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Friday, August 2, 2013

GLASNOST and Perestroika? The Paul Krugman Blog - CHAOS LOOMS





Ron, do you remember that remark about the wall ...

GLASNOST and Perestroika? The Paul Krugman Blog - CHAOS LOOMS

The biggest issue. - Paul Krugman, August 1,2013 


One wonders if Americans could actually learn something from the Russians and turn their minds to revitalizing a structure that was designed more than 230 years ago and for which there is growing evidence that it is simply running out of gas - needing a solid update to better reflect the practical needs of the times.

Sadly, China (the competition?) is almost looking to be a structural role model for efficiency of governance and business. At the very least it has conceptual strengths that could be stolen to build better "Comparative Advantages".  A better mousetrap? Centralist approaches and devices such as "A National Business Strategy, Strategic Business Board or Sovereign Funds" seemly have value, that could be studied for application - and who cares what we call its political origins, when it cures a potentially terminal disease?

So welcoming a home-grown “Glasnost" and even combining the morale cleansing of "Perestroika are ideas, suitably re-branded for local markets , that could bring about NOTIONS for remedies and plans to overcome the growing "competitive disadvantage" of stuttering random-walk governance

There are plenty of good folks around to move the ball forward; Mr. Krugman and Mr. Chomsky are top of mind; who could lend a valued hand. Then there is this other experienced chap named Gorby, who may welcome a call for guidance. Imagine that!

Oh well, no harm in wondering...

T. A. McNeil
First Financial Insights

August 1, 2013


WHAT WOULD THEY THINK TODAY?

Tom, what if we call this idea something like Glasnost?