Elon musk

Why our greatest inventors are supreme hucksters

People often tell me I have a strange way of looking at the world. Obviously, it doesn’t seem strange to me. But I do tend to see the world backwards. For instance, most people think the principal obstacles to economic and technological growth are all about supply. To me, it’s all in the demand. I have met one Italian economist, Mario Fabbri, who agrees. But apart from him, me and maybe Matt Ridley, there’s nobody else. Now, how crazy is this idea? What if the biggest constraint to progress really is a question of psychology, not economics? Certainly, if it is true, it should not surprise us that economists and

Cars weren’t invented for transportation, but conversation

When I first heard Abba’s magnificent 1982 swansong ‘The Day Before You Came’, I’d never come across the Americanised use of the verb ‘make’, meaning ‘reach’. So the line ‘I must have made my desk around a quarter after nine’ baffled me. Given the Swedish obsession with self-assembly furniture, I even wondered whether Björn was using the word conventionally, and Ms Fältskog was in fact kneeling on the floor aligning Tab A with Groove C, while looking for the elusive Allen key with which to attach the castors. On the other hand, if you are British, the lyrics to the Beach Boys’ song ‘Little Deuce Coupe’ are like the poem

Portrait of the week: MPs return, dentists reopen and racing resumes

Home Primary schools were allowed to reopen but many did not want to. MPs voted to return to their physical presence in parliament. The government told people they were allowed to meet in gardens or on rooftops, up to the number of six, as long as those from different households remained two metres apart. About 2.5 million vulnerable people in England and Wales, who had been advised to stay at home, were now advised that those living alone might meet another single person out of doors. Rosie Duffield, the Labour MP for Canterbury, resigned as a whip after she was found to have gone for a walk with her current

It’s mavericks like Elon Musk who’ll get us through this crisis

This month’s most significant corporate deal attracted less attention than it might have done in normal times, crowded out by grim news elsewhere. It is the proposed £31 billion merger of O2 and Virgin Media to create a telecoms giant with 46 million customers. Following BT’s 2016 acquisition of the mobile operator EE, further ‘convergence’ in the sector had been expected, but the mid-lockdown timing was spun as a vote of confidence in the UK, described as ‘one of the most attractive markets on Earth’ by José María Alvarez–Pallete, chief executive of Telefónica of Spain, which owns O2. Investment of £10 billion in the new group’s mobile, broadband and television