"Restore(s) a little sanity into current political debate" - Kenneth Minogue, TLS "Projects a more expansive and optimistic future for Americans than (the analysis of) Huntington" - James R. Kurth, National Interest "One of (the) most important books I have read in recent years" - Lexington Green
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Posted by Trent Telenko on 28th April 2016 (All posts by Trent Telenko)
Back in January 2016 there was a lot of speculation over whether Pres. Obama would pardon Former Sec of State Hillary Clinton for E-Mail/Server-gate, (See Google Link ).
Now that Trump has the GOP nomination well in hand with a preference cascade in the North East (See MSNBC video link), Trump has said Hillary should be prosecuted for E-Mail/Server-gate, and that Democratic strategist Dave “Mudcat” Saunders is telling the Daily Caller Trump Will Beat Hillary Like ‘A Baby Seal’. It is time to again ask the questions:
1. When Will Obama Pardon Hillary? and
2. For What Crimes?
I suspect, whatever the answers to those two questions are, after January 2017 GOP Congressional committee chairmen will call her in to testify under oath, in hopes of catching her in a perjury trap.
Posted by Trent Telenko on 1st April 2016 (All posts by Trent Telenko)
America’s incompetently planned and led wars in the Middle East have acted as a biological process of evolutionary selection that has been creating nastier and more lethal terrorist organizations. This has happened because of the fecklessness of America’s political leaders. (Bing West covers that political fecklessness and the selective pressures on our Islamist enemies in his article America the Weak.)
Nowhere is this selective pressure seen better than with the evolution of ISIS and its adoption of “Auftragstaktik” in order to execute terrorist operations.
“Auftragstaktik” is a German military term that is loosely translated in English as “Mission Tactics”. According to the UK Daily Mail, the terrorist organization ISIS has adopted “Auftragstaktik” as a central organizing theme because Western signals intelligence destroyed other Islamic terrorist organizations like Al-Qaeda that tried to be more centrally directed.
ISIS figured out that if you give a leader resources, a target, and a time to get it done, then tell him to get it done however he can, you will get big, nasty and above all successful terrorist attacks in western nations, because such methods do not require detectable electronic communications.
See this UK Daily Mail clip:
The bloodthirsty militant group admitted to following the technique in a recent issue of Dar al-Islam, its French-language propaganda magazine.
It was this strategy of warfare that led to the November 13 Paris attacks, in which 130 people died, and the Brussels bombings two weeks ago that killed another 32.
The doctrine was first developed in the early 19th century in Prussia in response to the state’s crushing defeat against Napoleon.
This new theory of war – which gave troops the skills to respond to rapidly changing circumstances in the heat of battle – was then refined by general Carl von Clausewitz.
Later fellow Prussian general Moltke the Elder further tweaked his theory, ushering in a new way of commanding modern-day armies.
Today, similar tactics form a crucial component of the U.S. and UK armies military training.
The February ISIS article, which was devoted almost entirely to the Paris bombings, explained that its jihad in Europe encompasses three types of attacks.
This includes ambitious mass slaughter plots carried out by operatives sent from ISIS headquarters in the Middle East, to lone-wolf attacks by people with no connection whatsoever to the group.
It even cited a historical German infantry manual from 1908 as its inspiration.
The soldiers’ manual stated: ‘There is nothing more important than educating the soldier to think and act for himself.
‘Autonomy and his sense of honor push him to do his duty even when it is not in front of his superior.’
According to SOFREP.com, this style of warfare – known in the U.S. as mission-type tactics – translates to: ‘Here is your target, here are your assets, go get it done.’
This, ISIS claimed, allowed its cells to inflict terror in Europe with ‘complete tactical autonomy’ and leaves little evidence that can link back to their commanders.
This ISIS “Auftragstaktik” model will be replicated and improved upon. This will not end well.
We have sowed the wind, now we reap the whirlwind.
Posted by Trent Telenko on 30th March 2016 (All posts by Trent Telenko)
…what could go wrong?
That sounds like the plot line from a Broadway musical comedy, yet it’s happening. See this this text clipped from THE HILL column “Trump angst pours in from overseas” about the details.
Lobbyists in Washington say they are being flooded with questions and concerns from foreign governments about the rise of Donald Trump
Officials around the globe are closely following the U.S. presidential race, to the point where some have asked their American lobbyists to explain, in great detail, what a contested GOP convention would look like.
The questions about Trump are “almost all-consuming,” said Richard Mintz, the managing director of Washington-based firm The Harbour Group, whose client list includes the governments of Georgia and the United Arab Emirates.
After a recent trip to London, Abu Dhabi and Beijing, “it’s fair to say that all anyone wants to talk about is the U.S. presidential election,” Mintz added. “People are confused and perplexed.”
The Hill conducted interviews with more than a half-dozen lobbyists, many of whom said they are grappling with how to explain Trump and his unusual foreign policy views to clients who have a lot riding on their relationship with the United States.
The comic possibilities in those sorts of miscommunications are better than THE PRODUCERS improbably successful money scam play “Springtime for Hitler.”
Posted by Mrs. Davis on 6th March 2016 (All posts by Mrs. Davis)
We let the Saturday/Sunday WSJ opinion pages remain unopened as we have errands to do and our local paper has dispensed with its Sunday edition to deliver its scant weekend advertising edition on Saturday. So this morning I ate my eggs accompanied by a whimpering Peggy Noonan.
She sounds like an out of phase boomer crying “Has anybody here seen my old friend Jeb?” because her Republican party is shattering in her mind. So long has she lived in the comfort of her subservient cocoon that she cannot imagine that the shattering of the chrysalis will allow the emergence of the beautiful and powerful butterfly instead of the inert pupa to which she had become accustomed. Instead the agent of that shattering, Donald Trump, is seen to be destroying the comfort to which she had looked forward in her old age.
I also saw the returns for yesterday’s contests where Cruz won two and narrowed The Donald’s margins in two others while leaving Rubio and Kasich far behind, clutching for straws. We now have the two man race. Bad news for the Donald because he now faces the candidate most likely to reveal the true emptiness of the man behind the curtain. And the candidate most likely to present a clear choice for voters in November.
And on the other side, the Bern won 2 of 3 which will force Hillary to rededicate herself to leftism past which she will, if still free, be forced to defend in the autumn against Cruz painting the future in bold colors.
Who ever became president in 2008 was doomed to preside over 8 terrible economic years. The withdrawal of the boomers from economic productivity into dependent consumerism was inevitably about to begin, our financial institutions were in disarray, and a vibrant China was eating our lunch as had the Japanese in the 1970s and 1980s.
The next president, whoever it is, will face far less difficult prospects. Boomers will continue their decline into consumption, but they will begin to abandon the jobs to which they have so bitterly clung to the X’ers and Millenials who so desperately need them. Our financial institutions, while still unreformed, are stronger than any others in the world. China faces interesting times, and our adversaries in Russia, Arabia and Persia will struggle with the onslaught created by one of the 20th century’s greatest unsung heroes, George P. Mitchell, father of fracking. Who knows, there may be enough wealth to cover Social Security, if not Medicare.
What remains unstated in all of Noonan’s and others’ commentary is that this election has the opportunity to be a revolutionary generational transfer of power. The Donald, having done the prophetic work of Jeremiah, has paved the way for Cruz, the new Josiah, to rediscover the law of old and restore it to guide a new age. An age in which Republicans have an embarrassment of talents and the Democrats none. Should Cruz gain power there is greater than normal reason to expect his redirection of the nation could be sustained simply because of the lack of opposition talent and the gift of fracking. After the last 30 years, we can at least pray for it.
No one can know the future, and there are some reasons why this may not be it, but for this afternoon, I can at least try to remember where I left those sunglasses.
Something similar happened in the early ’90s. It looked as though a political consensus favoring smaller government was taking shape. Republicans with a well-considered smaller-govt agenda took over the Congress and the Democrats started to cut deals with them. Then the Oklahoma City bombing happened, the Clinton Democrats outmaneuvered the Gingrich Republicans over the government shutdown, and the smaller-government impetus was weakened considerably (we did get cap-gains tax cuts, welfare and a few other reforms that did a lot of good in the subsequent decade).
But then Sept. 11, 2001 and the Middle East war kicked much of what was left of the smaller-government movement over the far horizon, and since 2009 a hard-Left executive branch has been extending and doing its best to entrench post-Reagan government expansion.
There are tides in the affairs of men. The problem with tides is that they can go out for a long time before they reverse and start to come in. Let’s hope that the statist tide has finally run its course and that we are near a reversal.
The current orthodoxy on Columbus is that he, and his impact, were unmitigated evil. This is, to say the least, an over-correction from earlier mythologizing.
Columbus certainly treated the people of Hispaniola who fell under his authority abusivley and cruelly. In that regard, he was typical of his day and age.
What was atypical about Columbus was his ingenious insight about the Atlantic wind patterns, and his superhuman drive to cross the Ocean Sea and arrive, as he incorrectly believed, in the Far East. It is of course false that people in his day did not know that the planet was spherical. Columbus did not have to prove that. Columbus was mistaken about the size of the sphere, and he imagined China to be a lot close than it was.
Posted by Lexington Green on 25th September 2015 (All posts by Lexington Green)
I have in recent years been reading the work of Joseph Conrad. I spent many years believing the best writers in English were George Orwell, Evelyn Waugh, with Leo Tolstoy in translation as a titan and peer. Then all of a sudden, in the last five or years I discovered that Ernest Hemingway is a near peer, and that V.S. Naipaul is every bit the equal of these great ones. And through Naipaul, I met Conrad, who also merits admission to this august company.
Naipaul and Conrad both have as a main theme the encounter, the clash, between European civilization and the peoples and ways of Asia and Africa. Conrad depicts the European imperial and commercial expansion near its peak, and while it is still confident and expanding. Naipaul depicts the world after the European domination has receded, like an outgoing tsunami, which has left a transformed landscape behind.
Posted by Lexington Green on 21st September 2015 (All posts by Lexington Green)
[Note: I am not personally or professionally acquainted with Mr. Hornick. He is in no way associated with any opinions I may have, or proposals I have made. He is not affiliated in any way with the America 3.0 Institute.]
We wrote America 3.0 in 2012, mostly, and it was published in 2013. In the book we present a picture of America in 2040. We predict the demise of the industrial-era political and economic order, which is visibly failing today, and the rise of a new set of institutional arrangements for the country. A big part of this change is the development of several important new technologies which will undermine the existing order, and democratize the economy in radical ways.
We focused on 3D printing, driverless cars, cheap desalination and personalized health care and medication. We were not trying to write a comprehensive book about future technology. Rather, our goal was to indicate the scale of the changes in technology which were coming, and the disruptive impact they would have. If we were to write it now, we would have said more about robotics, drones, and blockchains, for example. Nonetheless, the general trend of things is as we predicted. And as we suspected, things are moving much faster, and the world will be even more different by 2040 than we rather conservatively predicted.
I recently ran across some outstanding videos by John Hornick, an intellectual property attorney at the Finnegan firm in DC. His Twitter is here. Mr. Hornick is an expert on the law and the technology of 3D printing. I have spent a few hours immersed in his videos.
Mr. Hornick has a video, entitled “3D Printing State of the Art: Industrial” from May of 2015 which gets into detail about the current state of the art in 3D printing. It is a good primer if you are interested in the field. His deep knowledge as well as his enthusiasm make for a compelling presentation of a highly technical subject.
I enjoyed the conversation with Dan, which focused on the book I co-authored, America 3.0: Rebooting American Prosperity in the 21st Century-Why Americas Greatest Days Are Yet to Come. We touched on the larger theme of Conservative pessimism, and the need to have a future vision to inspire us and to be working toward. We also teased out the fact that a better future is not in any way inevitable, but it is achievable only if the people who want it make it happen. Our Progressive fellow citizens never forget this. We shouldn’t either.
Dan at one point jokingly said, I paraphrase: Can’t you just leave the Conservatives alone, and let them enjoy their hopelessness in peace?
We will all have a lot we need to do in the years ahead. Great days for America are coming, whatever the intervening trials. So, be happy.
It is always a pleasure to speak to Dan Proft, and I hope you will listen and find the conversation interesting as well.
This highlights an under-appreciated reality. You do not just need candidates with good values and good ideas. You do not just need candidates who can also win elections. You need these candidates to stay true to their commitments, which will impose a personal cost, once they are in office.
In our book, America 3.0: Rebooting American Prosperity in the 21st Century–Why America’s Greatest Days Are Yet to Come, we discuss the decline and dissolution of the economic and political institutions of industrial-era America, which we call America 2.0. We describe a different and better America 3.0 which we expect and hope will replace it. But as we make clear, this process will not be pleasant. The transition from agricultural to industrial America was hard. The change to a world dominated by emerging technology, post-industrial, networked America 3.0, will be every bit as hard, and will happen much faster.
America 3.0 is a long book, and we could not put everything into it.
One topic which we hope to write about more in the future is the steps that will have to be taken to make the transition. We got into some of this in the later chapters of the book, but there is a lot more that needs to researched and developed.
One area which we barely touched on, but which is critically important, is the personal character which will be called for from a generation which will in effect be a new “founding generation.” The old order will have many defenders, many of them with good motivations, many with not-so-good motives. There will be unrelenting efforts to prop up the world everyone is used to, and to crush any person, group or business trying to make serious innovations and necessary reforms.
As I said in my IOP post:
To really matter, to really do something, to really change the direction of our state, means that there will be hardship, rejection, unpopularity, vilification, rejection of material benefits, making people mad by refusing to do what “everybody does,” attacks by the people who benefit from the status quo, not many pats on the back, and incomprehension even from good people.
The committed reformer has to be willing to go up against all that.
What is the reformer’s motivation, then?
If it is not money, prestige, popularity, an easy life, what is it?
Faith is part of it. Patriotism is part of it. Moral principles are part of it. A sense of duty is part of it. Gratitude for what we have been given is part of it. A commitment to a better future for ourselves, our families, and our children is part of it.
A hopeful vision of how things could be, should be, must be, will be better if we change course in Illinois, that is also part of it.
Substitute “America” for “Illinois” and it still works.
This challenge is going to require a lot of effort, from a lot of people. We need to be realists about that. But we must not be cynical. With a hopeful and realistic picture of the future to inspire us, there will be enough people, enough talent, enough drive, enough fortitude, to build America 3.0.
Quote of the day, from Jeff Carter’s Points and Figures blog, a post entitled “Disrupting Government”:
Tech initially toppled major corporations. Motorola and Kodak are shells of themselves. Now, technology has the opportunity to eliminate wide swaths of government and all the cronies, cartels, employees and economic imbalances that come with them. As a society, we shouldn’t fight that. We should embrace it. Automation of government will make things cheaper for taxpayers. Elimination of old fashioned out of step government will make things better for society.
And the “Disrupting Government” post is a very “America 3.0” view of the future, which I heartily share and endorse.
But that is not the only reason I like his stuff. Jeff is a former floor trader, angel investor involved in the start-up scene in Chicago, and all around astute, sensible and articulate observer of politics, business and the economy.
And of course we heartily agree that all of the campaigns should heed our sage analysis, policy proposals, historical acumen, and hopeful vision of America’s future!
There are times of big changes. It is time to think big The problems we face are big. And the opportunities coming our way for a better America are even bigger.
Glenn wrote the introduction to America 3.0, and his own writing is highly congruent with ours.
For example, we strongly commend Glenn’s new book The Education Apocalypse: How It Happened and How to Survive It. Note the — literally — apocalyptic title. Many people are drawn to the idea that the world is ending. But the title is a little out of sync with Glenn’s message, which not only talk about the problems of education, but some of the great opportunities for positive change which are within our grasp.
We need more of that kind of thinking. The current politico-economic regime is indeed coming to an end. Hopefully that end will not be too apocalyptic. (As an aside, can there be degrees of … apocalypticness?) We need to be thinking about getting through the transition and laying the foundation for the better America to come.
The next administration will be a critical one, with many hazards, and many important opportunities.
“Among the 15 speakers are included Hon. John Howard, AC former prime minister of Australia, Hon. Rodney Hide, former New Zealand Minister of Local Government, Associate Minister of Commerce and Minister of Regulatory Reform; Hon. Daniel Hannan, UK Member of the European Parliament, representing South East England for the Conservative Party and internationally renown author James C. Bennett, entrepreneur and author of The Anglosphere Challenge (2007) and America 3.0: Rebooting American Prosperity in the 21st Century (2013). “
One of my Conservative activist friends was getting depressed, so I rattled off the following. (I hope I am right.)
Reagan used to tell jokes about how Communism didn’t work. Reagan understood that stupidity ultimately destroys itself. All the people around him assumed the evil would last forever. Hardcore Conservatives, like me, thought he was naive. Turns out we were naive. The modern welfare state really got started in the 1960s. It lasted about two generations and it is totally dysfunctional. The first Conservative movement gave us Reagan, who did some good but did not reverse the trends. The new reform movement has barely gotten started. But this movement looks to be broader and deeper than the first Conservative movement. The Tea Party started around the turn of the year 2008/09. That is 5.5 years. Major reform movements usually take a generation to start winning lots of elections. The GOP has just taken over more elected offices than any time since the 1920s, and the reformers are driving it, and the RINOs have to at least talk the talk or they can’t get elected. We are moving along very well. We are in the process of taking over the GOP, and in the process of taking over the government. I thought Obamacare would be embedded and unmovable by now, and it would take us decades to dismantle it. It may go much better and quicker than that. People on the Right have lots of competing ideas of what to do. The internal conflicts are a sign of vitality. The Democrats have NO IDEAS. Zero. All they do is attack and lie and say their opponents are racists. That’s it. That is all the cards they are holding. They nakedly abuse power to insulate themselves. They cannot tell the truth about who they are or what they want to do or they will lose. They are like the Soviet Communists under Brezhnev. Hillary even looks like an old, corrupt, smug Communist bloc apparatchik. Their day is over and they are clinging to power. The worst menace is crony capitalism, but even there people are increasingly aware of the problem and starting to push back.
This is going to be a long struggle, and we will lose battles, and there will be betrayals, and people will get exhausted and give up.
The event was well-attended. I attribute this in part to the drawing power of the free buffet of Indian food, and not exclusively to the appeal of the speaker. The students were attentive and asked good questions. I understand that audio of the talk will be available at some point. I will post a link when it is available.
My topic was “America 3.0 and the Future of the Legal Profession”.
Posted by Lexington Green on 29th January 2015 (All posts by Lexington Green)
The battle of ideas is a long war. Where would education reform be if Milton Friedman hadn’t started fighting for school choice back in 1955, just because everyone thought he was nuts? Where would we be if Ronald Coase had given up on his idea to auction off radio spectrum, when he was asked in 1959 by the FCC commissioner if his proposal was a joke? Where would we be if Friedrich Hayek and a few other free-market advocates hadn’t met in Switzerland to launch the Mont Pelerin Society in 1947 in order to fight for freedom at a time when all seemed lost?
The fight can only be won by engaging in the battle of ideas now. It cannot be won by those who compromise from the get-go just to stay in power.
Matt is talking about the newly elected reform-minded Republicans in Springfield, Illinois.
They are currently a minority within a minority. That is a start. It’s a beachhead.
It took decades to wreck Illinois. It will take a long time to turn it around. There is no quick fix.
There is a danger that people elected with great aspirations will get coopted, lose their way, forget what they wanted to do when they got involved in politics.
So, to our political leaders: Ask yourself why you ran for office. Know your own values and principles. State them. Lead with them. Apply your principles at every decision point. Knowing exactly who you are and who you represent will allow you to lead with a clear vision and strong voice on any issue.
To be elected as a reform politician at this critical time cannot be about a cozy job, or even an assuredly steady job.
It is — it must be — about changing our state and our country for the better.
It is about confronting serious opposition to make that happen. That opposition offers the allure of various “carrots”, and wields the threat of various “sticks”, to try to compel assent to the current, supposedly “normal” state of affairs. We need leaders who disdain the carrots, don’t flinch from the sticks, and who do not forget why they sought and won office.
Our politicians need an internal compass, as Matt calls for here.
And they need external accountability, as Matt also calls for in this article.
Also, when they do the right thing, they need approbation and encouragement.
We can all help, especially with the latter.
This is a protracted struggle. Be prepared for the long slog.
HB: Drones. You had this amazing “commercial” on “60 Minutes” last year, about this fantastic future when drones are going to fly out and bring me my package, and it’s going to be right there. Immediately, everybody in the country, and probably around the world, was saying, “Great — when?”
JB: That’s a difficult question to answer. Technology is not going to be the long pole. The long pole is going to be regulatory. I just went and met with the primary team and saw the 10th- or 11th-generation drone flying around in the cage. It’s truly remarkable. It’s not just the physical airframe and electric motors and so on. The most interesting part of this is the autopilot and the guidance and control and the machine vision systems that make it all work. As for when, though, that is very difficult to predict. I’d bet you the ratio of lawyers to engineers on the primary team is probably the highest at Amazon.
HB: Is this a situation where everyone else in the world except Americans is going to get drone deliveries?
JB: I think it is sad but possible that the US could be late. It’s highly likely that other countries will do it first. I may be too skeptical. I hope I’m wrong.
It is too bad that the USA is likely to be slow moving in making this — and many other types of new technology — available to the public.
We are going to need entrepreneur and activists and, yes, even lawyers, who are committed to making new technology available to the American people, with the inevitable disruption of existing relationships and expectations.
Getting to a better America is possible, but nothing is inevitable.
There will be many struggles along the way to America 3.0.
Hannan notes that conservatives almost want to believe that there is no hope in the future, that we have seen the best times and they are behind us. But he disagrees.
But my friends we are at our most persuasive, and at our most electorally successful, when as Ronald Reagan did in this country, as Margaret Thatcher did in mine, when we imbue our message with a little breath of warmth, a little hint of optimism, a promise that the best lies ahead.
Things do get better, provided that you have trade and exchange, and that you release the genius of a free people, things will get better at an accelerating rate
We make a similar point in America 3.0, which has the subtitle, “Why America’s Greatest Days are Yet to Come.”
Posted by Lexington Green on 6th November 2014 (All posts by Lexington Green)
Senator Mike Lee has the best article yet about what the new, GOP-majority congress ought to do. It is entitled “Five Steps To Restore Trust, Transparency, And Empowerment.” Please RTWT.
Senator Lee makes several observations which are highly consistent with the picture Jim Bennett and I painted in America 3.0.
America’s health care, energy, higher education, telecommunications, security, and criminal justice needs (to name just a few) appear to be in the midst of transitions, nearing tipping points that will help define our nation in decades to come.
Most systems we use to provide government services were designed decades ago, before the tech and telecom revolutions that have changed the way Americans do almost everything else. In 20 years, will we need, say, a Government Printing Office or Internal Revenue Service in anything like their current forms? If disruptive innovations continue to personalize and localize the economy, will centralized, monolithic bureaucracies be the right instruments to regulate it? Or is government just as badly in need of some disruptive innovations that would enable market forces, public desires, and longstanding constitutional principles to once again show us the way and make our institutions more accountable?
… we know that our society and our economy have rocketed out in front of our government, and that the bureaucracy in its current form is unlikely ever to catch up.
Everything about American life today is becoming more decentralized, open-source, localized and personalized. Everything, that is, except government. An increasingly customizable economy and diverse social networks of mini-communities will not long tolerate the innate incompetence of clumsy, self-serving, Big Government.
Let Congress operate less like a nineteenth-century industrial mill, and more like a twenty-first-century open-source network.
In today’s world, individual and community empowerment are strengths for organizations who know how to use them.
This is all good stuff.
Yes, America is in the “midst of transitions”, and many sectors are indeed “nearing tipping points”.
Yes, America’s governmental legacy systems were designed before the contemporary “tech and telecom revolutions” occurred and should be fundamentally re-thought.
Yes, “disruptive innovations” will “continue to personalize and localize the economy” and this presents an opportunity to remake government in a more transparent and cost effective way.
Yes, the “bureaucracy in its current form” is doomed to fall behind the revolutionary pace being set by the American people and the innovations they are creating, which is making “everything about American life … more decentralized, open-source, localized and personalized.”
Yes, the old system has to be replaced, to become compatible with an “increasingly customizable economy and diverse social networks of mini-communities.” (That last phrase, a “diverse social networks of mini-communities” is particularly nice.)
Yes, Congress itself has to change from an America 2.0 model, ” a nineteenth-century industrial mill”, and move into America 3.0 as “a twenty-first-century open-source network.” (That will be cool, actually. It can be done.)
Senator Lee is being a visionary realist, the best kind.
Let’s hope his approach will be adopted by the incoming GOP Congress.
Remember: America’s greatest days are yet to come!
The topic of discussion was the upcoming election. One theme was the concern that Bruce Rauner may end up losing to Pat Quinn, despite Quinn being an unmitigated disaster. Polls show Rauner slightly ahead, but the trends are bad. Rauner has not yet closed the deal with Illinois voters, who are upset and concerned about the direction the state is going, but who are not yet convinced that Rauner is the guy who can fix the problems. I hope Rauner manages to make that connection with voters before election day.
One friend said that Alibaba was going to allow Chinese manufacturers to somehow overrun the USA. But if you go on their site, you see that firms from anywhere in the world can become verified supplier members.
More importantly, the rise of B2B direct contact on this scale is a genie that is now out of the bottle.
How much would I pay to have the item I want delivered to me rather than have to drive miles to the Superstore? if I add up the maintenance costs, fuel and other expenses of operating my car, and the time wasted in traffic, standing in line, etc., how much cheaper is the Superstore price?
How much would I pay to direct my money went to a local worker/shop owner I know and trust rather than to some supplier in a distant city?
These are questions that arise as a consequence of the digitization of the global/local supply chain in the peer-to-peer model. Just as we have reached Peak Central Planning and Peak Central Banking, we may have reached Peak Centralization not just in government and finance but in the corporate-cartel model of “low quality at high margins.”
The centralization represented by Walmart may be past its peak.
Alibaba’s recent IPO, which was almost certainly over-hyped, should not distract us from the importance of the underlying model, or from speculating about what its long term impact may be.