Submitted by Constantin Gurdgiev via True Economics blog,
In a recent op-ed in FT, Wolfgang Mu?nchau raised a very valid point that globalisation, free trade and markets liberalisation do produce both winners and losers. Nothing new here. But the key point is that this realisation must be timed / juxtaposed against political and social realities on the ground...
Quoting from Mu?nchau (emphasis is mine):
An Indonesian fisherman recovered an inflatable doll that had washed up on the beach and mistakenly thought that he had been blessed by “a fallen angel.” Villagers from a remote island in Indonesia thought that the beautiful naked doll with its fair complexion and big green eyes was a blessing from above, an angel fallen from heaven. Until authorities find out that it was probably just a discarded sex toy from a passing ship and broke the bad news to the locals.
When it comes to dealing with the mass media and its impact on public confidence, China has a long and illustrious history of not beating around the bush. Last summer around the time its stock market bubble started to crack, Beijing banned the use of such terms as "equity disaster" and "rescue the market." Then earlier this year, China's president Xi Jingping visited the country’s three big state news organizations, Xinhua, the People’s Daily and China Central Television, to lecture them on the need to toe the party line, "tell China’s sto
Two examples, from new releases of young people’s books, sent in by two different readers this morning. First, from the YA shelf:
Amanda Hardy is the new girl in school. Like anyone else, all she wants is to make friends and fit in. But Amanda is keeping a secret, and she’s determined not to get too close to anyone.
A massive brawl broke out between the ruling Justice and Development Party (AKP) and the Peoples' Democratic Party (HDP) during a Turkish parliament meeting recently. According to Russia Today, the fight started as the two sides debated a constitutional amendment that would strip lawmakers of their legal immunity.