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North-east Asian politicians then improved their industrial policy returns through a second intervention – culling those firms which did not measure up. This might have meant a forced merger with a more successful firm, the withdrawal of capital by a state-directed financial system, withholding – or threatening to withhold – production licences, or even the ultimate capitalist sanction, bankruptcy. Since the 1970s, there has been much talk about state industrial policy in western countries being an attempt to ‘pick winners’ among firms, something that most people would agree is extremely difficult. But this term does not describe what happened in successful developing states in east Asia.5 In Japan, Korea, Taiwan and China, the state did not so much pick winners as weed out losers.
How Asia Works
Joe Studwell
A third survey of 400 skeletons from various pre-agricultural sites in the Danube Valley found evidence of violence on eighteen skeletons. Eighteen out of 400 may not sound like a lot, but it’s actually a very high percentage. If all eighteen indeed died violently, it means that about 4.5 per cent of deaths in the ancient Danube Valley were caused by human violence. Today, the global average is only 1.5 per cent, taking war and crime together. During the twentieth century, only 5 per cent of human deaths resulted from human violence – and this in a century that saw the bloodiest wars and most massive genocides in history. If this revelation is typical, the ancient Danube Valley was as violent as the twentieth century.*
Sapiens
Yuval Noah Harari
To colour all empires black and to disavow all imperial legacies is to reject most of human culture. Imperial elites used the profits of conquest to finance not only armies and forts but also philosophy, art, justice and charity. A significant proportion of humanity’s cultural achievements owe their existence to the exploitation of conquered populations.
Sapiens
Yuval Noah Harari
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