The world needs another Cold War. Literally. America and China should compete to cool the Earth. Would it be better if they got along? Absolutely but A) lol too late and B) competition is motivation. The Cold War put a human on the moon. We need a second Cold War to remain on Earth.
In 1966 alone the US dumped 2% of its GDP into the Apollo program, and God knows what the Soviets were doing. Both spent huge amounts on nuclear weapons and horrible hot conflicts around the globe. …
“Does Your Majesty know about sprouts?” the sage Mengzi asked the king. Strange question, but an excellent one. The king was not good, but he had goodness in him. Mengzi could see it.
One day the king spared a sacrificial ox and Mengzi came to see him. This was a most promising sprout.
Mengzi said, “This heart is sufficient to become King.”
Thinking about it, the king laughed, saying, “What was this feeling, actually?”
And so they went into it.
“There is no harm,” Mengzi said. “What you did was just a technique for cultivating your benevolence.”
The king was pleased and quoted from “The Odes”, the meme generator of the day. …
Asia’s middle class is growing faster than the West’s. In a few decades, we will replace you, a trend only accelerated by COVID-19. As the top 20% of the globe becomes more diverse, it will be our people, our economies, our art that rule the world.
So get used to BTS, and buy a rice cooker. There’s more to come.
Branko Milanovic has been looking at global incomes for years. In 2012 he published his famous elephant graph, essentially an economic dick pic of the 1%.
It shows three interesting trends.
1. High income growth among Asian middle classes
(the bump at the global median)
2. A lack of such growth among the Western middle classes
(the dip at the top 20-1)
3. Fast growth of income among the global top 1%
(what it says on the…