Our largest skyscrapers exist no longer physically, but in a world of ones and zeroes. The most groundbreaking technology projects springing from malinvestment may be digital the next time around.
What would the effect of a 100 percent vaccination rate be on the virus? Contrary to claims, the virus will not disappear. The next outbreak would occur within a year with 100 percent breakthrough cases with a vaccine-resistant strain.
China’s real estate problems are three: the massive size of the sector, its excessive leverage, and the amount of developer debt in the hands of average households and retail investors.
Not even the US’s ostensible allies can escape. NATO members Hungary and Poland were called "totalitarian regimes" by Biden because the two countries have run afoul of the West's ruling elite.
"It is not true that the masses are always right … ‘Belief in the common man’ is no better founded than was belief in the supernatural gifts of kings, priests, and noblemen.”
The more an economy is centrally planned, the more chaotic are the relationships within it. The freer people are to make their arrangements in the market, the more coordinated things become.
