Michael Baxter
@michaelbaxter.bsky.social
Host of the ESG Show
Author of Living in the Age of the Jerk
Editor: Techopian.
Author of Living in the Age of the Jerk
Editor: Techopian.
Tesla’s rise was remarkable, there is little doubt that thanks to the company’s efforts the rise of EVs was accelerated. But I hate what Elon Musk has come to represent and suspect Tesla’s story will not end well as a result. The story of Tesla, from pre-Musk onwards, requires nuanced understanding
December 5, 2025 at 5:43 PM
Tesla’s rise was remarkable, there is little doubt that thanks to the company’s efforts the rise of EVs was accelerated. But I hate what Elon Musk has come to represent and suspect Tesla’s story will not end well as a result. The story of Tesla, from pre-Musk onwards, requires nuanced understanding
But look at wealth growth.
November 30, 2025 at 7:18 PM
But look at wealth growth.
Don’t worry, once we pass tipping points, and AMOC is radically changed we will have snow and ice— but hey, look on the bright side, presumably that means plenty of water!!!
November 29, 2025 at 8:45 AM
Don’t worry, once we pass tipping points, and AMOC is radically changed we will have snow and ice— but hey, look on the bright side, presumably that means plenty of water!!!
Me think it does protest too much.
November 25, 2025 at 6:45 PM
Me think it does protest too much.
I would have said “when the rest of the world was at COP the US continued to work against the interests of the human race — behaving a little like a disruptive child sitting at the back of the classroom.”
November 23, 2025 at 10:26 PM
I would have said “when the rest of the world was at COP the US continued to work against the interests of the human race — behaving a little like a disruptive child sitting at the back of the classroom.”
I wonder whether this new guy will be any good.
November 6, 2025 at 11:54 PM
I wonder whether this new guy will be any good.
The Two Towers:
Lords Yaxley Isengard Lennon and Musk.
Lords Yaxley Isengard Lennon and Musk.
October 30, 2025 at 11:39 PM
The Two Towers:
Lords Yaxley Isengard Lennon and Musk.
Lords Yaxley Isengard Lennon and Musk.
Maybe, just like Zhou talking about the French Revolution, it is just too soon to tell.
October 19, 2025 at 9:36 PM
Maybe, just like Zhou talking about the French Revolution, it is just too soon to tell.
I recall a report coming out circa 2005/2006 from the Item Club saying discretionary disposable income had been falling for several years.
October 13, 2025 at 9:46 AM
I recall a report coming out circa 2005/2006 from the Item Club saying discretionary disposable income had been falling for several years.
China’s weakness, (as with Japan and Germany) is high savings creating the necessity to export, which is only possible if other countries have low savings. All three economies have major problems as a result. China has just as many challenges as the West, possibly analogous to Japan in 1989.
October 9, 2025 at 9:52 AM
China’s weakness, (as with Japan and Germany) is high savings creating the necessity to export, which is only possible if other countries have low savings. All three economies have major problems as a result. China has just as many challenges as the West, possibly analogous to Japan in 1989.
I think there is a good case to argue that Chinese, Japanese and German savings created a global savings glut, the underlying cause of ultra-low interest rates from 2000 - 2021, leading to asset bubbles, ie 2008. China has massive excess investment too, causing a real estate bubble.
October 9, 2025 at 9:48 AM
I think there is a good case to argue that Chinese, Japanese and German savings created a global savings glut, the underlying cause of ultra-low interest rates from 2000 - 2021, leading to asset bubbles, ie 2008. China has massive excess investment too, causing a real estate bubble.
In a closed economy, savings=investment. If investment is insufficient to suck up planned savings then the money effectively disappears. This is the essence of Keynesian and Minsky economics. The paradox of thrift, people save for rational reasons, but can cause contraction.
October 8, 2025 at 10:41 AM
In a closed economy, savings=investment. If investment is insufficient to suck up planned savings then the money effectively disappears. This is the essence of Keynesian and Minsky economics. The paradox of thrift, people save for rational reasons, but can cause contraction.
This is a fascinating chart. Intrigued to see the relationship between gross income and support for labour. I suspect correlation with wealth is not as strong as correlation with income.
September 28, 2025 at 10:56 AM
This is a fascinating chart. Intrigued to see the relationship between gross income and support for labour. I suspect correlation with wealth is not as strong as correlation with income.
Do you have a source for that statement?
August 4, 2025 at 10:35 PM
Do you have a source for that statement?
I guess Oxford and Cambridge will be saying “thank you very much Mr President.”
May 22, 2025 at 6:43 PM
I guess Oxford and Cambridge will be saying “thank you very much Mr President.”
True - as I say: diversify
May 15, 2025 at 2:39 PM
True - as I say: diversify
I don’t think the stock market is risky providing you follow certain rules.
The key ones: diversification and never be in a position in which you have to sell. The problem with stocks is that that go up and down and if one day you decide you need to sell that day you may be unlucky with the timing
The key ones: diversification and never be in a position in which you have to sell. The problem with stocks is that that go up and down and if one day you decide you need to sell that day you may be unlucky with the timing
May 15, 2025 at 2:25 PM
I don’t think the stock market is risky providing you follow certain rules.
The key ones: diversification and never be in a position in which you have to sell. The problem with stocks is that that go up and down and if one day you decide you need to sell that day you may be unlucky with the timing
The key ones: diversification and never be in a position in which you have to sell. The problem with stocks is that that go up and down and if one day you decide you need to sell that day you may be unlucky with the timing
Saving cash is very risky because it can lose money relative to inflation — indeed for most of this century it was a guaranteed way to lose money relative to inflation.
May 15, 2025 at 2:17 PM
Saving cash is very risky because it can lose money relative to inflation — indeed for most of this century it was a guaranteed way to lose money relative to inflation.
I think Trump’s business empire was saved by him becoming President
May 14, 2025 at 5:15 PM
I think Trump’s business empire was saved by him becoming President
I’m so depressed by this response and a few others. You seem unaware of how the world has changed in 2025. We’re going through extremely dangerous times, a global Great Depression is the least of the risks. It is time for big ideas not the same old tired blame game.
May 3, 2025 at 7:47 PM
I’m so depressed by this response and a few others. You seem unaware of how the world has changed in 2025. We’re going through extremely dangerous times, a global Great Depression is the least of the risks. It is time for big ideas not the same old tired blame game.
Like most people here, I think Twitter has become a cesspit of right wing conspiracy theories and propaganda. But I haven’t left it? Why? Not entirely sure, (maybe I am nutty too), but do think it is important to try and change minds. Maybe it is impossible but think it is important to try.
May 1, 2025 at 5:19 AM
Like most people here, I think Twitter has become a cesspit of right wing conspiracy theories and propaganda. But I haven’t left it? Why? Not entirely sure, (maybe I am nutty too), but do think it is important to try and change minds. Maybe it is impossible but think it is important to try.
Maybe, hope this is wrong, but given Russia’s depleted military resources (and manpower) I wonder if it isn’t capable of commencing another campaign.
May 1, 2025 at 5:13 AM
Maybe, hope this is wrong, but given Russia’s depleted military resources (and manpower) I wonder if it isn’t capable of commencing another campaign.
Scores! A score is such an odd term to use. A score is twenty. I am guessing scores means a multiple of ten to twenty times a score. So that’s between 200 and 400. Maybe it means 100 times a score — which is 2,000. These are tiny numbers.
April 28, 2025 at 7:51 AM
Scores! A score is such an odd term to use. A score is twenty. I am guessing scores means a multiple of ten to twenty times a score. So that’s between 200 and 400. Maybe it means 100 times a score — which is 2,000. These are tiny numbers.