Sunny Trade

Some countries or regions struggle with trade deficits or trade surpluses, which cause worries to their partners. Eurostat publishes regularly the latest trade figures for the EU with external partners. The EU as a whole has a trade surplus in September in 2024 of € 12 billion. From January to September in 2024 the surplus accrues to 140 billion already. Overall, this is a rather sunny picture of EU trade. As we import raw materials and fossil energy mainly, the rest of the world is largely appreciating what we do with the imports, at least in an economic sense, environmental concerns tend to be neglected in such considerations.
The import statistics and figures do not capture the contribution of the sun to our energy balance sheets. We import energy from the sun almost on a daily basis and our trade statistics to not capture this, despite their huge impact on production and the fossil energy trade imbalance we report each month. Imported energy, the largest negative position in our sunny trade balance, in the EU amounts to € 20 billion per month. Harvesting more wind and solar energy as well as geothermal sources and energy storage require huge investments, but millions of Europeans are willing to contribute to this effort. With rising protectionism we should act now to avoid years of structural trade deficits in the coming years. There should already be more sun in the still sunny trade balance. To keep it that way more sunny trade will do the trick.
(Image from Eurostat, 2024-11-18, Euro area trade balance by product group in billions of €, original states in %, retrieved 2024-11-29)

Legal devices

In the 1st chapter of “The code of capital”, Pistor (2019, p.3) specifies the 6 major modules of the code that creates a lot of wealth, but is also eager to keep it to a few privileged persons in society. In order of appearance and not exclusively they are: “contract law, property rights, collateral law, trust, corporate, and bankruptcy law. In these modules 4 major attributes of assets are defined for the holder and later exercised courts as well as other state institutions: (1) priority, (2) durability, (3) universality, and (4) convertibility. In other words, the legal devices rank claims in a qualitative sorted order and guarantee the value of such claims over time and space. The fatal vice of the device is the convertibility of private claims in to one against the state as the ultimate insurance against a risk of credit default by other parties. Similar to bitcoins today, the financial derivatives make it possible to “create money” out of nothing, just like a “deus ex machina”. The states had and still have no control over this “artificial creation of money without being linked to a kind of reserve value.
Such intangible assets may contribute to wealth creation as tools that facilitate a faster turnover of goods and services in an economy or between countries and thereby create corresponding real value. The control of trade and currencies, however, becomes also subject of additional possibilities of fraud and crime. Here again it is the legal system that is challenged to protect the application and efficient functioning of the 6 major modules of the code of capital. The concerns of inequality in and through law are relegated to politics and policies within single states.
The final chapter 9 states rather bluntly: “capital rules by law” (p.205), but it enumerates several ways, how to curtail this code of capital. Tax sheltering in other countries or taxation by choice of country should be made more difficult. Blacklisting is efficient in most cases (p. 225). Arbitration might work if somehow an equality of power is achievable. Internalization of externalities is easier said than done, but needs to be considered right from the beginning of  changing laws. Purely speculative contracts should be referred to “casinos” and betting instances and no longer be eligible for business contracts. The revision of the education of lawyers is another part of the counter measures. The autopoiesis of the legal system and its profession has been highlighted by Niklas Luhmann before. A great deal of the difficulties we face with the code of capital appears to be due to the self-referential exclusionary practice of legal devices. We have to bring society back into the discourse of law in order to preserve democratic structures and the equality of chances in society.
The strength of “collective rights” in labour law, of cooperatives or the share economy allow for potential remedies to the hijack of law through capital and exchange markets. Open source movements as in software creation are forward-looking models that the creative commons licensing for security, but also equality purposes. Employees’ input in the process of capital creation should be rewarded and codified accordingly. Last, but not least, countries will have to reclaim legal authority in parts of law that affects “the wealth of a nation” and its distribution. Similar to  “no taxation without representation” we should claim “no legislation on us, without us”. The role of legal advisory firms to draft laws outside of parliament has probably gone too far already. The task of politicians to understand the consequences of what they vote for in parliament has become more and more difficult, yet there is no way around a drastic increase in competences, legal and otherwise.

Juridification

Law has entered almost all domains of life. This has a lot of positive effects. Law in general, we tend to believe, has an intrinsic link to justice. If you go to court after failed attempts of mediation you will get a judgement(s) from several instances at times and with substantial delays. Justice, however, is a much more complex issue. Ethical concerns enter the stage as well as the ability and willingness to devote substantial resources to support a legitimate or legal claim. A kind of balance of power appears to be a necessary precondition for justice to be achieved. Of course, jurisdification is a process, where time plays to the advantage of one or the other side of contestants. The book by Katharina Pistor, “The code of capital. How the law creates wealth and inequality” has highlighted the importance of the legal intermediaries in the juridification and codification of modern societies. The basis of today’s capitalism relies on an expansive definition of what constitutes capital. The transformation of debt into a product, which can be traded by a “second hand” rather than the “invisible hand”, had created a warning to societies that the extension of rights and volumes led to a financial crash of the most powerful economies. The states, i.e. taxpayers, had to step in to guarantee credits taken out by banks and other financial institutions and ensure the solvability of underwritten debt. The state guaranteed for losses of capital and enforced the rule that deficits had to be shared among all. A well calculated bankruptcy of the system was then managed by lawyers and bankers rather than the politically elected representatives of the people.
The juridification has been extended to intellectual property rights as well. This made the fruits of intellectual property tradeable. It is rarely the authors that negotiate translation rights or the use of a novel as a screenplay. You better rely on a specialised lawyer to assist you in the national or transnational defence of intellectual property rights.
Artificial intelligence relies on huge data inputs. It is not an easy task to define ownership of data, especially of what we believe are “your own” data. Juridification means that a process of narrowing down definitions or the opposite, absence of a proper definition, creates market opportunities to trade data and the right to collect or use those data for specific or encompassing purposes.
Are we still all equal in front of the law? Or do the better informed have a significant advantage over the rest of society? Financial resources play a vital in the legal system as well. Collective solutions, like associations of consumers or trade unions, have demonstrated that they may operate as a societal antidote in the biased codification of capital. Democracies are well advised to open their eyes to the blind spots in the “regard” of justitia.
(Image: Auguste Rodin, Cariatide à la pierre, enlarged bronze statue in Paris)

On Dosage

  1. Dosage is key. We all know it from everyday expériences. Certainly from drinking alcohol we know the tricks that dosage can have on us. Consumption in small doses is fine and enjoyable, but larger amounts cause all sorts of trouble. In pharmacology the effect of dosage is applied with particular virtue. Small doses even of a poison can have beneficial effects. More of rhe same might well kill you. The same rationale applies to other fields as well. Physiological training effects depend a lot on the right amount of training and the timings or intervals between training sessions. In managerial, economic or social applications the question is not only about what is the right remedy, but also how much of it. The interest rate decisions of central bankers are mostly concerned with dosage rather than « whatever it takes ». A minimum wage increase is equally about dosage and we all have additional examples.
    Even in art, take painting or music, dose and pose, that is the question. It is quite surprising that such an overarching issue has received rather little attention, comparatively or only among specialists in each field.
    It appears strange, but it is possible to have only a little bit of war, as opposed to comprehensive conflict. The applications of dosage are manifold.
    Learning about dosage might prevent binge learning at first and binge viewing later on. In the age of tiktok and social media, dosage has become a key competence. (Image Extract of Gustave Courbet Die Welle 1870, Alte Nationalgalerie Berlin).

On Plurality

Most people are familiar with plurality under the term pluralism with respect to political parties or political systems. We have gotten used to have more than one political party tp represent the right or left in party politics. This is a challenge to people and parties as coalition formation can be a tough challenge to negotiate with a spectrum of parties rather than single representations of opinions and values. Plurality is, however, a more far reaching concept, which is applicable to many other fields of interest. Plurality of living styles are common fields of applications as well. Gender issues beyond binary gender identities qualify as yet another example for the pertinence of the concept. Nature has foreseen a wide variety of species even within subcategories of whatever classification system you apply, just think of trees. A broader variety of individuals is likely to increase the « requisite variety « of evolutionary processes as well. Plurality of modes of transport are another recent example of a widening of technological options available to reaching the same destination. A lot of progress and social progress is relying on allowing plurality to thrive before eventually narrowing down the spectrum. (Image: Sophie Taeuber-Arp, Composition with circles and rectangles, 1932, p. 256 from exhibition catalog 2024)

On Uncertainty

Uncertainty is a catchword for all sorts of undetermined occurrences, which we might have to confront. We associate economic uncertainty with the difficulty to forecast or predict the economic evolution of key indicators like inflation, GDP, CO2-emissions, energy and raw materials’ prices and availability. Even factors like increases in greed of CEOs, psychological factors like insecurity about external or internal conflicts drive these macroeconomic indicators. Micro-level features of your own stage or evolution of the life course have an impact on and will be affected by uncertainty. Employment, housing, family, or household composition are subject to high levels of uncertainty. These micro- and macro- level factors are, of course, not limited to the domain of economic phenomena. Most recently, political uncertainty has reentered the international and national sphere with the re-election of Donald Trump as president of the United States. This election outcome of the U.S. is perceived by many as increasing the overall uncertainty due to the unpredictability of political decisions and even previous treaties with the U.S. or where the U.S. is a major partner in the agreement. These economic and political uncertainties are accompanied with a perception of growing legal uncertainty even in very personal spheres of life. Last, but not least uncertainty about climate changes like heating up of the planet and more devastating flooding and droughts contribute to increased uncertainty about future developments and the need to initiate adjustment processes and the financing of those.
The individual and societal ways to cope with increased uncertainty are one of the major economic, political, legal and social issues for the coming years. The answers are likely to be found in mutual, cooperative and risk sharing arrangements. The social in society will be a major part of dealing with increased uncertainty. (Image: Extrait of Paul Klee, Seiltänzer 1923)

Build Tec

Home construction has turned into the art of isolation. Saving energy is easiest in a well isolated home. Besides the roof the walls, doors and windows are next issue. Isolation inside and/or isolation outside are good points of departure. Heat pumps are the next step that needs attention. This is already a sequence of works that have to be planned well in advance. Electric current or LAN wiring or even fibre are additional features a modern home should be equipped with. Lots of different skills involved that we are unlikely to find in traditional occupations. Networks of enterprises are involved in building technologies. Startups in this area could offer better integrated services to clients to advance energy savings rather than the traditional skill sets spread over multiple trades and occupations. Learning tasks and skill needs are abundant.

Ener Tech

The future energy lab in Berlin proposes valuable advice and guidlines for the „prosumer“ revolution in energy technology. From the own or home production of energy, the sharing of investments and infrastructure to the distribution network and finally consumption, the whole life cycle of energy is treated with a concern for environmental and financial sustainability Sharing is the way forward and many solutions build on this basic idea to move beyond the individualistic approach and fossil fuels cheap in the short term, but more expensive to society in the medium to long term. As most solutions make use of digital tools the issue of cyber security has to be a concern right from the beginning or even the planning phase. Joint production and consumption rely on people and communities reaching compromises. However, wholesale resourcing and averaging over households allows cost savings. The technology is available already, the skilled people to implement these solutions are currently the bottleneck. DIY will have to bridge the gap as neighbors learn from neighbors as yet another form of community building and engagement. (Image gamification of community decision making, SCCON Berlin 2024)

Mobi Tech

There is much more to mobility and technology than new cars and bicycles. Innovative infrastructure provided by new public services allows new forms of mobility technology to strive. Charging points across a country are crucial to ensure smooth and smart mobility for example with e-cars and e-bikes. Software guides us to next or cheapest charging point in the surroundings. Public services provide the basic data on this and need trustworthy updating and repair of the infrastructure to avoid frustrations. Navigation systems need up-to-date info on areas with restricted mobility due to high emissions (diesel) or illegal parking of shared bikes and rollers to avoid a banning of share options in inner cities. Data allow the guidance of traffic and combinations of different modes of transport. Mobility tech is nowadays a largely data driven process and public services provide important basic services and information for innovation and reduction of emissions in the field of multimodal mobility.

Start-up Winner

The SCCON 2024 has awarded one of its prizes for start-ups to „neuraflow“, which proposes the programming of chatbots for small communities or cities among other AI-applications. The test in multiple languages for the city of Bremerhaven is fun to test and shows that online public services can be witty and fun to use. The incorporation of local dialects gives the impression of a very personalized service. Moving the administration closer to the heart and the location of its citizens is achievable through shifting communication online. Prior information before a first contact speeds up information and administrative processes for everyone involved. Congratulations to the team involved and we look forward to many nice applications of the same technology in other cities. Admin can be fun, even in Germany 😉😂

Digital public management

Countries with large public sectors also have specialized research called administrative science. More than 25 years ago the whole discipline has been hooked on the idea of so-called “new public management”, which introduced “management by objectives” and “benchmarking” as new tools into the field of public sector management. In Germany Naschold and Bogumil (2000) have been publishing extensively on the topic.  In 2024 the new public management is well established and the now new challenge is “digital public management”. Berlin just hosted a fair on this topic (SCCON 2024). This allows to speed up administrative procedures, increase the reach of public administration into remote areas and creates new challenges to counter the digital divide of society. The modern public sector may shift from being pushed by private sector companies in terms of digitalization to being a forerunner of digital provision of services. Tax declarations in Germany are a good example, where for many years it is a widespread practice to rely on digital forms of declaration and communication between the tax office and its clients.
Other countries, like Estonia, have taken already many more far reaching forms of digital public management and digital provision of services. The scope of such reforms is huge and the administration of persons in remote areas and aging societies give additional reasons to push ahead with digital public management.
At the time when even emails become outdated among youth, some administrations are proud to feature their latest innovation in digitalization. A machine is opening physical letters and scans the documents automatically and stores them in a secured cloud for example. It is indeed an important “bridging technology” for administrations dealing with a generation of older persons who are used to this form of communicationd by (snail)mail.
Many interesting new digital solutions (hard and software) were on display at the SCCON 2024 and many more are in the pipeline or pilots have been implemented already, well worth studying in more detail.

Risk Takers

We are all risk takers of one form or the another. Those of us who ride motorbikes or enjoy rock climbing have an above average taste for risk taking. Since the publication of „The risk society“ we are aware that collectively as a society we have taken on additional risks like nuclear energy, atomic weapons or the risk associated with silent climate change with the persistent reliance on fossil fuels to a large extent. Holman W. Jenkins (WSJ) has added an additional perspective on risk takers which originates from government policies to encourage building homes in places subject to high risks of flooding. Several policies come to mind that encourage individuals to take high risks and construct and repair buildings in flood prone areas. Government grants, insurance policies and relocation subsidies are at issue here. Regulations like driving licenses try to build on competences to ensure „more rational risk taking“ in people. Teaching about nutrition might alleviate the obesity pandemic as much as awareness of an active lifestyle can avoid a large number of cardiovascular diseases. Risk taking should be to a large extent an individual’s choice with the consequence to live up to the consequences of the risks taken also more an individual’s responsibility. Collective solutions are a powerful way to encourage additional risk taking. The consequences of those well-defined solutions have to be funded collectively as well. A society-wide discussion and voting process on such issues has to be organized and updated from time to time. (Image Skateboard high and long jumps Brussels 2024-10)

Ranking Enterprises

The Spanish economic newspaper has published on its front page an updated ranking of the top 10 Spanish companies using environmental, social and governance (ESG) criteria (see below). elEconomista.es on 2024-10-12 shows through this updated ranking that ESG criteria continue to be relevant information for investors. It is not just a nice to have information but gives important information on the sustainability record of a company. Continuous monitoring is key to show and reward the efforts and investments companies have made to improve sustainability. This information needs large distribution in order to keep up the awareness that there is more to a balance sheet than just turnover, profit margins, debts and investment. Churning of employees creates costs to society as a whole as well. Any early information on ESG indicators, therefore, allows a much broader assessment of the full impact of enterprises, 360 degrees and over time. Certainly a good example to follow up on.

Study Wages

There is a remarkable study of sectoral minimum wages in California. It deals with minimum wages that have been raised set to start from a floor of $20 per hour in the fast food sector. The first indications after 6 months show that the wage increases due to the regional and sectoral minimum wage in California were about 18% per hour. The wage rises did not have a negative effect on employment so far and are not expected to happen. The first indications suggest that price rises absorbed 2/3 of the wage increases. Consumers of the fast food chains and on special event locations do not react strongly on the price increases to reduce demand. As overall the turnover achieved in the restaurants increased even franchising chains were able to increase their profits. It is an interesting example that an increase in minimum wages can create a win-win-win situation starting with a substantial pay rise. A second round effect not mentioned in the study could consist in the narrowing of the price differential between healthy food and fast food. The option of a healthy meal might no longer appear to be so much more expensive.

Happy Time

“The times are a changing”, so is happiness. This is the spice of life we might add as well. Trajectories of happy life run not as flat lines simply on different, but largely parallel levels. Curves of different persons intersect. Even the focus of what determines personal happiness is different from one person to other. A job-focused person deviates substantially from a person deriving happiness mainly from her/his private life. The time dimension of happiness is yet another puzzle. Some persons have a focus on now and today, others consider a future time perspective for a happy life as less, equally or more important. Even the retrospective experience of happiness or unhappy childhood experiecences can override current emotions and oveall satisfaction with life. Economists apply a so-called discount rate to benfits or costs that accrue in future, which means that 1000 € in future, usually are estimated to have a lower value than 1000 € now. Happiness at some point in time in the future is likely to “suffer” from the same rationale. Satisfaction now is valued higher than even the same satisfaction at a later point in time. This probably explains a large deal why fewer people are concerned with their retirement benefits early on in their professional career and their job satisfaction trajectory. Many artists, apparently have a deviating time horizon. They endure economic hardship now for some recognition in future, but still have a happy time now.
(Image: Jorge Carrasco, Church Painting, France)

Patient Capital

There is something cultural about capital. Different cultures use different narratives when they commonly talk about capital. In Western capitalist societies it is common practice to cite “capital is a fugitive dear”, meaning that people who command sizeable amounts of capital tend to flee places once they become to agitated, especially by politicians. The Eastern narrative surrounding capital is more focused on “patient capital”. The newspaper “China Daily” has more than 6.000 entries referring to this term. On 2024-9-26 (p.9) the Japenese economist Kazuyuki Motohashi praised the Japanese economic system and its specific form of patient capitalism as based on” long-term, stable investment, which enables companies to achieve sustainable growth in the long run”. The Chinese economy suffers as Western capitalism from excessive focus on short-term profit seeking and this causes huge market flucturations shifting quickly from shortages to oversupply and back again. Short-term rent seeking is driving whole industries into fluctuations that are hard to attenuate through other economic (fiscal and monetary) as well as labour market policies (training, re-locations, internal migration).
It is interesting to witness that recently in Germany an example of a bank that had benefited from a patient capital approach of the German government for more than a decade (Commerzbank) is now prone to a bit of a hostile takeover from another bank probably more interested in the short-term rent-seeking. After all, banking and the varieties of capitalism approach highlight that at the very heart of economic rationale there remains a little bit of a cultural twist to understand what is happening in international economics and competition.(Image: Musée Rodin Paris 2024, Le Penseur”)

Fiscal Union

European Integration is slow and hard to come by. For others it is moving too fast (Brexit). Cultural diversity is a real asset of the EU. The economy or the economies are powerful on an international scale. Nevertheless, the diversity concerning the tolerance of fiscal deficits is still widely spread across the Member States of the EU (see image below). Some states seem to play it cool and run relatively high deficits compared to the EU averages. In OECD comparisons most of the above average fiscal deficits are closer to or even below OECD averages over time (link to pdf-file OECD, 2024). Within the EU differences in government expenditure as % of GDP or the indicator of Gross public debt according to the Maastricht Criteria range from 20% to 160% as percentage of GDP. This entails a different level of resilience to future crises. After we managed to leave the previous 3 crises (financial, Covid-19, energy) it is time to prepare for what might come next in terms of challenges. Preparing public deficits to be able to soften economic shocks is essential to be able to sustain yourself and support others. We seem to be a bit off-target to coordinate fiscal deficits across the Union. Eastern and Northern countries have suffienct scope to support expansionist fiscal policies, be it in the realm of a defence union or to address climate change. Southern Europe will find it more difficult to raise additional funds to prepare now for future challenges. Fiscal deficits might even be not only an economic phenomenon, but a cultural one as well. If we compare Japan with a deficit running at 240% with South Korea with 50% Asia is showing even larger diversity in terms of fiscal preparedness.
An economist’s stance on fiscal policy and fiscal union might depend much more on her/his region or country of origin than economists might want to believe.
Images: OECD Economic Surveys: Belgium 2024, OECD Publishing, Paris, https://doi.org/10.1787/c671124e-en. p.17.

freight transport

The transport of goods is an important and crucial economic sector to achieve reductions in CO2 emissions. According to statistics from Eurostat Total Road Freight Transportation increased by an annual 0.6% percent between 2019 and 2023. Considering the slack during the Covid-19 economic restrictions this is a remarkable development. Most people agree that more freight on rail could allow a much better performance concerning CO2 emissions. This needs substantial investments in infrastructure and intelligent solutions for optimised and accessible freight loading points. The logistics of the last mile for delivery has found many innovative solutions with battery-supported e-vehicles. The tough issue seems to be the production of e-lorries at competitive prices to the Diesel-engines. Considering the legal obligations to take breaks to ensure sufficient concentration of lorry drivers, the battery charging infrastructure has to be planned accordingly. Ports and airports a certainly key infrastructure for freight transport as well. Industry has additional key locations with high freight frequencies and tonne-kilometres. Eurostat data show that EU-wide empty running vehicles account for about 22%. Scope for optimization is, therefore, a continuous challenge for the sector.
E-transportation is high on the agenda in the sector and production of e-lorries a big challenge. There a many positive signs that the sector has taken up the challenge as there are an estimated 100.000 € per year cost advantage of battery-driven lorries compared to traditional ones (Le Monde 2024-9-24 p.16). This is simply a long-term survival issue for the sector. Smart transport solutions add to the productivity potential of the sector in combination with electrification.

Sufficient

What do we mean by sufficient? Sufficient of what? French philosophers currently debate the topic under the French notion of sobriété (sobriety). They give as English translation sufficiency, but the notions do not match exactly in the usual understanding of the words. In breaking with the economic rationale of more is always better, the idea of having sufficient food, room to live in or social contacts to not feel lonely, the notion of sufficiency hints towards a rethinking of our customary lifestyles. How many trousers are sufficient? Well, as with shoes there might be gender differences or more generally interpersonal differences or preferences to come to the conclusion of how many is sufficient. If we bring in the notion of sobriety in additional, we allow another social and/or ecological dimension. This may redefine what is sufficient based on judgments how much our planet can handle (emissions) and distributional judgments. The western lifestyle of the last 100 years is no role model for other countries to follow. It is urgent to rethink our growth based economic model to develop new socially viable ways of production and consumption. It seems to be a necessary condition to reconsider the notion of wellbeing and wealth from a sufficiency perspective. It is a sobering thought, isn‘t it?

Waiting time

A new report by Darzi, a former cancer surgeon and past minister of health in the UK, paints a dismal picture of the British health service (NHS) over the last 15 years under conservative rule. The public service has seen no increase in its budget accounting for population growth and the aging of the population. The service is no longer able “to give patients the timely care they need” (The Guardian 2024-9-12 title page). Increased waiting times lead to an estimated 14.000 premature deaths per year. Darzi presents data that show 300.000 persons had to wait longer than one year for a treatment that should have been performed within 18 weeks.

The staff seems desperate for changes as well as they have to spend more time on management of waiting times, time which is lost for real treatment. The quality of care is another issue which awaits urgent attention. Health cannot wait for most patients, but the neglect of investment in hospitals and people is expensive in the longer run. Even the reform efforts should not wait any longer. Time is a precious good and each life matters. (Image back cover of exhibition catalogue Käthe Kollwitz at MOMA 2024).

Health GDP

A report by the WHO and the World Bank (2023) on universal health coverage and financial hardship has emphasized the difficulties to reach the goals defined by the strategic development goals (SDGs) by 2030 in this policy field. Moreover, the paper by Mazzucato and Ghebreyesus (2024) invites us to reconsider the importance of health in the overall assessment of development and progress. The authors ask us to “rethink the narrow focus on growth in gross domestic product (GDP) that typically dominates economic decision making”. There is of course a long debate on the status of health, GDP or wellbeing as major policy issues or even foundations of the a state’s major objective. For economists the question has been answered for decades to favor GDP growth and more or less the other objectives can be achieved with a time delay. Recently social scientists have highlighted the overall importance of wellbeing or happiness rather than GDP as stated in some constitutions. Health as an overall objective is another challenge to the existing economic framing of societies. In a traditional economic perspective the health sector is part of the GDP increasing public and private sector of the economy with insurers, equipment and persons contributing to it. On the other hand, health enters into the distribution or consumption part of the economy. Each country strikes its own balance between production and consumption. Put simply, in form of an equation where production equals consumption, health enters on both sides of the equation in each country. On the global, scale the distribution between costs and benefits of health have not narrowed over the past. The challenge for the world population remains steep. Considering unequal population growth across continents, the situation might get worse before it hopefully gets better. We still have to continue huge efforts to increase overall health on earth for example through large scale vaccination programs. (Image The tombstone of Molière in Paris 2024)

Olympic Medals

The distribution of Olympic medals across continents reveals the persistent inequality of rewards across the globe. The first African country in the overall ranking of countries by Olympic medals is Kenya on 17th place. All 11 medals including 4 gold medals were obtained in athletics and in running disciplines 800m and more. The financial resources needed to practice running as high level sport are probably the lowest one of all disciplines. Ethiopia is another African country with this tradition of high level long distance runners on the African continent. Equipment and coaching in other disciplines than athletics involves more infrastructure and becomes more costly and the possibility to reserve infrastructure for elite athletes of a country is more difficult if the infrastructure for the population at large is rather limited compared to the population size. Therefore, the Olympic tradition has to confront the challenge of unequal access to many disciplines of the Olympic Games also in Paris 2024. Being a very good athlete is just not enough if you lack the coaches, training and facilities to be able to compete with the well-equipped countries. The knowledge about the best details of a specific technique or optimization potentials are part of the Olympic challenges as well. The Americas, Europe and Asia might be confronted with new forms or another criticism of imperialist strategies, this time in the domain of sport. The winner or medalists take all. Country rankings appear a bit like the football device “money buys goals”. (Image, Fondation Louis Vuitton, Paris, Extrait of Omar Victor Diop “Diaspora” 2014-2015).

Burden of Disease

For the planning of health and care systems it is important to measure the so-called burden of disease within societies or related to specific diseases or social groups. A large-scale analysis of several longitudinal data bases of the populations 50 years of age and older shows that we have underestimated the burden of disease to societies of psychiatric disorders, like depression, in most societies.
A meta-study and overview of previous studies showed already that depression (age 60+) is more common in lower-income countries (between 25 and 33% of 60+population age group). High income countries, studied by Wang et al. 2024 in The Lancet Healthy Longevity, have rates of depression well below these levels, but a link to socioeconomic status, inactivity and loneliness is still evidenced. A five-year follow-up of persons aged 50+ years shows that the probability to develop a depression (hazard rate) is twice as high for persons with low socioeconomic status, who were socially
inactive and lonely than for socially active, high socioeconomic status and did not feel lonely at the beginning of measurement. The conclusion of the research highlights the need to develop and implement integrated and simultaneous initiatives to addressed the growing burden of disease related to depression in older persons. (Image, Jules Desbois, “Misery” 1887-89, Musée Rodin, Paris)

Sports Game

Each museum in Paris gave its view on sports. There is hardly any perspective that is not represented. The link of sports to soldiers in ancient Greece or the gladiators in the Roman empire are prime examples of this. The Museum Quai Branly added an ethnographic dimension to this view showing sports traditions in African, Asian and indigenous American peoples. The bookshop of the museum added anthropological views and critical literature to the phenomenon of sport. A provocative example of critical cultural literature has in the book title the question: Is sport a game? We all have our opinions on this topic. The idea that sports remains a game is a rather naive one. Most people probably would argue that in view of the high ticket prices, sport has primarily become big business. Listings and comparisons of medals between nations have financial implications in the aftermath for disciplines and athletes. The upcoming Paralympics in Paris reframe the above question. Sports at high levels is a very serious game.

Olympic Shopping

After the Paris 2024 Olympic Games have closed officially it is high time, not only for the international tourists, to do some shopping of souvenirs from Paris. Some of the flagship stores like Le Printemps Haussmann renovated a 100 years old splendid staircase (image below) for this centennial occasion of Olympics in Paris. You may test your performance there and check which grades you will receive from passers by. The first numbers of the increase in tourists in Paris show significant increases from across the world including many countries from which previously few tourists arrived. Many will want to return to the marvelous sports sites and the great shopping experiences Paris has to offer.

The Galerie Lafayette, which recently closed a shop in Berlin, is a major attraction for international tourists. It offers unique instagramable images to visitors on the platform outlook into the world of luxury. Very difficult to not be seduced after so many exciting Olympic contests.