Ruling a banana republic does not require special qualifications
Item: Captain John Wright, 58, is retiring as a senior pilot. He has had a distinguished flying career with 35 years of sitting in the left hand seat in the cockpit, much of it of heavies like the Boeing 747s and Airbus 340s. But it’s time that he hangs up his wings and retires from a job well done. Bluesky Air, the airline that Captain Wright served so competently, has announced that on Capt Wright’s retirement next month, his seat will be occupied by his son Jack. Jack will move from his job as a janitor at Burger King to be the chief pilot at Bluesky Air. He will fly the planes that his father flew.
Continue reading “Leadership through inheritance is a compelling sign of a poor or a declining nation”
This is a follow up to my previous post (“
Money does grow on trees. Quite a bit of it is printed on stuff that is grown — wood cellulose & cotton. But money is not wealth. It is easy to confuse money with wealth but they are not the same. Governments create fiat money but that does not mean that governments create wealth. People through their effort create wealth. The government merely takes some of that wealth and uses it for various purposes, only some of which are defensible and some are not.
India is not doomed to be poor due to factors outside its control. Yet India is desperately, depressingly, chronically, and acutely poor. Why is that so and what is missing? I explore this question in this piece which is part 2 of a series I am writing for NitiCentral.com. Part 1 was “