The inescapable trilemma of the world economy

Dani Rodrik dubs “the inescapable trilemma of the world economy”.

In a globalised world, a country can have economic integration, the nation-state or democratic politics, but not all three fully.

—The Economist, in ‘The tension between globalisation and democracy

It can choose integration and the nation-state but give up democratic control to technocratic, supranational institutions. It can choose integration and democracy, but give up the nation-state and disappear into supranational government. Or it can choose the nation-state and democracy by embracing impoverished autarky.

Attention monopolies

The thought process that went into building these applications, Facebook being the first of them, … was all about: ‘How do we consume as much of your time and conscious attention as possible?

Sean Parker, ex President at Facebook

Facebook, the almost-monopolist in the attention economy.

Continue reading Attention monopolies

A statement everyone in India will agree with…

WHEN Narendra Modi became prime minister of India in 2014, opinion was divided as to whether he was a Hindu zealot disguised as an economic reformer, or the other way round. The past three years appear to have settled the matter.

India’s prime minister is not as much of a reformer as he seems, August 5, 2017 at 11:33PM

It couldn’t have been more ambiguous 🙂

Reality of the Raj, and the recovery

… in the post-colonial period is that a democratic Indian government endeavored to invest more in the health and education of more citizens, however imperfectly this was implemented. The British, in contrast, supplied fewer public goods and too often the expenditures were directed toward defending British rule, extracting revenue or ensuring India as a captive market for British goods.

Legacy of British Rule Is Still Holding India Back, April 13, 2017 at 05:10 PM

Both of these are largely forgotten, if not deliberately erased.

Many Indians tend to blame post-colonial democratic governments for bringing India down.

Most British students are barely taught the reality of British colonial rule from perspective of the colonised.