The above phrase is from a recent SCMP article (on trade and EV tariffs). In and of itself, this phrase seems true. Once you reflect on the meaning of progress then things get fuzzy because progress is philosophical and one-directional. “Progress is movement towards a perceived refined, improved, or otherwise desired state. It is central to the philosophy...
Intro LO: In a market economy, lower consumer demand is compensated by lower (eg, manufacturing) supply in order to maintain consumer prices. Lower demand without lower supply, will cause high inventories, and the need for price reductions in retail and wholesale. Latter is called (price) deflation. Clearly, China does not quality as a market economy given the very...
Progress can be summarized by the 2001 Daft Punk song: Harder, Better, Faster, Stronger. Many of us expect progress, else we get disappointed. However, older people may complain that everything used to be better, while young people rejoice the latest version of their gaming console. The pace of Change is quite relevant. We expect progress in the following areas: (i)...
In yesterday's blog, stagflation vs inflation, I finally put in writing that what has been bugging me for a long time: "It’s a miracle (to me) that we have come so far despite the abundance of human stupidity." One could argue that the interglacial period following the Last Glacial Maximum allowed us to rewrite human history, given the worldwide destruction due to...
Wednesday night, my potential significant other and I had another great conversation during which she stated: "Is there a problem??" I realised at once her words had a bearing on Thursday's blog: What exactly is the problem? I laughed out loud following her wise words. I should have realised this. My (dating) problem, if any, is time and space related: I can find...
While looking for articles on doubt in animals, I stumbled upon this "famous saying of 'we believe our doubts and we doubt our beliefs' in the corporate world" (source). It was new to me. Some argue the opposite: "Doubt Your Doubts and Believe Your Beliefs" (source-1, source-2). I doubt (sic!) that both are valid. I believe in this quote by Richard P. Feynman...
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