Comments on: Foreign Policy Global Thinker: Daron Acemoglu http://blogs.reuters.com/chrystia-freeland/2010/12/01/foreign-policy-global-thinker-daron-acemoglu/ Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ARJTurgot2 http://blogs.reuters.com/chrystia-freeland/2010/12/01/foreign-policy-global-thinker-daron-acemoglu/#comment-703 Mon, 06 Dec 2010 00:31:01 +0000 http://blogs.reuters.com/chrystia-freeland/?p=559#comment-703 Historically Chinese culture has proven itself to be far more resilient than adaptive. I found the observation on their preference for training engineers to be very revealing; Engineers are trained to avoid risk.

Efficiency comes with a corresponding cost in terms of flexibility. Forgotten now, but in the early ’90s places like Bell Labs were forcing their employees to attend lectures on Japanese manufacturing process management and on our need to embrace Japanese management thinking. I was a major pain to the lecturers there, because I brought up a lesson from WW II.

The naval architectures of the U.S. and Japan had enormous impact on the results; it wasn’t all our ability to make ships faster or our deployment of radar, we were winning when Japan still had considerable numerical superiority.

The Japanese made highly efficient ships, faster and better armed than ours, but with primitive to brutal living conditions for the crews. Ours placed a far higher emphasis on crew comfort. In part that was because both sides thought they would eventually fight the decisive battles in the Philippine Sea, close to Japan, a long way from California.

In 1944 those battles happened, pretty much where both sides had always thought. But by then the Japanese crews, which had been living in cramped unhealthy conditions for over two years, were exhausted. One historian quoted the commander of the force that committed a catastrophic blunder in Leyte Gulf as having made the wrong decision because he and his staff were simply experiencing mental exhaustion.

Japan never thought that their ships would be at sea for so long. China seems to think they will never face an economic slow-down. What happens when 100 million little emperors get a pink slip?

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By: Mott http://blogs.reuters.com/chrystia-freeland/2010/12/01/foreign-policy-global-thinker-daron-acemoglu/#comment-665 Thu, 02 Dec 2010 16:27:30 +0000 http://blogs.reuters.com/chrystia-freeland/?p=559#comment-665 Much of this economic analysis we fancy-ourselves boils down to time-proven plain common sense such as the following –

– free and unregulated democracy broods corruption in capitalism and leads to polarizing the nation

– this polization – a signature of developing nation, makes the voice of truth to be lost in the noise of immoral majority

– an individual in this environment is helped by technology infrastructure such as the internet, where truth becomes transparent and pervasive instantly (such as WikiLeaks in the recent example)

– this truth when accounted by the functional justice system to bringing accountability of the corrupt, will represent meaningful correction to this process ; (if the justice system itself is corrupt, then a prayer would be in order)

– temptation of cheap goods and convenience come at the expense of environment, health, jobs and conduct

An aware and practical living within means, warding off temptations of current time and doing actions of common-good will sustain you well in this world and beyond.

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By: fred5407 http://blogs.reuters.com/chrystia-freeland/2010/12/01/foreign-policy-global-thinker-daron-acemoglu/#comment-664 Thu, 02 Dec 2010 16:15:42 +0000 http://blogs.reuters.com/chrystia-freeland/?p=559#comment-664 I think that when you are choosing ivory tower people and not real world people who work and sign paychecks you get just what you pay for. Lots of ideas from books, lectures, studies, and just ideas. We need more down to the ground people and less air heads.

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By: hariknaidu http://blogs.reuters.com/chrystia-freeland/2010/12/01/foreign-policy-global-thinker-daron-acemoglu/#comment-659 Thu, 02 Dec 2010 11:39:36 +0000 http://blogs.reuters.com/chrystia-freeland/?p=559#comment-659 FP list is a real dinger…because it reflects more on FPs insular (American)outlook than what globalization means i n emerging markets. If same list was produced, for example, in Sweden or Netherlands, there is good possibility that more than half of the List would more or less disappear. Insularity is the *new normal* for American thinking…reflecting the decline and fall of the Great Satan.

I don’t agree with Acemoglu’s views on mainland China and its relative relevance to moderanization – based on the Politburo – he can’t stomach Chinese definition of democratic socialism.

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