Expanding the Legacy
Expanding the Legacy
More than technology, Silicon Valley produces hype. It is forever on the cusp of a major breakthrough, needing only a bit more cash for the magic to happen. In the 1990s it was the dot-com boom; in the 2000s nanotechnology; and in the 2010s blockchain and its crypto derivatives. All these hypes promised deliverance from some affliction suffered by mankind and usher in an era of peace, prosperity, and general wellbeing. The paperless office and global village came and went, as did the miraculous nanotech materials and all the pyramids that touched the heavens unlocking vast wealth to believers. More often than not, Silicon Valley offered solutions in search of a problem.
It remains an enduring mystery why about half of American voters idolise a convicted felon, philanderer, pathological liar, and failed businessman. Liberals struggle to comprehend the mood in the mythical ‘American heartland’ - more of a cultural entity than a landmass and usually defined as comprising the twelve landlocked states of the Midwest plus eastern portions of the Mountain States and bits of the Southern States up to West Virginia, Kentucky, and Tennessee. Urbanite liberals cannot make sense of the apparent disconnect between the well-documented misconduct of Donald Trump and the traditional ethical values espoused with great devotion by heartland conservatives.
If it’s not Ukraine, it’s Gaza or Lebanon. Thankfully, little rocket man is keeping quiet and China, at least for now, seems content to limit its threats to Taiwan to lowkey utterances of displeasure. Every week or so, there is disconcerting news on major belligerence unfolding somewhere: Russia creeping up in the Donbas; Ukraine advancing into Kursk Oblast, or Israel preparing for a ground war against Hizbollah. Poor secretary of state Antony Blinken. He shuttles all over to douse fires, cool down hotheads, warn foes, and manage recalcitrant allies - without much to show for it.
The job of venture capital (VC) fund managers involves making out with lots of frogs in the expectation that at least one of them turns into a prince. VC funds have enjoyed a great ride with a powerful business model that not only provided good returns but one with significant benefits to society as well. VC brings innovation and enables bright minds and lateral thinkers to prosper. Its absence is often mentioned to explain the dearth of tech champions in Europe. However, in the era of generative-ai capital is required on a much grander scale than VC can deliver.
Some people move so far beyond the pale and descend so deep into the unfathomable depths of surrealism that even the most gifted raconteur would have to accept the limits of his/her imagination and recognise the inadequacy of language to sketch and covey such departure from human sense and reason. Meet Mark Robinson. He’s the Republican Party’s nominee for the governorship of North Carolina and a self-proclaimed ‘evangelical christian’ who sports not only the obligatory stars-and-stripes pin on the lapel of his jacket, but also a cross which is now his to carry.
Turkeys do not usually vote for Christmas. Still, some people seem genuinely surprised and dismayed by the species’ instinct for self-preservation. Azerbaijan derives more than ninety percent of its export earnings from the sale of oil and natural gas. Each day, the country pumps about 750,000 barrels of oil and dumps 650,000 of them on the global market, bringing in close to $20 billion annually. In November, Azerbaijan is to host COP29, the annual gathering of some forty thousand jet-setting government officials, NGO delegates, and assorted camp followers such as staff, guests, reporters, and ‘parties overflow’, i.e. the merely curious who are allowed to nose around the conference premises as long as they do not partake in the proceedings.
The Republican campaign for the presidency is being shredded by an epic catfight between Trump groupies vying for the love and attention of their idol. Get the popcorn! Also: Kamala Harris Takes Advice from Chinese Sage and American Cheapskates Fail to Pay Up for Defence of Ukraine.
Whichever way US voters decide on election day, it’s the day after that causes most concern. A win by Donald Trump is unlikely to be contested by his opponents but promises to usher in a man who vowed to don the mantle of a dictator on his first day in office. Conversely, it is a foregone conclusion that a loss will be bitterly contested by Mr Trump.
It has all the trappings of a country - a government and parliament, army, courts, elections, passports, and a currency - but it doesn’t feature on any map other than as a terra incognita marked by a speculative broken line. However, this geographic entity has been in existence since 1991, yet the wider world stoically denies its existence. Somaliland seceded from greater Somalia in 1991 after that country’s dictator Mohamed Siad Barre, a major general who seized power in a 1969 coup, responded to local unrest by unleashing his army on the region and dismantling the economic and political power base of the Isaaq clan which had dominated the area since Medieval times.
The showdown between the two contenders for the US presidency produced only winners. Campaign staffers on both sides declared their candidate victorious. To gauge who actually came out ahead, it is telling that mere minutes after both debaters had finished their closing arguments, Democratic campaign leader Jen O’Malley Dillon released a statement saying that Kamala Harris is ready for a second debate next month and asking, rhetorically, if Donald Trump would be up for that. He is believed to mull the question.
MEGA: Make Europe Great Again. Mario Draghi knows how to do that. Yesterday, the former president of the European Central Bank (ECB) unveiled his report on the Old World’s many ailments and the cures het prescribes. Mr Draghi presented the study to Ursula von der Leyen, president of the European Commission which manages the affairs of the European and serves as its executive branch.
Once-upon-a-time it was believed that the prosperity generated by an economy was linked to the measure of freedom a society enjoyed. The belief held that liberal free societies would enjoy a greater growth in prosperity than those ruled by authoritarians. Then China came along and proved all that wrong: growth and affluence could be delivered by a totalitarian regime - and in spades.
US right-wing podcast host and social media influencer Darryl Cooper probably personifies all that can go wrong when a little bit of knowledge merges with scepticism unbound in a mind wrecked by paranoia and hell-bent on causing disruption.. In his own words, Mr Cooper likes to post “provocative shit” to see how close he can “step up” to various lines without crossing them. It turns out that the lines are fluid or even non-existent in Mr Cooper’s lucrative business model: he merrily keeps pushing the limits regardless the absurdity he steps into and onto.
Whilst you were not looking, a new regional superpower has emerged in Europe. Poland is determined to build the third-largest NATO army, eclipsing France, Germany, Italy, and the United Kingdom by a wide margin. Earlier this week, foreign minister Radoslaw Sikoski announced that Poland will immediately boost its defence expenditure, already amongst the highest in NATO, to a full five percent of its GDP. Mr Sikorski justified the increase by noting that the ‘Cold War peace’ has ended. Army chief of staff General Wieslaw Kukula echoed the sentiment: “We need to prepare, and be ready to fight, an all-out conflict.”
Luddites thrive on nostalgia and a fear of technological progress. However, before dismissing them as sentimental fools, it would be wise to consider a few of their more reasoned arguments, especially in light of the advent of artificial intelligence. To some, AI is but the latest iteration of the much touted ‘paperless office’, the big promise of the 1980s which never quite materialised. In fact, the world’s offices are inhabited by more paper shufflers than ever before.
The consensus amongst Putin whisperers in the United States and Europe is that the small man at the big table may be eventually be pacified once he sees and feels the folly of his misventure in Ukraine. In this reading of the Russian president, Vladimir Putin is but an opportunist, seizing the day and the moment (and land) whenever and wherever he can. By denying Mr Putin opportunity, so the narrative continues, he will eventually cease and desist since the price of war will have become too high or even unaffordable.
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