The potential costs of climate change, already the subject of heated debate, may actually be understated. It’s not just the potential disruptions to weather systems, agriculture and coastal cities; it’s that we may respond to those problems in stupid and destructive ways. As the philosopher and cartoon character Pogo said: “We have met the enemy and he is us.” Consider ...

Karl Marx defined the proletariat as labourers “unencumbered by any means of production” who were increasingly impoverished by the rise of machines. In that classic form, Marx’s favourite class doesn’t really exist in the rich world today, except in the so-called gig economy. Reports from the International Labour Organization and the JPMorgan Chase Institute describe the plight of different kinds ...

Better late than never. Tesco Plc has finally revealed Jack’s, its new store format to take on the might of the German discounters, Aldi and Lidl. Tesco should have made this move when the no-frills supermarkets started winning significant market share a few years ago. And cut-price chain B&M European Value Retail SA is expanding aggressively, and increasing its food ...