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.
Perfection is often the outcome of fortuitous circumstance – not necessarily of a carefully traced design process. That’s how a West Sussex precision engineering company ended up as the manufacturer of the world’s best tonearms – the mechanical contraption that guides the cartridge over a vinyl record. Formed in 1946...
Whenever a brand becomes so ubiquitous that its name is turned into both a verb and noun, competitors cringe and turn blue with envy. And well they may: in business since 1926, Tannoy – manufacturer of loudspeakers – admits little to no competition. For decades on end, the company’s public...
One of the three Kings of the Blues Guitar alongside Albert King and Freddie King, BB King was born under a good sign on a Mississippi cotton plantation in 1925. Riley B King (1925-2015) acquired a taste for music in church and launched his career in local barrelhouses and on...
The news of its death was greatly exaggerated. Sales of vinyl records are spinning through the roof. According to Nielsen – an American company that monitors global media usage – sales of records are on track to exceed six million in 2014, up fully forty percent over 2013 – the year in which digital music sales, peddled by the likes of iTunes, took its first dip ever, sliding 5.7%. The only media segment growing at a higher rate than vinyl is on-demand streaming (up 42%).
Perhaps one of the last non-cynical world leaders, Woodrow Wilson just couldn’t be bothered with lofty philosophical musings about the nature of government – Plato and Aristotle were lost on him. The 28th US president didn’t need the classical world to tell right from wrong.
The embarrassment of riches is mostly lost on today’s billionaires. The phrase was originally coined by British historian Simon Schama to denote public morals in the 17th century Dutch Republic. While the rich were widely admired for their accomplishments, any public display of wealth met with sharp disapproval. This Calvinistic take on the behavioural responsibilities of the well-heeled has been replaced by shameless voyeurism in which the have-nots drown their own misery gaping at the profligate haves as they play with expensive toys and dwell in palatial mansions whilst showcasing both material excess and intellectual dearth.
Driven by nostalgia for times that never were, victimised by foes that never existed, and waiting for an enlightened leader who never arrives: most political thinkers of Latin America have perfected the art of the blame game. The continent’s permanent state of underdevelopment is everyone’s fault – from ignorant colonial powers to arrogant Yankees and heartless capitalists.
A self-described creative Marxist, Samir Amin (84) is a French-Egyptian economist who lives in Senegal and firmly believes that world capitalism – defined as the rule of oligopolies based in rich countries – maintains its power through five monopolies: technology, natural resources, finance, global media, and red buttons.
The Magic Mountain by Thomas Mann (Vintage Classics – 752pp – £11.25 – ISBN: 978-0-7493-8642-9) For all its potential as a canvas for the display of human suffering, sick-lit never quite made it as a genre. In her 1926 essay On Being Ill, Virginia Woolf expressed dismay at the near-universal...
Private Island: Why Britain Now Belongs to Someone Else by James Meek (Verso Books – 238pp – £8.55 – ISBN 978-1-7847-8206-1) It remains somewhat of a mystery how Chancellor of the Exchequer George Osborne manages the UK government’s financial affairs. Presiding over a buoyant economy, planning the biggest privatisation exercise...
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