A country is ultimately just a group of people inhabiting a shared geography. But the prosperity of a country is not determined by its land, its history, or even the individual abilities of its people. It is determined by whether its subgroups can align around long-term national objectives, especially wealth creation. Wealth is created by… Continue reading How a Nation Becomes Rich: The case of India
Tag: Politics
The Financial Reckoning Is Coming
Since 2019, something quiet but profound changed in the global financial system. Foreign governments stopped buying U.S. debt at scale. For decades, the world absorbed America's borrowing habit, holding Treasuries as reserves. This allowed the U.S. to carry on with it's global and domestic agenda - project power, and maintain a lifestyle that was unsustainable… Continue reading The Financial Reckoning Is Coming
The Status Illusion: Why Affirmative Action Misunderstands the Problem
Throughout history, societies have addressed inequality by the use of various mechanisms. Among the most time-tested —and debated—tools is affirmative action: the preferential treatment of certain groups in education, employment, or politics in order to correct for historical setbacks. Variations of this exist everywhere—India’s reservation system, America’s race-conscious admissions, Malaysia’s Bumiputera policy, Brazil’s racial quotas.… Continue reading The Status Illusion: Why Affirmative Action Misunderstands the Problem
Yash Tambawala 