Archive for the ‘economy’ Category
List of Wikileaks exposures.
- Day 1: military in every embassy
- Day 2: two criminal presidents
- Day 3: three illegal wars
- Day 4: four covered–up crimes
- Day 5: five plutocracies (1, 2, 3, 4, 5)
- Day 6: six sycophants (1, 2, 3, 4, 5, 6)
- Day 7: seven suicide attacks
- Day 8: eight enemy combatants
- Day 9: nine NATO divisions
- Day 10: 10 years of pollution
- Day 11: more profits for credit card companies
- Day 12: drug company immunity
- Day 13: 13 theocratic thugs
- Day 14: yet another war
- Day 15: 15 happy followers
- Day 16: 16 sadistic sanctions
- Day 17: 17 infuriating peace makers
- Day 18: 18 months of ignorance
- Day 19: Bollywood-Pentagon partnerships
- Day 20: corporate muscle for diplomacy
- Day 21: black market nukes
- Day 22: congressional prostitution
- Day 23: 23 convicted kidnappers
- Day 24: 24 million McDollars
- Day 25: killing the messenger
Leaders in Europe and America have to take out dusty books of philosophy and check why Socrates and his ideas are still valid today:
- They’ve Never Been Rendered Obsolete
- He Taught Us to Question Everything
- He Taught Us That Life is Worthless Without Happiness
- He Taught Us to Ask if There’s Such a Thing as a Just War
- He Advocated True Freedom of Speech
- He Invented Philosophical Ethics
- He Was a Champion of Human Virtue
- He Warned Us of the Follies of Materialism
- He Taught Us the Value of Civil Disobedience
- He Taught Us to Stand Up For What We Believe
Why did China outperform India?
“Shanghai Theory of Economic Growth”
- Strong government
- State capitalism and government ownership
- Democracy is a hindrance to growth
It is neither infrastructure (Soviet Union vs China before 1989) nor strong government (Pakistan vs India by 2008) nor state capitalism (success of Korea, Singapore vs failures Burma and DPRK).
So why did China so systematically outperform India even during its Cultural Revolution?
China’s greatest advantage over India was basic education (literacy rate – to read/write 1500 Chinese characters vs write your name in any Indian language you happen to speak) whereas India focused heavily on tertiary education instead.
Since the industrial age of 18th century, there was a steady rise of professionals and narrow specialization in medicine/science/education/etc.. Amateurism was driven out.
Pro-Am Revolution argues that in 21st century this historic trend is reversing.
Passionate amateurs who have vast knowledge/skills in a certain domain(s), often driven by confusion/lack of sought solutions, come up with new inventions gradually improving their quality, eventually ushering into high-quality products/services.
TED talk by Dan Cobley
- a=F/m (Anderson launched Accenture; Hoover is more than vacuum cleaner; why P&G keeps separate brands).
- Δx Δh ≥ 1/2 (McDonalds sells millions, while mothers talk about healthy life to their kids).
- You cannot prove a hypothesis through observation, you can only disprove it (scientific method) – BP spent millions building environment-friendly image and than one accident ruined it all; Toyota perceived as reliable and one big recall changed that image; Tiger Woods.
- Increasing entropy (2nd law of thermodynamics) – your brand is more and more dispersed; you can’t fight it; embrace it.
Banks create money based on borrowers’ promise (in exchange for bank loans) to pay back, i.e. money is created out of debt.
The Bible:“One person pretends to be rich, yet has nothing; another pretends to be poor but has great wealth” (Proverbs 13:7). Or: “The rich rules over the poor, and the borrower becomes the lender’s slave.”(Proverbs 22:7).
Buddhism states money complex is a demonic religion – demonic because it cannot absolve our sense of lack.
P.S. Bush’s grandfather used money helping Hitler rise to power.