Financial repression is around the corner, whether you like it or not.
The state cannot sustain the relentless shocks of the dying US hegemony under full capital mobility and central bank independence
"...the distribution of domestic income, wealth and power favoring elites in rich countries [...] created an macroeconomic impasse - underconsumption - which forced them aggressively to export capital to generate demand for underused industrial capacity." https://t.co/MimroD5YrK
“Basic research, the lifeblood of universities, examines questions on the frontiers of knowledge that may take generations to answer and may never have commercial applications. But without it many commercial breakthroughs aren’t possible, including radar GPS, and the Internet”.
"Organizational cultures are learned patterns of beliefs, values, assumptions, and behavioral norms that manifest themselves at different levels of observability."
"Organizational Culture and Leadership" — Ed Schein.
"Increasingly, the only things that China needs from abroad are commodities, luxury items, overseas holidays, and a handful of high-tech goods it isn’t yet able to make for itself."
@ForeignAffairs — "Beijing's Growth Model is Still Broken"
“The greatest threat to the West is not that it is becoming too tolerant or too concerned about individual rights. It is the expansion of state power, making the West like every other society where the strong rule the weak.” — Fareed Zakaria
“…without any commitment to a belief, individuals cannot commit to action beyond asserting their own power.”
@ForeignPolicy — “The Collapse That Created Today’s Russia”
It won’t happen in Eastern Europe. We won’t allow it. Which is why Westerners will be flooding Eastern Europe in the years to come. https://t.co/RAicQ1nMkj
"in a bipolar [world] order, peripheries disappear. [...] under bipolarity, the luxury of choice is not one afforded to small countries in a superpower’s backyard.
@ForeignAffairs
“[Europe] now finds itself negotiating to put out a fire in its backyard while the firefighter considers cutting a deal with the arsonist.”
@ForeignPolicy
"... rich democracies are more stable [because] capitalist development disperses human, financial, and organisational resources away from the state, generating countervailing power in society." —@ForeignAffairs
"Wars reveal information that was previously uncertain about the true balance of power and will between the combatants."
@ForeignPolicy — "A pragmatic endgame for the Russia-Ukraine war"