Catching the pest
How China won and Russia lost. An interesting read on the driving factors behind China’s apparent economic success and Russia’s failure, while implementing seemingly similar policies. The gist of it is that many of China’s reforms came bottom-up, gradually making their evolving from rural agrarian practices, while Russia’s reforms used a top-down government mandated approach.
Street Smarts
The real reason the financial system almost collapsed… smart guys.
“Did you ever hear the word ‘derivatives’?” he said. “Do you think our guys could have invented, say, credit default swaps? Give me a break! They couldn’t have done the math.”
Moyers and David Simon
Bill Moyers interviews David Simon, mostly centred around The Wire and the current state of society in America.
