Pokemon Go is good for someone at leastJuly 13, 2016 Tim WorstallEconomics15 CommentsI reckon this guy has made $40,000 or so in the past week writing about it. Then there’s this fool: Pokémon Go is everything that is wrong with late capitalism Err, yeah. previousI tried using this joke but the editor cut itnextThat New Scientist piece 15 thoughts on “Pokemon Go is good for someone at least” The Inimitable Steve July 13, 2016 at 10:02 am I’m not even sure I know what Pokemon Go is (something to do with virtual badger baiting?) but I reckon Teresa May’s gonna ban it. Tom July 13, 2016 at 10:37 am Interesting. How are you calculating that? ~4.6 million views of his Pokemon related posts translates into ~40K for him based on however Forbes pays or am I missing something? Andrew M July 13, 2016 at 10:42 am He’s not entirely wrong. The result is that the internet economy is increasingly transforming America into two parallel economies. Cities on the receiving end of Pokémon Go–style money gushers are booming so much that acute housing shortages are causing rents to skyrocket. The rest of the country has seen barely seen an economic recovery at all. Globalisation & the internet mean that (as Richard Florida wrote back in 2005) the world is spiky. Despite having correctly understood this, his proposed solution is to kill the goose that lays the golden eggs: taxing rich people in high-growth areas to fund expanded government services, wage subsidies, or even cash payments to people in slower-growing parts of the country. It’s always the same with these people, isn’t it? Tim Worstall July 13, 2016 at 11:21 am Yes, around and abut that. It’s not quite a straight calculation but it will be of that order. Rational Anarchist July 13, 2016 at 11:44 am I’m in the wrong business… Custard Cream July 13, 2016 at 11:57 am Is ‘late capitalism’ this year’s buzz phrase amongst the tosserati? Are they hoping it will be true if they say it often enough? MyBurningEars July 13, 2016 at 11:59 am Different strokes for different folks – yes, people different to me can have very different utility functions to me. But seriously… I guess it’s the millenial generation’s version of pteridomania. Those Victorians could have some pretty crazy crazes too! At least the ferns were for real, though… djc July 13, 2016 at 12:07 pm Until this week I had just about heard of Pokemon though had no idea what it was. Then on Monday there was http://xkcd.com/1705/ and thereafter it seems to feature in every news outlet I visit (even here now!). My conclusion: someone is really good at PR. Gamecock July 13, 2016 at 12:28 pm ‘The rest of the country has seen barely seen an economic recovery at all.’ I didn’t think they were allowed to say this (the obvious). The writer laments the loss of inefficiency of the past and the jobs it created. Bring back the buggy whip factories! Ticket takers should rise against Redbox! Van_Patten July 13, 2016 at 1:29 pm Gamecock If you look at the Green Party manifesto that is precisely what they (and the Corbynites) want to do – turn the clock back to the days of yore! The atavists are always with us Anon July 13, 2016 at 3:27 pm “Smartphone platforms have created some jobs making apps, but app makers don’t have to live in any particular location. In practice, they tend to be heavily concentrated in the same big cities as most other technology jobs.” It’s precisely because they can be made anywhere that they generally aren’t in big cities. It’s much cheaper to run a digital agency/games company from Newbury. Dennis the Peasant July 13, 2016 at 5:38 pm I see that Timothy B. Lee has learned how to do the “trolling for low information lefty dimwits’ hits” thingy… Probably learned from Matty Yglesias, the master himself. Dennis the Peasant July 13, 2016 at 5:41 pm And of course, the appropriate response to anyone who would say the following out loud: “What Pokémon Go teaches us about [insert anything here]…” is “Fuck off.” Matthew L July 13, 2016 at 10:24 pm Custard Cream: Yes, “late stage capitalism” is the new “neoliberal”. MyBurningEars July 14, 2016 at 1:43 am The arrogant presumption behind calling it “late stage capitalism” just reeks. Perhaps righties should start talking about the “late stage welfare state”, “late stage social democracy”, “late stage European Union”, “late stage Labour Party” and so on… Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.