This issue argues that if a stable, prosperous and peaceful Pakistan is in the common interests of India, the world’s major powers and indeed the wider international community, then it is incumbent upon them to engage in a MacArthur-like intervention to transform Pakistan. Merely providing more financial assistance, albeit under different budgetary heads, is unlikely to suffice. In fact, as our in-depth look at one of Pakistan’s biggest jihadi organisations suggests, the export of terrorism from the country is only likely to grow.
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The book, The Gridlock Economy, gets added to the growing pile of stuff to read.
Every so often an idea comes along that transforms our understanding of how the world works. Michael Heller has discovered a market dynamic that no one knew existed. Usually, private ownership creates wealth, but too much ownership has the opposite effect—it creates gridlock. When too many people own pieces of one thing, whether a physical or intellectual resource, cooperation breaks down, wealth disappears, and everybody loses. Heller’s paradox is at the center of The Gridlock Economy. Today’s leading edge of innovation—in high tech, biomedicine, music, film, real estate—requires the assembly of separately owned resources. But gridlock is blocking economic growth all along the wealth creation frontier.
And here’s Heller speaking at Google: