Archive for the ‘International Convergence’ Category

They Hate Us for Our Freedoms…
Riiight???

BBC News reports, “Many in the armed forces feel that too few civilians fully appreciate the drive to serve in combat.”
So, that’s why US taxpayers are paying a billion dollars per day on the wars in Afghanistan and Iraq.
It’s a safari to keep soldiers entertained… or a turkey shoot, considering that more than 100,000 Iraqis [...]

For Want of a Clue

The Hill reports that the US Senate Committee on Homeland Security and Governmental Affairs has approved a bill that grants the president of the USA a kill switch on the Internet. In Washington, DC, Orwellian doublespeak, this measure strengthens US residents’ access to information.
Watch out China, Iran, and North Korea, we gaining on you!
Meanwhile, the [...]

Peace through Commerce

Hernando de Soto explains the importance of extending capitalist institutions to the poorest of the poor.

Invest accordingly.

The Empire Flails Helplessly

Lately, my focus has been significantly less on LMF Theory than in the past and almost exclusively on the more uplifting prospect of fostering international development through business education, specifically finance.
Of course, one way that individuals can prosper is to short-sell stupidity, ignorance, and lies, but that is not the only route that one can [...]

One Big, Dysfunctional Family, cont’d

Multiculturalism outside of the classroom is not about dancing bunnies, singing unicorns, and lollipop fountains, but about knowing when to push back and how hard. It is also knowing when to anticipate that the other party is going to feel that you have initiated the confrontation.
In some cultures arguing is a normal part of the [...]

Support Free Market Thought in Afghanistan

The Afghanistan Economic and Legal Studies Organization (AELSO) is a nascent public policy research institute that advocates free markets, rule of law, and gender equality in Afghanistan.
AELSO was established — following visits in 2009 by Dr. Tom G. Palmer of Atlas Economic Research Foundation — by a group of university professors, students, and businessmen led [...]

One Big Dysfunctional Family

A recent conversation with an acquaintance elicited this response from me. I memorialize it here:
Worldwide regulation already is well underway.
National accounting standards are giving way to IFRS, national regulatory structures are converging through international treaties, national legal systems are increasingly a hybrid of common and civil law, Global English is the language of global [...]

Nassim Taleb on the 6 May 2010 ‘Flash Crash’

“If a bridge collapses, you don’t focus your attention on the last truck that crossed it.”
Invest accordingly.
CWE

The Thousand-Mile Road to a Market Economy Begins with a Haircut

And, so it begins. Raúl Castro is privatizing hair salons in Cuba. It cannot be long, before Cuba is as ’socialist’ as China.
Baby steps.
Invest accordingly.
CWE

One World Culture Is Enough