Join 📚 Hadar's Highlights
A batch of the best highlights from what Hadar's read, .
Finally, interventions in the financial sector to focus capital on intensive, small-scale agriculture and on manufacturing development provide the third key to accelerated economic transformation. The state’s role is to keep money targeted at a development strategy that produces the fastest possible technological learning, and hence the promise of high future profits, rather than on short-term returns and individual consumption.
How Asia Works
Joe Studwell
The reason why the sun’s motion seems patternless is because our world has three suns. Under the influence of their mutually perturbing gravitational attraction, their movements are unpredictable—the three-body problem. When our planet revolves around one of the suns in a stable orbit, that’s a Stable Era. When one or more of the other suns move within a certain distance, their gravitational pull will snatch the planet away from the sun it’s orbiting, causing it to wander unstably through the gravitational fields of the three suns. That’s a Chaotic Era. After an uncertain amount of time, our planet is once again pulled into a temporary orbit and another Stable Era begins. This is a football game at the scale of the universe. The players are the three suns, and our planet is the football.” A few hollow laughs rang out in the Great Hall. “Burn him to death,” the pope said impassively. The two soldiers standing at the door in rusty armor started toward Wang like two clumsy robots.
The Three-Body Problem
Cixin Liu and Ken Liu
Japan, Korea, Taiwan and China perfected ways to marry subsidies and protection for manufacturers – so as to nurture their development – with competition and ‘export discipline’, which forced them to sell their products internationally and thereby become globally competitive. This overcame the traditional problem with subsidy and protection policies, whereby entrepreneurs pocketed financial incentives but failed to do the hard work of producing competitive products.
How Asia Works
Joe Studwell
...catch up on these, and many more highlights
Readwise