During the 2023 U.S.-China nuclear talks, America proposed missile-launch notifications, a nuclear crisis hotline, and processes to limit the use of outer space for military conflict. China declined all of those. Blame the U.S. if you wish (do we always keep our word?), but that is what happened. China also broke off meaningful arms control talks.
Because one can measure these things, one can monitor this debt dynamic happening, so it’s easy to see problems approaching. I’ve used this diagnostic process in my investing and I’ve kept it to myself, but I’m now explaining it in detail in How Countries Go Broke: The Big Cycle because it is too important to keep to myself.
Sure, they they like the abstract term of security, but in all practical terms, they updated. I broke something they depended on. I made things slower and I made things more difficult to update.
Ahamed, the banker and investment manager whose previous book Lords of Finance: The Bankers Who Broke the World covered the crash of 1929, writes well.
Rule number five, a rule that Britain broke at great cost in World War I. Do not take on the enemy main force directly. You certainly do not do that as an opening move.
But the thing I was careful not to do was to change the lifestyle because I I watched people around me change the lifestyle so you can make a lot of money and still be broke.
I’ve grown to like Space Bar - it provides desktop workspaces akin to those in Sway/Hyprland which enabled me to use the muscle memory I’d developed over years.
Whereas something like Microsoft, they made VS Code as a loss leader. Copilot's probably operating on a loss leader. These things are all getting you so tied into, GitHub, remote workspaces, CI, Copilot, you become this trapped in permanent person and if that price rises, the switching cost is so great at some point that you'll never be able to switch.
A korrent is a belief a person has stated in their own words: one
sentence stating the claim, backed by a quote and a source, kept at
korrents.com.
Under a name here, the quoted block is what they actually said.
The korrent beneath it is the claim those words support, in
korrents' wording — tap it to see the record, its source, and who
else holds it.
Nobody here wrote their own korrents. They are compiled from public
statements, and a person can change their mind, which is recorded too.
About the English under a post
Some people here publish in a language other than English. Where they
do, this site shows a machine translation beneath the post, in
this typeface — the site's own, not theirs.
The post itself is never changed, moved or hidden: what is set in the
serif above is exactly what the person published, and it is what to
quote them on. A translation can be wrong in ways that matter,
especially about tone.
Only the post's own words are translated. A quoted post, a linked
article and a belief on korrents.com
are left in their original language.