The destruction of economic values as they are embedded in quotations on national and international stock exchanges has reached levels after the US tariffs announcements of unprecedented levels. Only the banking crisis had reached similar levels and bursting speculation bubbles. Whereas professional investors might have seen this coming, the normal small investors who had hoped for a positive effect of Trump’s economic policies on shareholder values, which occurred right after the election has been wiped off already. For those people who rely on stock market investments for their pensions have to digest heavy losses now. The second round effects of reduced consumption of pensioners who have lost 10% of their retirement savings will further aggravate the situation for this group of people. Paired with higher expected inflation the economy will be forced into a recession caused by Trump’s tariff announcements and enactments. As this will lower prices of oil and gas as well as other raw materials, his electoral base of tycoons following a « drill baby drill » device experience also losses. A lot of damage all around him leaves millions of people in the US with losses to digest. Probably even more across the world, particularly in the poorest countries of the world. Such a real world macroeconomic experiment is like playing poker on a global scale. However, many countries may build new alliances that may wither the storm better than Trump anticipated. Hence, the game of poker will reenter economic textbooks again in addition to game theory and maybe chess strategies. (Image winter sunset). 
Rich richer
The US economy under Biden had continued to make Americans richer. In an article by Talmon Joseph Smith in the New York Times from 2025-4-3 p. 7 the puzzle that Americans have grown richer, but don’t feel it, has been well explained. The large share of households owning their homes albeit with mortgages from low interest periods have witnessed their increased wealth. However, inflation is eating into their cash available for daily purchases. With another round of tariffs and additional inflationary pressure caused by those, the average person or household doesn’t fell much better off than some years ago. Economic anxiety and our preference for loss aversion or loss avoidance make us react with consumption restrictions to prepare for increased risks as well increased uncertainty about the directions of the whole economy and our very private wealth and consumption patterns. How and when the US economy will get back on track remains to be seen. Higher uncertainty usually reduces investments and with increasing interest rates again the economic recovery might be protracted. The NYT p.7 cites business owners with statements like “we’re not putting our foot on the brake, but we’re taking our foot off the gas.” Betrayel of working class people due to rising unemployment after 3 years of very low unemployment is likely to widen wealth gaps in the US population even further. The rich will get richer, but at high costs to the population as a whole. (Image: ceiling painting in Petit Palais, Paris). 
Tariffs trumped
Economists are used to differentiate between micro-and macro-level effects of tariffs. For each buyer of a car, import tariffs raise expectations about prices for a product. Many consumers will then decide to buy lower quality at the same price or postpone buying a new or replacement product for some time. For cars it might mean that many people will then decide to buy rather later than sooner. If thousands of people do so, the market will fall into recession overall and it will take months or years to come back to the same or a higher level. A political economy perspective has taught us that eager politicians are in favor of a short recession immediately after an election which increases the chances of re-election once the economy gets back to normal or catches up on lost growth.
The US under Trump apparently gambles with such an economic rationale. Short term inflation is already rising, interest rates stay high before the upheaval caused by tariffs starts to settle.
There is, however, another alternative mechanism at work as well. Thorstein Veblen long ago hinted towards what is not called in economics the Veblen effect. Some fancy cars for example can raise prices well above others because of their cleaving image. Just because they get even more expensive the buyers of such products gain additional attention as part of a social class which does not have to care much about their additional spending. The consequences of tariffs will most likely widen the gap between those saving dearly and those able to splash out cash despite increased tariffs. The most felt consequences, therefore, will be on social inequality within the US (compare WSJ 2025-4-24 A2 by Juliet Chung, “Richest of Rich Gain §1 Trillion”). 
Design skills
The is a huge B2C or C2B market in connection with home design and adaptations. Nowadays people are inspired by instagram, pinterest, YouTube and TikTok. Additionally, many play around with Apps to create their own images of how they would like to arrange or rearrange their home. Some have taken first steps to include measurements of their home in the design. The compatibility with professional software of the construction sector, however, is a drawback that delays or leads people to go to enterprises that take into account the prior efforts of young lay designers. It is a little bit like an own contribution in home building quite popular among new home builders to alleviate the upfront cash needed for first home acquisition. The younger generation could offer some of their “digital native” skills to bridge the gap in construction and home design. Of course, reworking and precise measurements on the location will still be required as construction has a lot of legal liability issues involved. Cooperation is a form of burden sharing to advance faster and/or with lower costs. 
La Défense reframed
- The whole new business area „La Défense“ was a huge investment project with international speculators highly motivated to reap the benefits of a business location just next to Paris, which at best would even feel a little bit like being „intra muros“. However, being at La Défense you see „L’Arc de triomphe“ only quite far away and you don’t really get the impression that you are in Paris. The high rising buildings around there originally gave god reasons for expensive office space. Few residents spaces made the area uncomfortable in the evenings after office hours. After 2025 most office spaces no longer are attractive for businesses and lack behind environmental standards of the 2020s. Many projects attempt to renovate the former office space into residential buildings with a considerable loss in the value of previous office space. For people working in the multiple shopping centers there this might be a feasible option if the rent is not excessively high. Students in transit through Paris might find this attractive as well. Families, however lack an adequate infrastructure as this area was built for an outdated business center and business model where families were believed to obstruct business efficiency. As the project developers have written off their investments over 25 years society can clean up the remaining space and repair. It will be another medium term project to re-create a convivial environment and community there as before the overriding device was make money there and run to a more human and diverse space.
Socioeconomic Circularity
Some sectors of the economy receive a lot of attention, for example sectors selling fancy cars. Other sectors, like the ones regrouped under the name of circular economy, receive much less attention and show up little in headlines. In fact, the circular economy is a great example of this. There are thousands of waste and rubbish collection, sorting and recycling centers, several hundreds of waste-to-energy plants, composting sites across the European Union. Of course, there is also a European Federation of the sector (FEAD). On the last FEAD conference in Brussels 2024 it became clear that Europe is finally waking up to the challenge of recycling costly raw materials.
The narrative concerning the sector needs to change further: what used to be subsumed as costly nuisance is in fact a potential profit center for companies and society at large. We do no longer want to import lots of raw materials from countries with dubious social and environmental records as part of our supply chains for raw materials. Time to act. This, however, is a rather complex socioeconomic challenge of circularity. The price mechanisms are not fully functional in most Member States, let alone across the EU. Additionally, the social practice to recycle varies greatly between countries. Distributional issues matter as well. It is rather obvious that dumping waste from one region/country in another one has huge implications (nuclear waste), but if one country values waste more than another one, due to innovative recycling techniques, the matter takes a marketable turn. Regulation should carefully distinguish categories of materials as we do for hazardous materials in production, consumption and for health and safety purposes of employees.
Metal, battery, cement, plastic and wood recycling pose challenges, but also opportunities to improve the European material import/export balance sheets. However, first in the circle of circularity is the use of materials. There we are clear that “less is better”. Less input of raw materials, most of which we import in the EU, reduces our dependence on other countries. This is the tricky social question of circularity. Mainstreaming of more conscious use and reuse of resources is a huge social issue, which we tend to relegate to a task for the education system. The awareness that supposed waste is also a valuable resource is spreading and the growth of the sector a business and employment opportunity for many. Circularity is the new sexy sector of the 21st century.
What have you recycled today? and myself? Well, scientific online publications. Now think of ChatGPT and the AI gold mines of 2024. There is lots of value in recycling.
(Image FEAD conference Brussels, 2024) 
Book Value
What is the value of a book? For the author of a book each book s/he has written or sweated the value of the accomplishment is pretty high. From the publisher’s perspective a book is an investment and sometimes a very risky one. The book store makes choices and takes the risk to devote time and effort to select the bestselling books or the best one suited to the local or passing audiences. Next in line are librarians who either stock everything published in a specific language or country (legal deposit) or select from the offer according to perceived interests of their subscribers. On the way to their audience many mistakes may occur. Books miss their targets or librarians go wild in their efforts to guard or discard books. In any case, many books do not find their audience. Some sit on shelves for years and will never be touched by anybody. Other ones pass from one hand to the other rapidly with long waiting lists.
Even if many conservationists don’t like it, it is the use of books that honors books and authors. Pocket books play a specific role in this link of readers and writer. Use rather than conservation, is the prime role of these lighter versions of books. They also have to endure heavy weather, scratches and folding of persons focused on content rather than precious form.
Last but not least in line comes the market for recycled books. Re-use of read or unread books has increased over years and some readers are happy to discover a discarded book from a previous owner (public or private). The value of a book lies in most cases in the eye of the reader. This then makes it an object of competitive marketing and continuous auctioneering.
(Image: pocket books at display of Popular heritage Lost and Found at the Royal library of Belgium 2024.
Parallel Universe
Sometimes, it might well be before during or after presidential elections, you feel like living in a parallel universe. Especially after the U.S. presidential election many people beyond the U.S. have the impression that millions of people have rather strange views of how our living on earth could be worthwhile for all, rather than a few. In a crude and rude election campaign many people in the U.S. must have been alienated from what they imagine a peaceful living together in a country or on our planet. Faced with the brutal language it is soothing and comforting to read books again. Already in 2023 adult fiction has outperformed on the book market in the U.S. “Romantasy” and narrative non-fiction (are the new bestsellers beyond travel books, cooking, children books and comics according to circana.com.
Uncertainty, complexity and plurality, apparently, have destabilised many persons to the extent that foundation texts of religions, predominantly the bible, have become bestsellers again with more than 14 million book sales in the U.S. in 2023 and up to November in 2024. Printed copies as well as specialised editions for children go to new first time readers and buyers as well as replacing older copies. The need to find simplifying answers to basic questions of humanity is on the rise again.
Some persons might wish to find the existence of a parallel universe in studying the bible, others just a retreat from the horrors of daily news on TV and social media, we all consume more than ever before. We are no longer surprised to find the first church in Switzerland, which offers an AI in church which listens and answers to your confessions. Bible apps offer detailed search functions and reading aloud in case you prefer listening.
There are even unauthorised historical translations of the bible on the market in antiques book shops, which achieve exceptional prices.
Of universes, there seem to be many, overlapping and in parallel.
(Image: Reading Magritte on surrealism)
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)
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.
Credit donations
“credit” stems from the original latin word “cedere”. In the 1st person you write “credo”, which means I believe. If said in a religious building or church you show with this pronunciation that you believe tbe narrative of the religious community. In the 3rd person “credit” stand for s/he/it believes. In the financial sense it is the receiver of money from your credit card who believes or trusts you that you made an honest payment. Now, banks take commissions from each of these exchanges of trust. You are credit worthy or not. In some churches you now make donations using your credit card to facilitate business. Credit card companies also charge you on your donation. Win win situation we call this. I keep asking myself, whether I still “believe in angles” or only business angles. (Image Église Notre Dame des Victoires Brussels 2024-7)
Sport Fashion
Sport is fashion and fashion is sport. Not only in the Euro 2024 the teams make a big fuzz about the design of their sportswear, but certainly the Olympic games in Paris 2024 will demonstrate the close links between the 2 worlds. We might say playing football is a bit like a fashion catwalk. Keep going right on target, despite obstacles, when thousands of people are watching your performance and potential failures very closely. Making a “bella figura” is a must in both spheres. There is also a strong tendency for “the winner takes all”, that s/he takes the trophy and the jackpot.
Both worlds are also big business in their own right. It is at least 100 years old that sport and fashion got married. The “Musée des arts décoratifs” in Paris had an excellent exhibition on the combination of sport and fashion (booklet link). According to the curators both spheres have always been interlaced. High-level performance and specialized fashion just made for a splendid combination. As the rich and wealthy had more than a penny or two to spend on their leisure activities the combination of sport and fashion soon became itself a big business, beside the visible beauty of the bodies, movements and dresses. Just watch the breakdance fashion as the latest addition to the repertoire of olympic disciplines. In a recent article in “Le Monde” (2024-7-11) the value of the market of sports including its fashionable merchandising is estimated to reach a turnover of € 500 billion in 2022.
The competition of sports has been turned into a competition of the best images and videos. Fashionable as well as functional clothing can assist in climbing the podium. In the Euro 2024 Football Final the teams equipped with Adidas (Spain) and with Nike (England) compete for the trophy. Changing equipment sponsorship from one to the other can raise substantial amounts for a team (€ 100 million/year for the German national team). Big business seems to take over sports and fashion after the century-old marriage of sport and fashion. Since then, they have jointly been on an extended honeymoon. (Image from www.emptyspacetm.com 2024-7)
Error 444
The error message 444 is a not so rare encounter while surfing on the web. The error code 444 stands for the message that from the side of the server the connection is closed without any additional message. The occurrence leaves you without further indication of what exactly went wrong in building a connection to a web service or website. You just simply get shut out and that’s it. It may be tough on you if concerns your online banking or other access to vital services delivered through the internet.
In organization science and social science there are many new studies dealing with the finding, dealing, coping or handling errors. It has become much more acceptable to deal openly with errors, blunders or failures. From an individual as well as organizational perspective the cultures that deal openly with these events seem to have a certain advantage to overcome the consequences of errors at all or faster than others.
In some biographies failures are part of the lessons learned throughout life. It is deemed important to acknowledge failures or paths not taken for better or worse. Organizations just like individuals seem to learn more intensively from their failures or omissions than from everything seemingly running smoothly. Learning curves are faster also for “machine learning” if you have access to a huge data set which contains ample data on failures rather than encountering failures after release. Hence, the compilation of errors is an important part or early stage of a learning process. Failed today? Fail again tomorrow. You’ll be really strong the days after although it might hurt. 
Energy Ethics
Around the topic of energy there many ethical issues that urgently need sorting out. Carlos Diaz-Rodriguez and co-authors have provided a sound basis for such ethical considerations. To leave the disastrous path of energy provision through polluting fossil fuels and, additionally very risky, nuclear energy, they propose a departure from the principles and values that have guided us into a dead end. In their opinion we suffer from a mistaken belief to be able to control in extremis, through scientific methods, the forces of nature. In ethics this mistaken belief has roots in religious beliefs that mankind is mandated to make the earth subordinate to its own will. The authors propose to overcome this old paradigm with a new paradigm. This builds on the (1) “precautionary principle”, (2) justice as equity, (3) protection and the (4) principle of responsibility.
Most European readers of philosophy and social science are familiar with these principles. The virtue of the paper is to expose and juxtapose these principles in a clear format and a stringent application to the ethics of energy (production as well as consumption of it).
The precautionary principle is part of the European treaty on the functioning of the European Union Art. 191, but its implementation on energy issues reveals that it is a tiger without teeth. Younger generations across the globe are right to claim a more forceful implementation of this principle.
The perspective of justice as equity is bringing in later born generations as well into the balance costs and benefits of “cheap energy today” but huge costs of dismantling, repairing, stocking deferred to the future.
The protection principle refers to the loss of biodiversity and exploiting resources in areas of world heritage, for example.
The principle of responsibility goes beyond the judicial and economic principle that the person, company or state causing damage through exploitation of resources, and in producing energy with it, has to pay for repairing those damages.
As this is hard to achieve in real terms, there is an urgent need to reiterate the responsibility principle at all levels. Despite the inefficiencies of legal systems, the international legal order in particular, there is no way around than to insist on responsibility from the individual behaviour, company strategic goals as well as objectives set by nation states and international organisations. The Paris agreement and all COP XY conferences only prove the fact that irresponsibility continues to be a guiding principle.
Maximalist positions as well as continuing like decades before is failing people on earth. Organising a discourse on these ethical issues is a first step, but we have to be able to address negationists as well.
The missing principle so far is the solidarity principle. Without a firm commitment to intergenerational and international solidarity we shall remain unable to solve the ethical puzzle. It is high time to organise solidarity related to the field of energy.
(Image: “The fallen tree of knowledge” by Fabrice Samyn. Exposition in Yerres, France 2021-11) 
Energy Food
For more than a decade now researchers have shown the link between energy prices and food prices. At first sight this might seem surprising. In traditional or romantic associations with growing food, there is no link between the cost of energy and food production. Growing crops in your garden does not need more than sunlight, soil and water. Yes, that was long ago. Industrial production of food is heavily relying on energy to heat, feed and water plants or animals. Additionally, the supply chains have become far more distant, which increases the CO2 footprint even further. Therefore, it is no longer surprising that a great number of econometric studies confirm the close link of energy prices and subsequent pressure on food prices. This is not restricted to Europe, but has reached global contamination.
Enjoying seasonal local food is a double catch solution. You grow according to local weather conditions and use traditional conservation methods, if the crop is exceeding your demand at that time. Providing heating for animals to increase productivity or quality of products appears to be one of the most wasteful ways to further increase the spiralling up of energy and food prices.
In agricultural science there is a lot of research into the “energy intake” of animals to better grow or produce more milk etc. This is the expensive intermediary step using energy to produce energy intake for animals rather than humans. It is surprising that we take so many years to address these well-known linkages that have turned to serious problems after Russia’s war on Ukraine. Agriculture and farmers can be part of the solution rather than a problem themselves, if the link of energy consumption and food prices is taken seriously. 
10000
In France 100.000 is associated with Monsieur 100.000 Volt Gilbert Bécaud due to his dynamic singing and performance style. Since August 2023 we now have an additional association with the number 10.000. Ten thousand m3 was the size of stones that came down from the mountains near the popular skiing resorts in the French Alps (Le Monde Link+video). To visualize the amount, a back of the envelope calculation with a standard container size of 25 m3 returns 400 loads of lorries to be removed from hard to access landscapes. Count this into the costs of running ski resorts.
A study in the scientific journal “Nature Climate Change” in 2023 highlighted the increasing risks to European skiing sites. Same holds for the Alpes in Switzerland. Some areas relying on water resources to create artifical snow do so in less and less safe areas. Costs accrue to communities who benefit only indirectly from the skiing hype, celebrating 100 years of Olympic skiing next year. After all it is big business to sell or lend equipment, provide hotels and meals for all those sports women and men.
The so-called collateral damage is probably even worse. Interrupted railways, bridges, motorways and traffic in general becomes a severe disruption for quite some time adding to the total costs of having fun in winter. Is it worth it? A tricky question to ask in a referendum. We shall have to revise our past decisions to expand skiing resorts in light of the new evidence of higher risks and costs involved. A book on 10.000 years of history of glaciers is full of side-effects of glaciers melting away, which cause instability to valleys on the sidelines. In the most recent break-up of rocks it is actually more the access to the skiing resorts that was blocked, but this demonstrates to all: passing this area now, is not without serious side-effects. 
Barbie explore
The film on Barbie after more than 60 years of the first puppets to arrive on the market is a huge money spinning exercise. Hitting more than 1 billion $ is really a huge box office success. More interesting even is the banning of the film in some countries like Algeria. This gives the film an interesting subversive touch to it, which we in the Western countries no longer see as something special. Emancipated women pose a threat to authoritarian regimes.
However, we see in the stereotypes of beauty-driven dolls not that much of an emancipatory chance. To view emancipation independent of the looks of a person is another interesting twist to the role in stereotypes of beauty. It is not only fun to play around with stereotypes, that is mostly, if you are not negatively affected by them (age, gender, ethnicity, extraordinary persons). A nice task for sociology and psychology to explain the working of stereotypes in society and possible remedies. Tolerance is a competence that needs to be learned and updated continuously, from early age onwards.
Therefore, the website created by the US Design Agency Rvnway offers an entertaining way to play around and learn about stereotypes. Perceived, generalized beauty or gender roles can be explored using the tool. Maybe some see themselves differently after such explorations. Everybody is a model. This is the message. www.bairbie.me will let you explore other formats of yourself. After 3-D rendering and printing your children or grandchildren will decide what role they would like you to play in their playfull, or virtual “real” life. I suppose many of us will be up for a big surprise. Go on and imagine in 4D. In the age of selfies all around us, all the time, we believe we are very modern, but the artists of the 19th and 20th century following all great painters before, frequently started their careers with an “autoportrait” or “Selbstbildnis” or series of those as they were aging. 
Too big
Too big to fail. We all thought that after the financial crisis some fifteen years ago, we would not deal with the same kind of problems again. The banking sector in Switzerland has proven us wrong. One of the 2 big banks Credit Suisse in Switzerland was about to default and asked for 170 billion state guarantee middle of March 2023. Only after a forced merger with the other big bank UBS (which was rescued in 2008 already) and the huge state guarantee the solvency of the even bigger bank was re-established. Tax payers were expected to foot the bill. Less than 6 months later the Finance Minister Karin Keller-Sutter announced that there is no longer a risk for tax payers to pay for the mismanagement of the bankers involved. This is a relief for the political system which is going to the polls next year.
Many unresolved questions remain. Financial market supervision is faulty to say the least. Banking left to bankers as controllers is risky. Apparently fines do not work only prohibition to exercise similar functions (internationally) again is likely to be effective (NZZ 2023-8-9 S.19). Other remedies lie in a complete overhaul of the governance system of banks and beyond. Supervisory boards should in theory be able to assess the risks incurred by the management board. Failure to do so has no consequences for them either. Representatives of the employees in the board is likely to introduce more longer term concerns into decision-making. Saving jobs is a valuable goal not necessarily in the interest of investment bankers. Capitalism is at high risk of survival and with it our democratic systems. It was not a bank in Niger that got into trouble, but at a major European financial center. Too big to fail in a tiny country still sends shivers throughout Europe. And the other big bank is growing even bigger now, probably un-savable now. If I had a bucket of Swiss Franks, I would rather sell them.
Sichtweise
In vielen Fällen stimmt die eigene Sichtweise nicht mit der Sichtweise von anderen überein. Das kann sich bei Personen bis hin zu Persönlichkeitsstörungen auswachsen. Bei ganzen Gesellschaften, Kantonen oder Regionen führt die verzerrte Selbstwahrnehmung zu gewissen Befremdlichkeiten oder Entfremdung. Die Lokalpresse der Südostschweiz zeigt zwei fröhliche BauarbeiterInnen, die gemütlich auf ihre Baustelle zuwandern. Weit gefehlt. Der Helikopter hat längst die Hauptarbeit übernommen und diese BauarbeiterInnen (à la Heidi) gehören einer Vergangenheit an, die längst untergegangen ist.
Aber Zeitungen verkaufen sich lokal wohl besser, wenn sie an dem idyllischen Bild der Vergangenheit als Selbsteinschätzung und Selbstvergewisserung festhalten. Die Fremdsicht kommt eben auch nur von Fremden. Die Personen zahlen letztlich gerne für den Lift, um das Naturspektakel der Alpen auf 2000m noch eindrucksvoller erleben zu können. Dabei wäre mit Bussen und einer kleinen Bergwanderung dasselbe Panorama bei höherer Endorphinausschüttung zu erleben. Ob es für das Transportieren der Mountainbikes im Sommer nach oben und mehr Skifahrenden bei weniger Schneegebieten im Winter eine solche Investition benötigt, die noch mehr Grünflächen verschwinden lässt, bleibt äußerst fraglich. Der Kampf zwischen Mountainbikern und zu Fuß gehenden Personen wurde bereits durch getrennte Strecken entschärft. Zwischen den Menschen, nicht aber die weitere raumgreifende Nutzung der Natur. 
Geologie
Mehr GeologInnen braucht das Land. In der Schweiz beunruhigen derzeit zunehmende geologische Risiken. Der Klimawandel lässt Permafrost in den Höhen schmelzen, der jahrhundertelang Gestein zusammenhielt Gleichzeitig sinkt die Schweiz, nicht die Aktienkurse, selbst die Credit Suisse ist bereits untergegangen, aber rein geologisch, nüchtern betrachtet (NZZ, 2023 „Die Schweiz sinkt“). Das verlangt nun doch einige gründliche wissenschaftliche Untersuchungen. GeologInnen messen bereits mit unzähligen Messstationen die Bewegungen der Erdkrusten. In der Schweiz lässt sich sicherlich mit dem zunehmenden Abschmelzen der Gletscher und der Veränderung der (mehr) Regenfälle statt Schneefälle in den frühen Wintermonaten eine neue Gefahrensituation aufzeigen, nicht nur für den Tourismus. Die üblichen Reflexe: mehr Investieren in Schutz und neue Versicherungen wird alleine nicht mehr helfen. Biodiversität auf den unteren Skipisten ist eh Fehlanzeige, aber die Baumgrenze steigt. Das könnte genutzt werden, statt die vielfach kranken Fichten, die wegen ihrer kurzen Wurzeln kaum ein Gewitter überstehen (Ruinaulta vom 4.8.2023 S.6 und S.16-18). Diese Gewitter werden durch den Klimawandel wahrscheinlich häufiger werden. Noch mehr Versicherungen werden die Welt nicht retten können. Wir werden umdenken müssen auch wenn Verhaltensänderungen sehr schwerfallen.
Das Abbrechen von Bergspitzen, wie am Kantersteg (BE) oder der Bergsturz am Piz Cengalo 2017 in Graubünden, ereignen sich dann eher in den wärmeren Sommertagen. Die GeologInnen werden viele Arbeitsstellen haben (nicht nur im Geopark Sardona UNESCO Welterbe) und gehören zu den Berufen mit höherer Nachfrage durch den Klimawandel. 
Political theory and inflation
A political theory in the area political economy is prone to be labelled as classical, neo-classical, Keynesian, Neo- or Post-Keynesian or heterodox economics. This is a university level course in the history of economic ideas, if you like this. Let’s try something creative here. We have unprecedented levels of inflation currently in Europe and many other parts of the world. Reasons for this are higher prices for energy, transportation and food. Anything else you need for life? You must be an artist or a priest, a bit off the normal, it seems to many economists. Add to this that, we want to foster strategic autonomy in Europe rather than anything from China that is cheaper and more polluting. In 2023 we have inflation stay with us for some years. Central banks give out warnings in this direction now as well, having negated the problem for far too long (their own statistics ECB on long-term forecasts of inflation).
Besides the ample economic advice (IMF), depending on which theory of money and the economy you adhere to, political theory allows a refreshing perspective on these economic facts and trajectories. (1) From an international strategic perspective, countries that have to renegotiate a lot of their debt or take new credits to finance imported food, energy or transport will run into insolvency rather quickly. Self-sufficiency becomes an economic asset not only a geo-strategic one. Turn around globalisation is a side-effect.
(2) Countries eager to build new public infrastructure, irrespective of concerns for bio-diversity, might reschedule or abandon huge projects, thereby reducing their CO2 footprint. This reduces the official counting of GDP, but has beneficial effects to save the planet in the medium term.
(3) Individuals and households will have to reconsider their consumption patterns: more expenditure for food, less for energy and/or transport. Behavioural changes might be induced by inflation. Less of some form of consumption, guided by inflation, will induce reductions in CO2 most likely as well.
So far this is only applied economic theory as in any textbook. A more challenging political economy question is to ask: can we come to like inflation? Can we change our preference set (ECB growth dogma) for economic variables? Southern countries in Europe seem to like inflation more than the North. Does this depend on historical experiences or is it cultural or personality trait? There is again a huge money transfer due to inflation within the Eurozone. The less indebted countries pay with loss of their purchasing power of their savings and indirectly pay for the highly indebted countries mainly in the South. European and international solidarity will be put to a tough test.
As governments fear of being voted out of power they tend to soften the price signals from markets. Again, it is cultural more than economic to what extent people are willing to accept state interference in economic affairs even of households need for food. From an ecological point of view inflation could be our friend due to the potential to induce behavioural changes. However, more expensive bio-products seem to get crowded out due to further price rises and many even middle-income households seem to return to cheaper non-bio food in many countries. The distributive effects of inflation are a major issue here. Same rationale seems to apply to transport. If you can no longer afford CO2 saving transport by train, since it has become overly expensive more people are likely to take a heavily polluting low-cost flight to your holiday location.
Hence, from a political economy perspective liking inflation might well turn out to be a rich, white man’s perspective on the economy as the global South is likely to suffer most having no resources left to invest in energy and CO2 -saving in general. Price signals may induce behavioural changes for the better of us all. However, the story it is not only about allocation of resources, but also about distribution. There we should embrace a renewal of trade union strength to correct imbalances in the distribution of earnings as the basis for consumption and investment of households as well. (Image: Tapta, at Wiels Gallery in Brussels, 2023-6, mostly untitled work, one with title: on the edge of time). 
Grenzgang 2
Innerhalb vom Kern Europas ist der physische Grenzübergang kaum merkbar. Sobald es um die Regeln der sozialen Sicherung, Beschäftigung, Selbständigkeit geht oder der Unternehmensbesteuerung werden die bilateralen Regeln bereits viel komplizierter. Falls 3 und mehr Länder ins Spiel kommen wird die Lage ziemlich unübersichtlich oder zum Expertentum. Staatsbürgerin im Land A und Staatsbürger im Land B, arbeitend im Land C dürfen sich über einen Dschungel an Regeln freuen, der Kafkaeske Verhältnisse hoch 3 produziert. Irgendwo klemmt dabei immer etwas. Dabei hatte die Regulierung CE Nr. 883/2004 über die Koordinierung der nationalen Systeme der sozialen Sicherung doch weitgehende Konkretisierungen hervorgebracht und Sicherung der Bestandsrechte hervorgebracht.
Wie so oft liegen die Schwierigkeiten im Detail und darin sind die jeweilig zuständigen Verwaltungsbeamten, wenn die denn erst einmal herausgefunden wurden, eine Hürde, die es zu meistern gilt. In der jeweiligen landesüblichen Verwaltungssprache, versteht sich von selbst, inklusive regionaler Besonderheiten.
Während juristisch der Grenzübergang von Beschäftigten, Selbständigen und Unternehmen jeweils geregelt ist, ergibt sich aus einer juristischen Figur des „salary split“, also eine beschäftigte Person bei 2 Arbeitgeberinnen eine Lücke in der Zuständigkeit. Diese besteht gleichfalls in den meisten Ländern der EU. 2 Teilzeitjobs zu 50% lassen sich sozialversicherungsrechtlich nicht fair darstellen. Die zweite Lohnsteuerkarte und Besteuerungssätze, na wir ahnen schon, was das für Betroffene heißt.
Unternehmen und der Staat machen es sich einfach. Eine Konfiguration „Mulitplication des employeurs“, mehrere Arbeitgeberinnen, ist nicht wirklich adäquat vorgesehen (Crabeels, 2008 S.272). Dadurch werden viele, besonders junge Beschäftigte systemisch in ihrer beruflichen Findungsphase benachteiligt und in die Selbständigkeit oder gar die Scheinselbständigkeit gezwungen. Dabei brauchen wir dringend diese dynamischen GrenzgängerInnen in Europa mit ihren grenzenlosen Ideen, Enthusiasmus und Gestaltungswillen.
Neben diesen „high potential Grenzgängerinnen“ gibt es viele Beschäftigte, die bereits in einem Mitgliedsland der EU mehrere Beschäftigungsverhältnisse ausüben müssen, da sie von einem Job ihren Lebensunterhalt nicht bestreiten können. (EU Statistik Jugend Eurostat,2022). 
Corruption EP
Corruption is a severe crime. Not only in administrations, organisations and enterprises, but primarily in democracies it is discrediting political systems. Autocracies rely on corruption as a major tool to be able to persist over time. They are used to such practices. Democracies rely on meritocratic systems, where ideas, effort and winning elections should be the major ingredient of achieving higher positions in organisations, enterprises, political parties and democracies. This is not easy to ensure. The European parliament has a tough time to get rid of an enemy of the democratic Europe. Rather than stepping aside for the time of the legal procedure, Eva Kaili, accused, but not yet convicted of corruption is willing to destroy the European project as much as she can. If money can buy political decisions, the European project will no longer find wide-spread support. Big interests will always have a strategic advantage, however, the ethical principles on which democracies are found have to guard against corrupt misbehaviour. The same applies to the business world. Even low corruption countries like Sweden still face a risk of adverse effects of corruption like the negative impact on entrepreneurship on the local level. It is another context, but the same conclusion.
Additionally, it is part of the strategy of corrupt persons to portray themselves as victims of other persons’ wrong-doing. The major function of this strategy is to remind other persons in the corrupt network that the network has still some clout on its members as well as outside the inner circle. Hey, we are still alive and in powerful positions, they proclaim.
Therefore, the fight against corruption is a long and persistent one. Reducing the guards against early onsets usually is very lengthy to fight later on. Always a painful lesson for believers in democracy and the European project. (image Jacques Jordaens before 1678 “The King Drinks! Musées royaux des beaux arts, Brussels). 
Repair 3
Repair is our new mantra. Think of repairing in all domains as of now. Nature is showing us the way how to repair in many ways. Culture is also embracing the shift towards repairing as caring. If we really care about our planet, and there is no planet B, we shall have to repair in many more domains. We are used to repair bicycles, cars, roofs, windows etc. Repairing is never boring. You can improve the performance of a device or building by repairing it, even with relatively small budgets. Isolation of buildings is a good example of investing in upgrades through repairing. Rather than throwing away a functioning heating system repairing it with an energy saving device is enhancing its performance and produces fewer emissions in the short run. Heat pumps are the way forward for new installations. Shifting a sector, heating with gaz, to ensure longer lasting repair and improve options would save a lot of raw materials and CO2 as well. The construction sector has repair work almosts in its DNA, the energy sector will have to make that shift as well. Dare to repair. 
Design Start-up
Es war wieder Designmesse. Klein, aber fein, in Berlin in den KantGaragen. Die Location weckt schon Hoffnung auf Experimentelles, Garagenhaftes, Handwerkliches. Das bringt Abwechslung in die sonstige, glitzernde Shoppingwelt. Das renovierte und entgiftete Parkhaus erlaubt einen Rundgang über mehrere Etagen, vorbei an Galerien und Ständen von DesignerInnen. Es macht sich eine anregende Brise von erfrischenden Ideen breit. Von Design im Raum mit Leuchten und Möbeln über Design von Mode und Schmuck lässt sich viel Schickes finden. Blickfang, samt Blickfang Akademie haben es geschafft, die Mini-messe in den KantGaragen zu etablieren. Es kann sogar Eintritt verlangt werden. Eine weitere Begleitung der Neuen auf dem Markt wird oft nötig sein, denn selbst gute Innovationen sind meistens keine Selbstläufer. Konkurrenz belebt nicht nur das Geschäft, es bleibt meist auch ein Verdrängungsprozess.
Die großen, vielfach schließenden Kaufhäuser in den Innenstädten spüren besonders die Konkurrenz der individualisierenden DesignerInnen mit ihren einzigartig anmutenden Realisationen. Singuläre Kauferlebnisse auf solchen Messen, in stilvollem Ambiente, selbst in einem alten Parkhaus sind, allem Anschein nach, ein Erfolgsrezept. Start-up statt Close-down schafft viele erfüllende Arbeitsplätze. Gute Arbeit wird nicht aussterben, sondern durchstarten. 
De-risking
Risks are all around us. Risk is the spice of life. True, but this might be an elitist concept of life or business. Survival of the fittest or the best equipped to take risks might be the consequence. After the 3 crises, financial, covid, energy, we have a new impetus to thrive for de-risking. Certainly, concerning our health, we are aware that prevention is key to fight a pandemic. In order to stem an energy crisis, most countries start to rethink their energy mix and achieving more energy autonomy is a major step to shield against risks of delayed delivery or commerce with belligerent states like Russia. De-risking is key in supply chains for industries (automotive production, microprocessors) as well as service providers (cloud services, care givers) just as well. Mariana Mazzucato (UC London) urges us to develop a new narrative to accompany the transformation of our production and service provision models. Mazzucato advocates to learn from lessons from the ground of how to proceed in the best way. Copenhagen is a good starting point to observe how a metropolitan city manages the greening and decarbonisation of a city. It is important to not only target single policies but the coherence of several policies and approaches. In my view de-risking means for Germany and the EU to shield energy systems from foreign, malignant interference. Only local production of energy and nearby consumption of it will ensure the de-risking of energy provision and consumption. Let us start with massive investments in rooftop solar or small wind turbines. Nobody complained about millions of ugly television antenna all around us. Solar cells on balconies contribute to a basic local electricity supply, difficult to target millions of solar cells instead of a single huge and horrifically dangerous nuclear power plant. At the same time ,we reduce dependency on monopoly or oligopoly structures that develop their own agenda (Too big to fail, remember those?). I prefer the reverse statement. Because they are so big, they are doomed to fail and, therefore, fail us sooner or later. The Forum New Economy offered an open and accessible platform for exchange of ideas. That’s a good starting point to address de-risking. Reducing Risk is in the subtitle of Rebecca Henderson’s Chapter 3 on “Reimagining Capitalism” (short Review), but I would like to add the business case for household production of energy for de-risking supply failure and exploitation of consumers through excessive profit margins as a prosumer business case. 
Polypharmacy
Each specialist treats a person or patient in her/his field of competence to the best of current knowledge. Well, marketing of pharmaceutical products is also a field of special competence. Medical doctors and pharmacists are largely competent intermediaries between the world of medical and pharmaceutical research, commercial interests and patients. As persons age, so-called multimorbidity is creeping into the daily life of many persons. After a certain age (75+), depending on country of residence to some extent, we all become patients. Although the basic problem has been known since the phenomenal rise of the pharmaceutical industry, little research is devoted to patients receiving multiple treatments with medical prescriptions from several specialists. In addition, we know there is a rather severe issue with compliance to prescriptions, for example, taking antibiotics for the whole prescribed period, to name just one. The interactions between several prescriptions and molecules administered to patients are very difficult to monitor and scientific tests of those are expensive and no pharmaceutical company really has an interest in such studies that might further add to the already long list of potential side effects. However, the study published by Daunt et al. (2023) reiterates the warnings that treatment of multimorbidity can have unwanted side-effects we do not really know about. General practitioners will have to take on the role for medical stewardship for their patients. Monitoring a patient’s digestion of a combination of medications becomes a prime role as of the age of 75, the paper specifies. Whereas a common believe tells us, taking more, will help more, the “daunting” truth might be, less can be more. (Source: Daunt, R., Curtin, D., & O’Mahony, D. (2023). Polypharmacy stewardship: A novel approach to tackle a major public health crisis. The Lancet Healthy Longevity. https://doi.org/10.1016/S2666-7568(23)00036-3. 
Feuer im Wald
Das sogenannte grüne Lunge kann immer öfter ihre wichtige Funktion der Klimaregulation nicht mehr wahrnehmen. Waldbrände begleiten den Klimawandel. Bereits 2018 gab es ein großes Feuer im Wald bei Paris. Im “forêt de Sénart” in der Nähe der Städte Montgeron, Yerres und Brunoy (nahe Paris) hat sich der Wald seit dem Feuer im Hitzejahr 2018 noch nicht erholt. Geld für Reparatur der Schäden fehlt und so lässt die notwendige Aufforstung auf sich warten. Der Verlust der Biodiversität durch den Brand lässt sich schwer bemessen. Brandrodung, gängige Praxis im Amazonasgebiet, hinterlässt auch bei uns mehrere ungewollte Folgewirkungen. Die Bewirtschaftung des Waldes hat die Schäden abgeschrieben, aber Zukunftsinvestitionen lassen auf sich warten. So heizt sich die Region Ile de France eben weiter auf und Millionen Käufer von Klimaanlagen. Die befördern in naher Zukunft das Wirtschaftswachstum, aber beschleunigen den Klimawandel. Wir wissen, dass es so nicht weitergehen darf. Nur der Wille, wirklich etwas daran zu ändern, fehlt an vielen Orten. Weiterso, wenn es kein Weiterso geben darf, ist die Schizophrenie unseres und des letzten Jahrhunderts. Lernen im und vom Wald ist nötig. Das ist unsere Lebensgrundlage. 
On Noise
The 3 authors Daniel Kahneman, Olivier Sibony, Cass R. Sunstein have published in 2021 the impressive attempt to sell statistics to non-statisticians. The grip on the topic: “Noise. A Flaw in Human Judgment” is a bit misleading. Even the German translation (“Was unsere Entscheidungen verzerrt”), in my opinion, is grossly misleading. The work deals with judgment, or arriving at a sensible judgment. Decision-making is only the next step with a lot of other intervening processes. The German philosophical term since the enlightenment period has been “Urteilskraft“. We are all more or less familiar with the notion “bias” in judgment. Me, originating from the Moselle, will always be biased in favor of a Riesling compared to other vines. In addition to this naive bias I may apply a more professional judgment on wine. Testing several wines even from the same small area from the Moselle valley and then repeating the tasting I might make a noisy judgment. “When wine experts at a major US wine competition tasted the same wines twice, they scored only 18% of the wines identically (usually, the very worst ones).” (p. 80). In addition to the previously defined form of “level noise, pattern noise and system noise” (p.77), we have occasion noise, when judgments vary from an overall statistical perspective.
Having received a second dose of a vaccination yesterday and having spent an unpleasant night my judgment for this review might be biased, because of impatience. So in order to reduce bias and variants of noise I shall repeat the review at a later stage. Let’s see what this returns. But for today, the Epilogue “A less noisy world” (p.377) appears rather odd to me. It is probably an illusion to believe that we can create a less noisy world, even with the best of wishes. The authors abstract from any strategic use of noise to influence judgments. The political form of choosing judges for Constitutional Courts in the U.S. needs to be dealt with. Noise in judgments is an important element, but strategic use of bias might be more influential to impact outcomes. Noise, when faced with a judge who has a reputation to be very tough in sentences might be overturned in an appeal court decision. There are plenty of procedural ways to overcome noise in judgments. I agree with the authors that you better know about the noise in judgments than ignore it. Awareness of random errors and noise involved in grading exams and recruitment decisions have determined many excellent “failures” to leave historic contributions to our world. In music, maths or literature some splendid talents probably have been impeeded at earlier stages of their life to make average or normal careers. Some of them left us with fantastic pieces thanks to the noise in judgment of others.
There seems to be an age bias in the tolerance of noise in the acoustic sense. Noise in the statistical sense has left a strong mark on me when I learned about white noise as error or stochastic process.
Image Kahneman, Sibony, Sunstein 2021. p3.