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Has China Won?: T...
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Eight Dates: Esse...
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Jul 22, 2020 07:33AM

“A common reaction to extreme events is to say they couldn't have been predicted”
John Cassidy, How Markets Fail: The Logic of Economic Calamities

Thomas Piketty
“For millions of people, “wealth” amounts to little more than a few weeks’ wages in a checking account or low-interest savings account, a car, and a few pieces of furniture. The inescapable reality is this: wealth is so concentrated that a large segment of society is virtually unaware of its existence, so that some people imagine that it belongs to surreal or mysterious entities. That is why it is so essential to study capital and its distribution in a methodical, systematic way.”
Thomas Piketty, Capital in the Twenty-First Century

“What created the Canons, the Samsungs, the Acers and so on in Japan, Korea and Taiwan was the marriage of infant industry protection and market forces, involving (initially) subsidised exports and competition between manufacturers that vied for state support.”
Joe Studwell, How Asia Works: Success and Failure in the World's Most Dynamic Region

“This points to a central tension in our very idea and practice of democracy – it is not a simple appeal to the rule of the majority. It is also about respecting that the power of the people is limited by what’s fair to minorities, what’s reasonable, and by what’s legal and constitutional.”
Bob Rae, What's Happened to Politics?

Randall Munroe
“But I’ve never seen the Icarus story as a lesson about the limitations of humans. I see it as a lesson about the limitations of wax as an adhesive.”
Randall Munroe, What If?: Serious Scientific Answers to Absurd Hypothetical Questions

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