Optimism and causes for optimism, spotted in the media this week:
* Smashing capitalism: British exports hit a record high / UK’s National Living Wage increases are making SME jobs more fulfilling / U.S. Economy is booming… and “Labor Department puts unemployment at 17-year low”.
→ Smashing news, keep it up!
* Trump-tastic!: “American optimism about the next generation’s future is up seven points since 2016. According to a recent Gallup poll [sample size: 1,503 adults], about 6 in 10 Americans (61%) say it is very (18%) or somewhat (43%) likely that the next generation will have a better life than did their parents.” Gallup stated: “Americans are generally feeling optimistic about the direction of the economy, and recent Gallup polling suggests that Americans still think the American dream is alive.” A related Gallup poll asked women about how well they’re doing: “Fifty-three percent of American women say they’re thriving”.
→ My Google News search suggests this has been buried by the media since its release two days ago, as it has only been covered in about four news outlets. And one of those, still deep in Trump Denial Syndrome, feigned a perplexed air and asked: “Major mystery: Why are Americans suddenly so optimistic?”
* Taking waste for a spin: A new spinout company from the University of Oxford is “founded on technology that can turn waste from plastic, tyres and biomass into high quality transportation fuels and chemicals”.
→ Admittedly it’s only a new startup, but the technology involved is from a highly reputable university and it appears to be sound and scalable. There’s also good news this week of the discovery of new ways to extract the firmly-embedded plastics found in electronic waste such as old circuit boards.
→ The link is to is a very dense peer-reviewed science paper, but the paper is handily translated into plainer-English by the bovine boffins at The Cattle Site: “Our four-year study suggests that [multi-paddock] grazing can potentially offset greenhouse gas emissions [to the extent that] beef production could be a net carbon sink”. It appears that a few relatively simple and do-able changes in how we raise beef cattle can vastly reduce their various forms of greenhouse gas emission, and even make raising beef cattle into a carbon sink — while also cleaning up local fish streams. The McDonalds fast-food-chain appears to have jumped on this beefy new science, and are saying this week that… “By 2030, the company plans to work with suppliers and franchisees to cut emissions 36% compared to 2015, even as the chain grows.” Now if only they can do something similar for all the litter that their ignorant customers generate.
* Great steaming fools: “A History Lesson in Technological Optimism: Simon, Jevons, and Lardner”.
→ The Competitive Enterprise Institute looks back to the 1840s and finds much the same moaning and gloom about the steam engine as we later endured in the 1970s under Erlich et al, and with much the same effects. We can now see that… “Those who gave in to pessimism and fear did little more than inflict misery (and their own hot air) on the rest of humanity”.