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Showing posts from May 29, 2016

THE CAPITALIST TRAP

BHS, Woolworths, Austin Reed, Blockbuster, Comet, JJB Sports, to name a few. But not only retail: steel, coal, banking. Big companies come and go, file for bankruptcy, fold. Jobs, thousands of them are lost in the name of capitalism, an old-fashioned capitalism. The type where managers/owners/entrepreneurs simply use companies to inflate their portfolios, to seek short term gains, unashamedly steal the cash and drop the consequences to others. There is undoubtedly a pattern in terms of the type of companies that fold. Most are simply not meeting the demands of a fast changing market or the implementation of technological advances. But they are also kept that way by investors whose sole aim is to make big money fast and run. No need to upgrade stores, train staff, research markets. Companies are bought, money is appropriated, then those same companies are sold, dismissed and good luck to the next owner. It's happening in the name of freedom, free market, individual pursuit for...

TO BE OR NOT TO BE - THE NIBALI HYPOTHESIS

Nibali won his second Giro d'Italia in what has been hailed as one of the best last minute surges since... well, probably Flandis at the Tour. Or was it? The element of suspicion for any winner is high. Social media are quick to analyse a victory in every detail and from any stance. Years of cheaters draw inevitable conclusions from many sides. Nibali, up until stage 17, was apparently under the weather, thus under-performing. This brought on speculation on the negative effects of changing crank length so close to a GT and so late in a career. But Merckx did the same, although I believe he went for shorter cranks rather than longer ones like Nibali's. Then the Italian was taken to see team doctors and after that he started performing at his best. Astana does come with a heavy baggage of doping offences, including its own manager Vinokourov, so it was easy enough to finger point to a darker side of that sudden burst of energy.