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Showing posts with the label globalisation

Abyss of economics

The world today is 281 trillion in debt to itself. There is no science more mysterious than that of money. What drives my enthusiasm for finance is its underlying devotion to mathematics, just like most of the pure sciences. This pride in being extremely logical and putting rationality before empirical bias is what makes it worthy of a Nobel (though not the original one). But its influence on daily life is enormous, a genuinely distinct feat in pure sciences. So let's delve into the unapparent philosophical side of the currency. 281 trillion is a significant amount. If everyone called on their cards, we would have a lost game of poker. In fact, we have such a bluff on the table that we can't risk calling it. It is horrifying that this accounting deficit makes no difference to the world. Has there ever been a scam this benign? Or do we need a piece of the puzzle? The latter seems rational. The reason for this debt is simple, sovereigns have printed more and more money over the y

The Gems on Coursera

I found myself in a rare situation this April. Had things stuck to their schedule, I would have completed my graduation curriculum and would have been ticking off any college goer's dream check-list, which did include a few travel and adventure. But, the situation as of 2020 has a different story to tell. With no end to this quarantine insight, the check-list became an impossibility.  So I took the Coursera COVID offer for colleges and started my odyssey to various areas of studies, my mechanical engineering syllabi had prevented me from. So without much ado, here are the "Gems" on the courses platform, each one must give a shot at.  Model Thinking This course gives an unusual approach to what we have accepted as complex socio-political phenomena. With simple logical and mathematical principle, Prof. Scott E. Page recreates results which have puzzled global leaders. He argues that this approach to reality is a must for all in this 21st century, and I could not agree mo

Working from Home

The service sector has embraced its long waiting armour, "work from home". As tech-powered solutions to avoid social gatherings continue to rise, I was concerned about the long-lasting ripples it might leave behind in the modern work culture. In fact, there could be other changes that this phenomena of working from home might trigger. The push for using technology to create a virtual presence rather than a physical one was booming over the past few years thanks to better communication architecture. The coronavirus pandemic, only served to coerce it. But there is hardly any way of getting back from this. Infact, its better in two aspects one that if something could be done more comfortably from home there is apparently no point in forcing a culture. In fact, large corporates like google were actively working to make employees feel home at their offices. Now they have to feel official at their homes. Which can be done by simply having a soundproof conferencing room (or may

The times of peace

The unusual thing about peace is that its true worth is realised only in times of war. As the horrors of the wars begin to fade away from the memoirs, people begin to actively devalue the efforts for peace. this is the true challenge to peace to convince people that war is the worst option. A look at the list of non-fiction booker prize for the last two decades shows a shift from topics of history to that of health and ecology. this brings up an important question. the generation which was apart of the greatest wars ( the military world wars and the strategic cold war) have begun to recede away from the limelight. the modern writers chose to adorn the more sophisticated needs of survivals. A shift from human emotions of anger, revenge and hatred to that of care, concern and altruism. The results of wars, namely democracy and globalism, have begun to wear away as the great wars move deeper in history textbooks. "democracy survives on the virtues of the defeated". As long

War at the doors.

A powerful line from the character, Ra's al Ghul, in the Batman Begins; " With Gotham, we tried weapon of a new kind - Economics". The prowess of the tool called economics is perhaps unknown to most, even the best the field. Sometimes the Nobel memorial prize has been given to two directly conflicting theories, just to remind you how well we can measure the success of economics as a science.  So today, I would love to describe how is this tool being employed in modern warfare. Of the most significant consequence of globalisation, is the emergence of multi-national agglomerates and institutions. Since the barriers to trade and money flow (both technological and ideological) are being lifted off by the day, businesses have expanded beyond frontiers and developed a new sense of world identity. Although nationalism, is at its peak, there is a clear sense of transfer of control to businesses all over the world, as they have a say over one of the powerful resources of the