Sunday, July 11

Banglatown

We are on Brick Lane last night and wow, what a scene. Recall this in the London borough of Tower Hamlets and is the heart of the city's Bangladeshi-Sylheti community; it also known as Banglatown - there is a super-market with this name. The street is narrow and populated with curry shops whose proprietors streetside, cajoling: "please come in. Best in London." We stroll by the Great Mosque, once known as the London Jamme Masjid, which serves the largest concentration of Bangladeshi Muslims in the country. The mosque was under investigation some years ago for radicalising young men who, this evening, in shawar kamise, watch the bustle with half interest. Brick Lane once an oddity where one might go for a late dinner or the 24 hour Beigal Bakery whose salt beef sandwiches perfect for post-clubbing -- so good, in fact, the Sunday morning queues begin from 4AM. Today Brick Lane remarkably shifts into an uber cool ghetto as young gay couples and artists colonised this part of London from the late '90s. The vibe amazing - young people search for restaurants and clubs and bars, which spill into the street. Cars stall and honk away to no effect. The brick a Victorian turd brown which further defines the scene somehow. An enormous smokestack points into the sky. It is dense, man. Many of the inhabitants pierced with dyed hair and sometimes tattoos. The boys clean wearing skinny jeans+tees+brown topsiders. Tres vogue. Girls show too much t & a for their age (I will fight that battle with Madeleine when the time comes). We park on a side road in midst of council housing - concrete - massive - gruesome. But then it is relative - compared to Dhaka this might be heaven. We hide anything that might tempt fate. What a scene.



I mention to Eitan that using my blackberry costs money, which receives a curious look.
Me: "How do you think blackberry make money?"
Eitan: "Cheating?"
Me: "Think about it."
Eitan: "Bargains?"
Me: "You can do better."
Eitan: "How should I know?"
Me: "Well, if you want a blackberry, do they just give it to you?"
Eitan: "No."
Me: "You have to pay money for it. Do you think it costs blackberry more or less to make a blackberry then to sell it?"
Eitan: "Less?"
Me: "Good. If you pay blackberry £100 and it costs them £90 to make, they have made a profit. Now what happens if blackberry makes a lot of units -- does each unit cost the same?"
Eitan:
Me: "Let us assume that to make one blackberry, it costs £100; two blackberries, £190 and three blackberries £270. This is because some costs, like the factory, don't change or are 'fixed.' If we sell at £100, are we better off making and selling one or three blackberries?
Eitan:
Me: "If we sell a lot of blackberries, can blackberry charge you less yet still make a per unit profit?"
Eitan:
Me: "What happens if somebody tries to do the same thing? Can they compete on cost at first?"
Eitan:
Me: "That, my friend, is what business school calls 'economies of scale.'"
Eitan: "Can I just watch the World Cup highlights dad?"