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CONFUCIAN CONTRADICTIONS

  The 21st century will belong to China.  Demographics tell us that, and so have most economic analysts.  China itself has been boldly stating its intention to be the leading nation in technology development, capital markets and global trade.  And before recent slumps in Chinese GDP growth, it sure looked like that was an easy call.  But 2019 has not been kind to the forecast of the rapid and inevitable rise of China to global leadership, and it all comes down to some longstanding and intractable contradictions. Contradiction #1:  China wants to be the leading supplier of hardware to facilitate […]

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MARSHALL LAW

Notwithstanding the disappointingly inconclusive end of the Civil War in Syria, the world continues to struggle with a global migrant crisis.  It is tempting to despair that this continuing global crisis is proof that the world has become an awful place full of suffering. However, I would argue that it is both more hopeful and accurate to conclude that we have a global migrant crisis not because the world is so bad, but rather because the unprecedented cumulative benefits of human progress are shared so unevenly around the world.  Of course, this is not a new phenomenon. It has been […]

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A BRIDGE TOO FAR

My wife is “kind of/sort of” retiring at the end of this month and has accordingly begun the process of identifying new activities to fill the leisure hours she hopes to discover.   Her first of what I expect will be many new pastimes that she has endeavoured to master is the impossibly complex game of Contract Bridge. To that end, she and a few friends signed up for a series of lessons on the grand old game at a local community hall.  Fearing being left in the dust in this potential passion, I have begun revisiting and upgrading my knowledge […]

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