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”)
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. 
Buzzing free
It is always a chance to be in a city that bans cars for some time from streets and bicycles and pedestrians can walk freely in the city. On September 22nd 2024 this is the case in Brussels. In addition, the public transport system allows people to buzz around the city free of charge. Of course this is an invitation to get to know areas of the city where you normally don’t take the time to visit or mix with people. The police used the time to teach children how to cycle in a city in all security and respecting basic rules despite the enthusiasm for speed or going round in circles. Unfortunately, this happens only one Sunday out of 52 in a year. It is just amazing how the feeling of safety on the road changes again. The level of noise and pollution drops to levels of the countryside. Buses and trams pass the city easily and most people get around faster than they do on other days of the year. It is a bit like a coordinated health intervention for the stressed urban survivors. This experience is a modest reminder of how nice it was in Paris during the Olympic Games 2024 when prioritizing mobility beyond cars haa been effectively implemented for several weeks.
Nature Spectrum
When it comes to colors, nature has shown us the way forward for a long time. Before mankind „invented“ bionics, nature had opened up the full spectrum of colors. It took us thousands of years to understand how to recreate the colors of something technically rather simple like the rainbow. The colors continue to impress us independent of our cultural background. More interesting than, maybe the Atomium in Brussels, is the almost daily reproduction of a rainbow in a park in Brussels (park Bois de la Cambre). All it needs is a sunny day, water fountains and the right angle of observation. It is magic, but still simple science. Enjoy.
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?
Desertification
Since 2018 we have evidence of the progression of desertification into some Member States of the European Union. The mediterranean countries are concerned as well as regions of Bulgaria and Romania near the Black Sea. There are multiple sources of desertification. The 3 main reasons of desertification are soil erosion, loss of soil fertility and loss of natural and desirable vegetation besides wind or water erosion and salinization. We also know that man-made climate change is at the root of the past and recent problems. The statistical indicators of land degradation are collected by the European Joint Research Centre and these data show a dismal picture of land degradation in general and desertification as part of this process. A study by Ilea et al. published in Nature 2024 projects an intensification of extreme weather in the coming years. Higher temperatures will most likely enhance desertification and more frequent flooding will contribute to more soil erosion as well. It is a rather strange process that we know we are creating severe problems for some regions which endanger the roots of their existence and yet we do not act upon those undeniable facts (United Nations SDGs list). The amount and dynamics of land deterioration put the global South under severe pressure, but also the wealthy parts of the Mediterranean basin will be affected. It about time to acknowledge that we are all part of the global changes and challenges. (Image palm tree in Paris, Jardin du Luxembourg, 2024)
Lost Objects
Project yourself into the future more than a hundred years from today, maybe even more than a thousand years from today. Some archaeologists will work on the planet earth to uncover the story behind the disappearance of the once very advanced species of homo erectus. They start drilling near some of the mystical sites of this civilization, the cities where mass celebrations were held called Olympic Games. These archaeologists use huge drilling machines to take samples at previous Olympic sites and uncover the remains of the thought to be modern civilizations on earth. Amongst all these samples they find all sorts of artifacts and layers left over. Plastics and metal structures appear in the samples as well as other forms of „artificializations“, transformations of earth’s principal „natural“ raw materials. The inhabitants of earth apparently lost or destroyed the planet‘s capabilities of CO2 storage and eventually became extinct. After fighting for survival on another planet the archeological expedition on earth saved this block of the remains of a doomed civilization. All this is pure science fiction, yet the specimen sample is exposed on the roof of the futuristic Fondation Louis Vuitton building near the Jardin d‘Acclimatation in Neuilly sur Seine. (Image of „Where the slaves live“ of Adrian Villar Rochas, 2014).
Paris Trees
Preparing metropolitan cities like Paris for the heating up of the globe due to climate change is a huge task. As early as 2020 Paris started an ambitious greening program. 170.000 new trees by 2026 in a densely populated city is a steep challenge. With 114.000 trees planted by 2024 as the Olympic athletes and spectators gathered in Paris the city is right on track. The 2 parks “bois de Boulogne et bois de Vincennes” have jointly 25.000 new or renewed trees. The cemeteries, for example “Père Lachaise” has received new cooling trees as well. Most trees, however, were planted along the notoriously hot and overcrowded “périphérique” with 50.000. Only with the use of a Colbert-like planning exercise and rigorous implementation against even some initial resistance, it is possible to achieve this result and the ultimate objective. Visitors of the Olympic Games already experienced the differences during the summer of 2024. Detailed planning by means of a “Bilan par arrondissement” facilitates monitoring of progress. Publishing the information is part of the communication strategy to keep citizens informed and engaged in this silent transformation for the benefit of inhabitants and visitors. (Image City of Paris webpage 2024)
Paris Experiment
The Olympic Games 2024 were prepared years ago. Already the application procedures to prepare “un dossier” has to bring in lots of ideas and imagination what is desirable and feasible. Paris opted for a celebration of sustainability in a city proud of its medieval heritage and the Haussmann tradition of radical transformations of a city with large boulevards and representative buildings. From the “Arc de Triomphe” the major axes of communication between “arrondissements” become visible. 100 years ago the city had already been transformed according to this master plan. At that time sanitation of a city meant different things than today. The invasion of inner cities by Diesel-driven cars made life unhealthy again. Now, the Olympics gave reasons to restrict cars and lorries passing the inner city and the great boulevards. More tourists need more space and shall keep a much better memory of how pleasant Paris was during the Olympic Games. This could be a game changer for urban development in general. The proportion of pedestrians versus cars has to be shifted in favor of the walking population for many reasons. Tourists will flock to the city, if the overall and shopping experiences are great. Back to the future sounds crazy, but it has an interesting flavor to it for urban renewal and residents as well. (Image Paris 2024-8, b/w color filter applied, enlarge to see vasque)
Green Olympics
Paris 2024 has won a medal for the Green Olympics. Sustainable building of Olympic sites is a crucial element in this struggle for saving resources. Just as important is the CO2 footprint of the transport within the city if you cannot prevent thousands of people from flying to the venues. Public transport in Paris used the occasion to improve its services considerably. The restrictions to cars driving around in the inner city also for security reasons made the Olympic experience for Paris a healthy walking experience for all. The view from the “Arc de Triomphe” during the Olympics in Paris is even more pleasant and relaxed as the noisy and polluting traffic is reduced to minimal levels. You were able to grasp the feeling what inner cities could be like if people were the overriding concern of cities rather than circulation of automotive vehicles. Redressing this balance in favor of people living, working and visiting is overdue and we all know this. The city of Paris used the occasion to demonstrate that another way or compromise is possible. This is also a way to write history and create unforgettable moments. Paris discusses already what to keep from the Olympics for longer. Maybe the vasque, maybe the cleaning crews. New Metro lines, of course. Why not the different traffic and mobility patterns? It’s well worth a lasting Green Olympic medal.
