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Techno-nationalism is a mercantilist ideology linking technological innovation directly to national security, economic prosperity, and social stability. It involves governments prioritizing homegrown technology, restricting foreign technology access, and treating high-tech sectors (like semiconductors, AI) as vital national assets, often in a zero-sum competition.
Key Characteristics
In the world of business, where numbers often guide decisions, there's a fascinating principle called Goodhart's Law. Coined by British economist Charles Goodhart, this law states:
"When a measure becomes a target, it ceases to be a good measure."
Key Takeaways
"mental models are realities that when we encounter them for the first time surprise us... but when we incorporate them into how we make decisions, we'll start getting advantages versus other humans." - Mohnish Pabrai [00:01:01]
"you take a simple idea and you take it seriously... you have to go all in and if you don't go all in, then…
Read the entire article @ Colossus
"Any method for building a startup, once widely known, causes founders to converge on the same answers." - Jerry Neumann
"I shall not dare to think myself a true Naturalist till my skill can make my garden yield better herbs and flowers." - Robert Boyle
Image Source: VD
Adam Ferguson's Rule (or Ferguson's Law), posits that a great power ceases to be great when it spends more on interest payments for its public debt than on its national defense. It warns that mounting debt service diverts resources from defense, making the state vulnerable to collapse.
"States have endeavoured, in some…
The Roosevelt Corollary, established by President Theodore Roosevelt in 1904, acts as an extension of the Monroe Doctrine, which was initially articulated in 1823.
While the Monroe Doctrine prohibited European interference in the Western Hemisphere, the Roosevelt Corollary asserted that the United States would intervene in Latin America to prevent such interference.
This shift was prompted…
Jevon's Paradox is the counterintuitive idea that improvements in efficiency (in this case fuel) tend to increase, rather than decrease, overall use of that resource (in this case fuel).
In 1865, William Stanley Jevons, a British economist, observed that despite significant improvements in coal efficiency in steam engines, total coal consumption actually rose. Rather than saving fuel, efficiency made…
The “rally around the flag” effect is when there’s a short-term surge in voter approval as the nation unites behind its leader during a crisis or emergency situation.
Origin of “Rally Around the Flag”
Political scientist John Mueller described the phenomenon in a 1970 landmark paper called “Presidential Popularity from Truman to Johnson.” Mueller defined…