Financial markets

Playing Monopoly is not such a trivial pursuit

Which came first to the designers of chess: the rules or the metaphor? It feels impossible to prise the system from the story: a military battle between two monarchs, each with perfectly symmetrical assets and equally balanced capabilities. Yet there have been dozens of ‘reskins’ of chess, swapping the kings and their minions for characters from, say, Lord of the Rings, or The Simpsons, or even, bewilderingly, M&M chocolates. Play is the primary way in which every human first tests and explores the world  Sometimes the new metaphor imbues the game with a socio-political frisson. A recent example pitches rockers – white men in leathers holding screaming guitars – against

Money money money: 10 movies about the markets

The furore in the US over the rocketing shares of previously written off companies such as GameStop, Blackberry, AMC Entertainment and Macy’s (the ‘Reddit Revolt’) has introduced stock market trading terms to the general public, with some folks newly opining (with a patina of assumed knowledge) about ‘hedge funds’, ‘penny shares’, ‘junk bonds’ ‘short-selling’ and ‘pump and dump’. But this is hardly the first-time similar events have occurred. Way back in 1720 the ‘South Sea Bubble’ saw investors suckered when the South Sea Company collapsed as any hopes of generating income from its monopoly on selling slaves to South America (mostly controlled by Spain and Portugal) had come to nought, despite