Gongol.com Archives: January 2016
January 19, 2016
Exactly nobody believes that China's economy can keep going like it has been
Fun while it lasted, the economic boom in China simply hasn't been designed to remain durable. The government still interferes far too much -- and the costs of failing to provide political freedom alongside (limited) economic freedom have been building. China hasn't been centrally planning its economy in a conventional sense, but with state ownership of enormous shares of the nation's total enterprises, it's a distinction without much of a difference. And when the real costs of holding back on political reform come due (and they will), things are going to get interesting in a hurry. Keep a close eye on developments like the political climate in Taiwan, where economic disappointment seems to have been translated into support for the pro-independence party. The mainland/Taiwanese rift has been a source of friction for a long time, but if the good times are no longer rolling, then that friction may turn into a spark. And Taiwan isn't the only place that it may become politically and economically costly for Beijing.
Federal spending is growing faster than revenues
It's fine to run a deficit if it's smaller than the rate of growth in the economy. That's not the case here and now.
Terrorism that happens in Africa is still terrorism
Too little has been said about the attack by Al Qaeda on a hotel in Burkina Faso, relative to what would have been said had the same attack taken place in Tokyo or Berlin or Cleveland.
Norway looks to a post-oil economy
Blessed with a resource bonanza, Norway was fortunate not to become entirely dependent upon it...which is a good thing, because current oil prices mean there isn't much kick left in the chili.
Technology doesn't always make things better for developing countries
If the have/have-not gap is expanded by uneven access to communications technology, then the Internet might inadvertently make things tougher for people in some places
Yahoo Mail fixes cross-site scripting bug
An example of a security risk that consumers can't do anything about
