Category: economy

is democracy bad for growth?

Why did China outperform India? “Shanghai Theory of Economic Growth” Infrastructures Strong government State capitalism and government ownership Democracy is a hindrance to growth It

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what is money?

Banks create money based on borrowers’ promise (in exchange for bank loans) to pay back, i.e. money is created out of debt. The Bible:“One person

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(tech) innovation stalls – what’s next?

There’s growing realization that value-added technology innovation stalls. How did ancients invent/innovate? New York Times started its own Google-Labs-style innovation-driving initiative called beta620. A response to

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