Obsolete magic



Cars of the 1950s and 1960s were notorious for their short lives. Superficial styling changes made new models fashionable each year, but also cars even two or three years old began to rust and develop mechanical problems. This was no coincidence but rather "planned obsolescence", a strategy intended to sell more vehicles. Social critic Vance Packard even warned, in his book The Waste Makers, that the ancient virtue of frugality was under assault.

We wonder then what Packard would say about Gitex, Dubai's vast consumer electronics show of as many as 25,000 products, all of them up-to-the-minute (for a minute or two, anyway). The 30th annual Gitex is "an extravaganza of glorious proportions", one insider says.

There's no denying the appeal of all that gadgetry. But by the 33rd Gitex, we fear, most of the gear on display will be forgotten in the backs of cupboards, replaced by newer products. True, innovation keeps providing products that can do more, but there is also plenty of planned obsolescence in this industry - in discontinued support for old products, software upgrades that are not backward-compatible and so on.

Understanding how we are being manipulated will not, unfortunately, diminish the allure of the new. For better or worse, the world loves those shiny little boxes of magic.

ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

WHAT ARE NFTs?

     

 

    

 

   

 

Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.

 

An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.

 

This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.

 
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
Company profile

Company: Rent Your Wardrobe 

Date started: May 2021 

Founder: Mamta Arora 

Based: Dubai 

Sector: Clothes rental subscription 

Stage: Bootstrapped, self-funded