What the recent changes to Japanese defense mean in the context of a return to “normalcy.”
Yes, Bitcoin is what some call a deflationary currency. Because the system was designed to allow the creation of only a finite number of bitcoins, there will come a point where, as demand rises, the value of the currency will only go up (making the price of goods and services fall, hence the term deflation). And that could lead to hoarding on an even larger scale.
It’s about time that diplomacy adapted to modern times. Information is no longer privy only to embassies. Today, many private intelligence firms, think tanks, and NGOs have better access to quality sources than experienced diplomats do. And the idea that diplomats should exclusively represent their governments in other countries is now obsolete.
Xi’s prolonged attack on civil society—crackdowns, one right after the other—is only increasing the pressure in the country, and that is occurring while the tolerance of the population is decreasing.
The more intimate our relationship with the wired world, the greater the possibilities for harnessing data to make life better. And it is hard to argue that these changes will not be disruptive — that is, it will have a profound, widespread, and transformative impact on how we live and work. All told, the estimated economic value of these technologies is in the trillions of dollars.
It’s five years since the collapse of Lehman Brothers, on 15 September 2008. Since then, the legitimacy of capitalism as a way of organising society has been undermined; its promises of prosperity, social mobility and democracy have lost credibility. But there has been no radical change. The system has repeatedly come under fire, but it has survived. Part of the price for capitalism’s failures has been the end of some social advances previously wrested from it.
One of the impacts of the global recession is that it has compelled a number of countries to scale back their diplomatic representation overseas by closing some of their embassies. Faced with the economic and financial realities during economic downturns, governments often have little choice but to cut back on the spending that is involved in maintaining and operating embassies overseas.
The new leadership is taking positive action to ensure that ties between China and ASEAN countries are not hampered by territorial issues.
By 2025, the world will have almost 800 million people over the age of 65. About 556 million of them will be in developing countries, another 254 million in developed ones. On a global scale, Asia absorbs the majority, and it seems as though Latin America will have “only” about 70 million. These demographic forecasts are not exact, but they offer an idea about the magnitude of the challenge.