EU.

1/ #AlternativeUniverse #Brexit After becoming PM in Sep 2016, May surprised everyone by saying the UK needed to build a consensus on the future of the nation before triggering Article 50.

2/

Or:

‘We Leavers have a critique that before Ref establishment ignored strongly-held opinions on identity & immigration they were in a minority &/or unable to be in representative politics because of structures (FPTP, few working class reps)...’

1/

https://twitter.com/GoodwinMJ/status/1069181998441340929

‘...now that we are the establishment, we wish to make exactly the same mistake, by defining those who voted Leave as ‘the people’, & everyone else as ‘not the people’ so we can ignore them...’

2/