Markets are not efficient. Humans do not make rational nor optimal investment decisions. Even professionals admit to being motivated most by non-investment factors.
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.