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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
“In the end, winning is sleeping better.” —Jodie Foster
Tools of Titans
Timothy Ferriss
All modern attempts to stabilise the sociopolitical order have had no choice but to rely on either of two unscientific methods: Take a scientific theory, and in opposition to common scientific practices, declare that it is a final and absolute truth. This was the method used by Nazis (who claimed that their racial policies were the corollaries of biological facts) and Communists (who claimed that Marx and Lenin had divined absolute economic truths that could never be refuted). Leave science out of it and live in accordance with a non-scientific absolute truth. This has been the strategy of liberal humanism, which is built on a dogmatic belief in the unique worth and rights of human beings – a doctrine which has embarrassingly little in common with the scientific study of Homo sapiens. But that shouldn’t surprise us. Even science itself has to rely on religious and ideological beliefs to justify and finance its research.
Sapiens
Yuval Noah Harari
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