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Martin Luther King Day

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“[A] warless world, a better distribution of wealth, and a brotherhood that transcends race or color. This is the gospel that I will preach to the world.”    —Martin Luther King Jr. in a letter to Coretta Scott, July 1952 Yesterday we celebrated the life and, unfortunately, the violent death of Martin Luther King, Jr.  What we seem to have forgotten is the vision he had of a better  America .  Dr. King’s larger vision was an  America  free from the scourges of racism, violence and poverty.  He realized that the means to this end were just as important as the ends.  They were the opposites – nonviolence, solidarity, and an appeal to all Americans to believe in the political ideals and moral values on which this country was founded. Like another great American at a time of national crisis, Dr King appealed to “the better angels of our nature.”  And in some ways, this has happened.  We are a more tolerant society than we were in 1968....
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List of Posts By Topic

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FIND POSTS BY CATEGORY The Beginning of the Industrial Revolution The theme of the following four sections of the blog is that innovation, not price competition, is the basis for understanding economic growth, competition, and analysis. Basic Concepts and Theory Market Behavior and Structure Market Dynamics and Information:  How Markets Work Economic Theory and Markets Corporate Strategies There is beginning a historic change in future populations and their demographics. This will interact with other variables and have a serious, maybe profound, effect on future economic growth. Demographics and Economics China Geopolitics and the Global Economy American Economic History Management The world seems to be in the midst of radical political and social change. Where are we going? Can studying past periods and countries facing disrupting change help us navigate our times? Maybe. History American History World War I:  The Beginning of the 20th Century The Roman Republic and Amer...
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China’s Development Strategy

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  New Chinese Nuclear Power Plant   Development of new technology is the key strategy for domestic economic growth and increasing exports. China leads the world in the production of EVs, batteries, solar panels, other renewable energy technologies, rare earth metals, robotics and automated production,  and  many other areas. They see global competition with the United States as much as a geoeconomic and technological struggle as a geopolitical competition.   While exports continue to be a part of China's development and growth strategy, two other past strategies are less important now. Domestic investment in housing and construction was an important driver of growth in the past. Housing construction has fallen. Now, digital services generates more revenue. Another past driver, foreign investment in China, has turned negative. In addition, exports to the United States has fallen from 22% of total exports in 2017 to 10% in 2024.  Chinese exports to the rest o...
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Future News: A Little RoboHumor

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  NEWS FROM CYBERSPACE Hi Ho Silver The robots’ favorite streaming video is Botman.   Humanoid robots win all the events at the 2040 Olympics.   To expand their fan base, major league baseball teams are allowed one humanoid robot per team. In the first season, a pitcher named Cyber Young wins 162 games. More humans aged 15-30 marry their AI companions than other humans. Carnival Cruise renames its largest cruise ship the Love Bot. The divorce rate among seniors due to adultery skyrockets, with humanoid caregivers named as the co-respondents. The legal phrase "alienation of affections" takes on a new meaning. The federal government raises new revenue by imposing fees on  autonomous vehicles, called robotaxes. A new, high-paying occupation is created, that of mechanics replacing joints on robots. Most of the mechanics are former orthopedic surgeons. Intel's directors, tired of Intel falling further and further behind Nvidia, fire Intel's entire top management. Man...
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