recentpopularlog in

jerryking : zero-sum_games   8

The U.S. Is Ceding the Pacific to China
March 3, 2019 | WSJ | By Mark Helprin.

While Washington’s focus is elsewhere, Beijing plays the long game—that means preparing for war.

The only effective leverage on China, and by extension North Korea—which otherwise will retain nuclear weapons whether overtly or covertly but certainly—is to alter the correlation of military forces in the Western Pacific, and indeed in the world, so that it no longer moves rapidly and inevitably in China’s favor, which is what China cares about, the essence of its policy, its central proposition. Though with some effort the U.S. is perfectly capable of embarking upon this strategy, it has not. It seems we lack the awareness, political will, intelligence, probity, discipline, leadership, and habit of mind to do so.
America_in_Decline?  Asia_Pacific  balance_of_power  China  China_rising  geopolitics  hard_power  long-term  long-range  maritime  Mark_Helprin  North_Korea  nuclear  PACOM  political_geography  political_will  rivalries  South_China_Sea  strategic_geography  submarines  trade_wars  U.S.  U.S._Navy  USMC  U.S.-China_relations  Xi_Jinping  zero-sum_games 
march 2019 by jerryking
The Enlightenment Project
FEB. 28, 2017 | The New York Times| David Brooks.

Enlightenment thought. The Enlightenment included thinkers like John Locke and Immanuel Kant who argued that people should stop deferring blindly to authority for how to live. Instead, they should think things through from the ground up, respect facts and skeptically re-examine their own assumptions and convictions.

Enlightenment thinkers turned their skeptical ideas into skeptical institutions, notably the U.S. Constitution. America’s founders didn’t trust the people or themselves, so they built a system of rules, providing checks and balances to pit interest against interest.

....Today’s anti-Enlightenment movements don’t think truth is to be found through skeptical inquiry and debate. They think wisdom and virtue are found in the instincts of the plain people, deep in the mystical core of the nation’s or race’s group consciousness.

Today’s anti-Enlightenment movements believe less in calm persuasion and evidence-based inquiry than in purity of will. They try to win debates through blunt force and silencing unacceptable speech.

They don’t see history as a gradual march toward cooperation. They see history as cataclysmic cycles — a zero-sum endeavor marked by conflict. Nations trying to screw other nations, races inherently trying to oppress other races.

These movements are hostile to rules-based systems, multilateral organizations, the messy compromises of democratic politics and what Steve Bannon calls the “administrative state.” They prefer the direct rule by one strongman who is the embodiment of the will of the people.

When Trump calls the media the “enemy of the people” he is going after the system of conversation, debate and inquiry that is the foundation for the entire Enlightenment project....
administrative_state  David_Brooks  grand_strategy  history  Yale  John_Locke  Immanuel_Kant  rules-based  Abraham_Lincoln  multilateralism  De_Tocqueville  the_Enlightenment  skepticism  checks_and_balances  Stephen_Bannon  zero-sum_games  strongman  constitutions  worldviews 
march 2017 by jerryking
Putin Sees a Happy New Year - The New York Times
By MICHAEL KHODARKOVSKYDEC. 26, 2016

Today, Mr. Putin focuses the shrinking resources of a beleaguered Russian economy on the twin agendas of restoring Russia’s position among the world’s powers and undermining Western institutions. For him it is a zero sum game. Moscow can easily deploy thousands of hackers and trolls to achieve maximum disruption while Western democracies awaken too slowly to the dangers. And the dangers are grave. From state-sponsored mass doping in sports to corrosive business practices, from silencing political dissent at home to supporting brutal regimes abroad, Russia’s policies are rooted in deceit, graft and violence — a combination that presents an existential challenge to democracies.....This is not routine cyber intelligence, which many nations practice. Russia’s cyber activity seeks to confuse, destabilize and ultimately bring to power foreign governments pliant to Russia’s aims. That is an attack on the values and institutions of democratic societies, and, if successful, it achieves the same result as a military invasion to install a new government.
Russia  Vladimir_Putin  cyber_warfare  disinformation  destabilization  security_&_intelligence  propaganda  deception  zero-sum_games  offensive_tactics 
december 2016 by jerryking
The PNC when in power did not amend the constitution to protect African Guyanese should it ever lose office - - Georgetown, Guyana
JUNE 25, 2011 | Stabroek News | M. Maxwell.

"Political power in this country is a zero-sum game thanks to the PNC and more pointedly to Forbes Burnham, who replaced a good (not great, but good) constitution with a monstrosity in 1980. ....The PNC had sufficient opportunity from at least 1985 with his demise to before the election of 1992 to implement constitutional and institutional reform that would protect African Guyanese and other minorities in the future following free and fair elections where ethnic voting would put the heavily Indian-supported PPP into power for a long time. ....However, the PNC failed African Guyanese in particular and Guyanese in general. A great opportunity to rewrite the constitution to benefit the minorities of this country of minorities was missed. The presidency continues to destroy this nation. ...Instead of beneficial change to protect its constituency and the Guyanese public in general, some charlatans who sat atop the PNC heap in 1992 ran for the hills leaving the African masses with no constitutional or institutional protection against exactly what they complain of today. It was a classic act of the shallow thinking, missing foresight and ineptitude
Afro-Guyanese  constituencies  constitutions  Guyana  failure  foresight  history  ineptitude  letters_to_the_editor  LFSB  minorities  minority_rights  PNC  shallowness  zero-sum_games 
september 2014 by jerryking
Incognito
October 2003 | Report on Business Magazine | by Doug Steiner.

"...He always seemed a step ahead, and he did it by working harder, thinking harder and trading harder—and in ways that the competition couldn't quite grasp."

Steiner's 10 rules for making serious money:

1. Economists say investing is a zero-sum game It isn't. Money moves to smart hands quickly, and lazy investors pay a price. Tiger Woods became the been golfer by practising a lot. How many prospectuses have you read in bed after the news?
2. Really good investors rarely crow. If there is $5 to be made from a trade, there will be loss than $2.50 after you've blabbed about how smart you are. There are traders who quietly take home $10 million a year. They live beside you in a modest house and drive a beat-up Nissan.
3. The best follow rules and they‘re patient. They may not invest for months. One great trader I know wanted to buy a house in a fancy neighbourhood. He spent more than a week in the registry office on his vacation, searching the title on each property in the neighbourhood to find what buyers paid and how much of that was mortgaged, going back 20 wars. He got a good deal. He does the same amount of homework investing.
4. Sharp traders never add to losing positions. Too many headaches.
5. Smart investors. when puzzled about when to sell. wonder if they should buy more. If they don’t think they should buy more,they sell.
6. The most information wins. If you like a company, phone some people who work there. Apply for a job. Try their products. Phone the shipping dock to find out if they're busy.
7. Get a Bloomberg terminal. Bloombergs have more information in them than you can use, but smart people use a lot of it.
8. Following really smart traders around the market is hard. Most have more money to invest in a position than the arbitrage or opportunity can handle. They leave few tracks.
9. Great investors an: like great athletes—they see opportunities that others don’t. Often you don't realize that what they've made the most money on is even fungible.
10. If you can't do it yourself, find someone who likes the foldouts in annual reports more than anything. Their management fees are usually worth it. And they usually don't have slick marketing brochures.
absorptive_capacity  arbitrage  Bay_Street  Bloomberg  dedication  Doug_Steiner  hard_work  hedge_funds  humility  idea_generation  investment_advice  investing  investors  money_management  obscurity  opportunities  overlooked_opportunities  patience  perception  primary_field_research  prospectuses  rules_of_the_game  self-discipline  sleuthing  slight_edge  smart_people  traders  training  unfair_advantages  zero-sum_games 
december 2013 by jerryking
Graduates, Take Heed - WSJ.com
June 11, 2004 | WSJ | By DANIEL AKST.

if you are dreaming of making the world a better place...just go out and make the most money you can. Then, if you still want to do more, give it away....Economics, remember, is not a zero-sum game. Capital is the lifeblood of the economy, fueling the productivity gains that in turn fuel expanding affluence and social progress. As if none of this were sufficient, Alex's earnings required him to pay enough income taxes over the years for the government to employ a small army of social workers. He never shirked these obligations through dubious tax-shelter schemes, either. And don't forget the foundation!

The conclusion is unavoidable: If you have a good education, you shouldn't just consider getting rich. Creating and amassing wealth is an outright moral obligation. Do so and you can take comfort not just in financing public services but in knowing that you are giving people what they need or want, generating jobs and underwriting the affluence that makes art, justice, environmental protection and other social goods possible.

Of course, making yourself a pile of money is good for you too. You'll live in a better neighborhood, drive a safer car, get to be more selective in choosing a spouse and enjoy a longer, healthier life. Your kids will get a better education, which in turn will mean more of the same for them, too -- and will better equip them to improve the world still more.
commencement  advice  Wall_Street  capitalism  new_graduates  personal_enrichment  career_paths  finance  wealth_creation  philanthropy  tithing  geographic_sorting  compounded  self-perpetuation  super_ZIPs  zero-sum_games 
august 2012 by jerryking

Copy this bookmark:





to read