How power and money shape life.
Here I keep short entries on political economy and geopolitics as they unfold. Over time, they build into a record of how the world is being rearranged in prices and pay slips, in borders and wars, in debt, housing, work, and care.
11 June 2026: The License as Chokepoint
Diversification sounds quick when it appears in a policy speech. It is slow when it means mines, refineries, magnet plants, testing, certification, contracts, engineers, and years of investment.