There is a glassy transparency to things around us that make things visible only when the glass is fissured. To dwell inside a well functioning machine is to be unaware of its functioning. In the late 1920s, the physiologist Walter Cannon coined the term “homeostasis”,
In recent months, the greatest source of criticism of the media has been the Panglossian gloss that it has managed to put on the state of economic affairs, choosing to “spin” the story, rather than “criticise” some of the failings. Indeed, it has become fashionable
In 1851, the Crystal Palace in London was the site of the first world exhibition. More importantly, this was the first time that capitalism, as a world system started to determine all conditions of life. Ever since, the rise of global capitalism has meant an
The history of the world’s first fair in 1851, which came to be known as the “Crystal Palace” opens with tidy personal profits for its sponsors. Individuals from Edward Riddle onwards glimpsed at the possibility of the new world, where the marvels of the modern
Conversations about the current state of the real estate and equity markets in the UAE tend to ignore some basic parameters. Both about how value is created, as well as how it becomes mainstream as a tool of acceptance in society. In Dubai, since the
We appear to have arrived at a place in history where the “sense making apparatus” that was useful for us to figure out what was happening, seems to be breaking down. Very little of what is being commented on in the media (print as well
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We all remember a time in Dubai not that long ago when the booming real estate sector and limited supply conspired to make the city one of the most expensive. New listings were coming up and down within minutes, open houses were mobbed, and keys
One of the theories voiced of late about Dubai’s real estate market has been the one gaining traction throughout the developed world. This theory, in a nutshell, states that in the last decade, quantitative easing has not resulted in too much money chasing too few
