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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
IYI routinely fails to make a distinction between an institution (say formal university setting and credentialization) and what its true aim is (knowledge, rigor in reasoning) –I’ve even seen a French academic arguing against a mathematician who had great (and useful) contributions because the former “didn’t go to a good school” when he was eighteen or so.
The Intellectual Yet Idiot
Nassim Nicholas Taleb
Reality brands each of us with its indelible mark. Every era puts invisible shackles on those who have lived through it, and I can only dance in my chains. In science fiction, humanity is often described as a collective. In this book, a man named “humanity” confronts a disaster, and everything he demonstrates in the face of existence and annihilation undoubtedly has sources in the reality that I experienced. The wonder of science fiction is that it can, when given certain hypothetical world settings, turn what in our reality is evil and dark into what is righteous and bright, and vice versa. This book and its two sequels try to do just that, but no matter how reality is twisted by imagination, it ultimately remains there.
The Three-Body Problem
Cixin Liu and Ken Liu
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