Currently browsing category

Politics, Page 3

How complex systems fail, or the curious Brexit paralysis

After losing the Brexit vote, prime minister Cameron resigned. That sounds reasonable: he lost and so he resigned. But did you notice that nobody, absolutely nobody, wants to become the next prime minister? Not even senior politicians like Boris Johnson that campaigned in favor of Leave and wanted to be PM for a long time?…

“World After Capital” Summary

When a Venture Capitalist writes a book "World after Capital", it might be worth paying attention. If he happens to be a partner at Union Square Ventures in New York, you know it's going to be good. Here are my notes about his draft book which is available for under a Creative Commons License in…

Why Varoufakis’ “Democracy In Europe Movement” (Diem 25) Matters

Earlier today, former Greek finance minister, economics professor and self-described "erratic Marxist" Yanis Varoufakis launched his long-awaited new political movement in Berlin, Germany. It calls itself "Democracy in Europe Movement", aka Diem 25. This is rather significant, and I get to why in a second. But first I want to talk about why it looks…

And just like that, the first big thing broke (Europe)

61% No in Greece. That wasn't supposed to happen. But it has, and now we are in uncharted territory. Some random observations: Syriza has just effectively won an election with 60%+ of the vote. The strategy of waiting for a different government going back to business as usual, as some in Europe have done, has…

(Greek) CFO vs (European) Accountants

Ever wondered what the difference was between a Chief Financial Officer, and an accountant? The Greek tragedy (farce?) playing out in the 9th act has it on display, every day. The Europeans, and the IMF, by and large are saying: "Look, Greece, here is what you owe, so you can't spend on this, that and…