economic incentives

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Africa

‘Kinship tax’ puts the brakes on business – Kenyan study measures the impact of helping family

        By Munir Squires, University of British Columbia     Imagine working hard to build your business, only to find that your success brings about a wave of requests for help that you can’t turn down. This is a reality for many in African communities, where sharing income is a deeply rooted tradition. In fact, 93% of Kenyans I surveyed in a study of entrepreneurs believed that […]

today12 July, 2024

Science & Technology

To understand the risks posed by AI, follow the money

Shutterstock/Chaosamran_Studio Tim O'Reilly, UCL; Ilan Strauss, UCL; Mariana Mazzucato, UCL, and Rufus Rock, UCL Time and again, leading scientists, technologists, and philosophers have made spectacularly terrible guesses about the direction of innovation. Even Einstein was not immune, claiming, “There is not the slightest indication that nuclear energy will ever be obtainable,” just ten years before Enrico Fermi completed construction of the first fission reactor in Chicago. Shortly thereafter, the consensus […]

today11 April, 2024