Interesting media property here…could use more on investing?
If the quality of government institutions really is the secret to future riches, the global economy— and in particular the world’s poorest people—could be in for a great few decades.
How the absence of grift equals quality government exists beyond my mental equations…so many more variables need to be addressed than this to define quality governments.
There are a lot more horrific bites to spit out in this article - enough to excite Nassim Taleb in his normal causal relationship rant - like:
all the people in human history who ever reached the age of sixty-five, half are alive now, reflecting considerably improved global trends in adult health as well.
(actually, it reflects only longer life spans)
The bombshell isn’t that the (security) flaw was suspected, it is that…the NSA paid RSA to make the code breakable — on purpose.
This could be the most evil NSA item performed and come to light thus far. My gut says The RSA was not complicit since they have their brand name and business on the line.
NEWSNIGHT: Russell Brand - full interview (by BBC Newsnight)
I find this fascinating…since being introduced to Dennis Miller in the early 1990’s I posited “Today’s philosophers exist as comedians”.
Russell Brand asks for a revolution, calling profit a dirty word - random things on my mind:
Profit is not a dirty word, it is the original and the only proper means of redistributing wealth.
I accept that Mr. Brand need not have specific solutions to the problems of the world, being aware of the problems and asking for change is good enough.
Interviewer dismisses the Mr. Brand does not vote, so why listen to him about government? He abstains from voting on principle as he sees no viable choices.
Brand realizes he does not need anyone’s permission to share his views - good on him.
PROBLEM: Brand cannot call for a revolution that levies massive taxes upon corporations to redistribute wealth and “force” environmental awareness. He does not realize that taxation and thick regulations ARE the current problem!
For me to sum up, the problem with the developed world is crony capitalism, government granting favors to those of wealth to get support for their own public agenda. Brand hits on this and especially on the idea that banks and others in favor exist above the law…but his solutions are more of the same as if he can create an army of force to deal with the existing army of force.