Anonymou$

British Virgin Islands Financial Services Commission [source: Wikipedia]

Above a certain amount, cash ceases to be useful. Anyone making serious profits from criminal activity needs the money in a less suspicious, more amenable form—in a bank account to start with, and then perhaps invested in something more exciting: a helicopter (Arnoldo Aléman, corrupt ex-President of Nicaragua), or a $15 million New York apartment… Continue Reading ➤

When should governments intervene to protect, subsidise or promote culture?

Matthew Ridley When should a government intervene to protect culture? The case for intervention does not only rest on a culture’s value to society. Culture should only be subsidised or protected if there is an externality present – if that value to society is greater than the amount people are, in total, willing to pay… Continue Reading ➤

Uneconomical Nomads in the Negev

Wadi al Na'am, a Bedouin Village [Source: Eliyahu Hershkovitz]

In September 2011 the Israeli government embarked on a five-year economic development programme aimed at the Bedouin: a traditionally nomadic Middle Eastern people with a significant population in the country’s Negev Desert. It claims that the Prawer-Begin Plan will raise living conditions, improve access to services, and help the long-term prospects of what has long… Continue Reading ➤