Category: Retired

Posted on

50 Things That Made the Modern Economy - Plastic

A couple of decades after Leo Baekeland invented the first fully synthetic plastic – Bakelite – plastics were pouring out of labs around the world. There was polystyrene, often used for packaging; nylon, popularised by stockings; polyethylene, the stuff of plastic bags. As the Second World War stretched natural resources, production of plastics ramped up to fill the gap. And when the war ended, exciting new products like Tupperware hit the consumer market. These days, plastics are everywhere. We make so much plastic, it takes about eight percent of oil production – half for raw material, half for energy. And despite its image problem, and growing evidence of environmental problems, plastic production is set to double in the next 20 years. Producer: Ben Crighton Editors: Richard Knight and Richard Vadon (Image: Plastic bottle tops, Credit: Taweesak Thiprod/Shutterstock)
Posted on

50 Things That Made the Modern Economy - Seller Feedback

Why should we get into a stranger’s car – or buy a stranger’s laser pointer? In 1997, eBay introduced a feature that helped solve the problem: Seller Feedback. Jim Griffith was eBay’s first customer service representative; at the time, he says “no-one had ever seen anything like [it]”. The idea of both parties rating each other after a transaction has now become ubiquitous. You buy something online – you rate the seller, the seller rates you. Or you use a ride-sharing service, like Uber – you rate the driver, the driver rates you. And a few positive reviews set our mind at ease about a stranger. Jim Griffith is not sure eBay would have grown without it. Online matching platforms would still exist, of course – but perhaps they’d be more like hitch-hiking today: a niche pursuit for the unusually adventurous, not a mainstream activity that’s transforming whole sectors of the economy. Producer: Ben Crighton Editors: Richard Knight and Richard Vadon (Image: Hand touching stars, Credit: Cherezoff/Shutterstock)
Posted on

The Nod - Good For The Blacks

Snoop Dogg has a TV show with Martha Stewart. The Tyler Perry movie "Boo! A Madea Halloween" made almost $100 million at the box office. A Black man once held the nuclear codes for President Trump. Sometimes in life we have to decide if a thing is good or bad for the Culture.

RELATED LINKS

Read Vinson Cunningham’s work at The New Yorker: http://www.newyorker.com/contributors/vinson-cunningham

Follow Aminatou Sow on Twitter. She's @aminatou.

If you are struggling to decide if something is good for the Blacks, email us at goodfortheblacks AT gimletmedia DOT com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Posted on

50 Things That Made the Modern Economy - Paper Money

A young Venetian merchant named Marco Polo wrote a remarkable book chronicling his travels in China around 750 years ago. The Book of the Marvels of the World was full of strange foreign customs Marco claimed to have seen. One, in particular, was so extraordinary, Mr Polo could barely contain himself: “tell it how I might,” he wrote, “you never would be satisfied that I was keeping within truth and reason”. Marco Polo was one of the first Europeans to witness an invention that remains at the very foundation of the modern economy: paper money. Tim Harford tells the gripping story of one of the most successful, and important, innovations of all human history: currency which derives value not from the preciousness of the substance of which it is made, but trust in the government which issues it. Producer: Ben Crighton Editors: Richard Knight and Richard Vadon (Image: Ancient Russian money, Credit: RomanR/Shutterstock)
Posted on

50 Things That Made the Modern Economy - Limited Liability Company

Nicholas Murray Butler was one of the great thinkers of his age: philosopher; Nobel Peace Prize-winner; president of Columbia University. When in 1911 Butler was asked to name the most important innovation of the industrial era, his answer was somewhat surprising. “The greatest single discovery of modern times,” he said, “is the limited liability corporation”. Tim Harford explains why Nicholas Murray Butler might well have been right. Producer: Ben Crighton Editors: Richard Knight and Richard Vadon (Image: LLC. Credit: Getty Images)
Posted on

The Nod - Greetings, My Brothas

Eric tries to convince Brittany that Beyoncé is hiding something, but Brittany needs more receipts.

 

RELATED LINKS

For the full experience, watch “Beyoncé forced Solange to give birth to Blue Ivy EXPOSED” on YouTube: https://www.youtube.com/watch?v=oQOPnV6pWkc

Shawn Blazington’s YouTube channel: https://www.youtube.com/channel/UCKB0LMauvWrRJkqDYyynihw

Celesse’s Beyoncé fan Instagram: https://www.instagram.com/throwbackxyonce

Learn more about your ad choices. Visit megaphone.fm/adchoices