carpe annum

the idea is to be in a constant state of departure while always arriving

The REAL Golden Ticket

Wonka, Schmonka.

subway.gif

Behold the golden ticket of Subway. With this ticket, I can get 24″ of honey oat bread, meats, cheeses, fresh veggies, a soda and chips for a measly �4.80! Eat one footlong for lunch, save the second for dinner! What is �4.80 worth in London? Not much I’m afraid. Here is what it buys:

  • 6 bus rides
  • 3 tube rides
  • 5 avocados
  • 3 cups of tea at a cafe
  • 1.5 pints of beer
  • 1 kids admission to the movies
  • 1 cheap paperback book
  • 1 bicycle inner tube
  • 76,000 Indonesian Rupiahs

None of them can satisfy a hungry belly however…How I do love Subway–

Essays, Round Two

After what seems like a few weeks, my second term of classes is now finished and thus I embark in another round of essays.  What’s on tap?

  1. Foreign firms operating in China are better served by notions of long-term deliberate strategy than by emergent strategy processes.  Under what circumstances might this prove true?  Which false?
  2. Discuss the argument “the employer puts his money into … business and the workman his life. The one has as much right as the other to regulate that business.” Is it possible to create a governance and ownership structure that gives employees the optimal role, from the perspective of fairness (to recognize their past contributions) and productivity (to maximize their future contributions)? What are the major obstacles?
  3. Construct a case study of an H-share company or a “red-chip” company.  The emphasis should be on their IPO-induced restructuring and/or their internationalization strategy.

Here we go———>

Besides that, what else is new?  Hmm, turned the heat control off, it seems it is getting warm enough finally!  But how will I dry my clothes without a hot radiator??

The World is Flat

I just finished reading Thomas Friedman’s The World is Flat–a book about globalization and the history of the 21st century. In it, he attempts to deconstruct the world that we live in; a world emerging out of the Cold War, a world with incredibly “flattening” technology (i.e.: internet) that is breaking down all sorts of geopolitical walls and redefining how business is transacted everywhere in the world. In the process of globalization and the prosperity America and much of the West has enjoyed, the world has been catching up. Friedman sounds the alarm with a call for diligence and fortitude - academically, politically, and economically. He sees a dangerous complacency, from Washington down through the public school system.

Here is one snippet I found particularly relevant:

Lucky for us, we were the only economy standing after WWII, and we had no serious competition for forty years. That gave us a huge head of steam but also a huge sense of entitlement and complacency–not to mention a certain tendency to extol consumption over hard work, investment, and long-term thinking. When we got hit with 9/11, it was a once-in-a-generation opportunity to summon the nation to sacrifice, to address some of its pressing fiscal, energy, science, and education shortfalls–all the things we had let slide. But our president did not summon us to sacrifice. He summoned us to go shopping.

Friedman points out that one of America’s great moments was when JFK called on the nation to put a man on the moon. Surely there were many non-altruistic motives behind this agenda, but the effect was that by calling on the nation to emphasize education, particularly in science and engineering, a great deal of good and technical achievement came about as a result: computers, the internet, synthetic fibers, etc etc… Now, we live in a time when the only social agenda is to consume, and Friedman points out that while there is nothing inherently wrong with shopping, we have let many important priorities fall by the wayside as a result.

So what should our national priority be? What should be this generation’s “man on the moon?” I really agree with Friedman on this one:

If President Bush is looking for a similar legacy project, there is one just crying out–a national science initiative that would be our generation’s moon-shot: a crash program for alternative energy and conservation to make America energy-independent in ten years. If President Bush made energy independence his moon shot, in one fell swoop he would dry up the revenue for terrorism, force Iran, Russia, Venezuela, and Saudi Arabia onto the path of reform–which they will never do with $50-a-barrel oil–strengthen the dollar, and improve his own standing by doing something huge to reduce global warming. He would also create a real magnet to inspire young people to contribute to both the war on terrorism and America’s future by again becoming scientists, engineers, and mathematicians…This is not just a win-win, this is a win-win-win-win-win.

Red Bull Rising?

Red Bull Rising

The transformation of China’s once socialist planned economy into the modern, capitalist one seen today has been a great ongoing experiment. Like many of the other economic developments in China�s growth, it is a story of incremental liberalization and relaxation of centralized power. The stock market is one of those highly symbolic institutions that is the ultimate shrine of capitalism, and its existence in China would be shocking to any communist ideologue. Yet, Chinese leadership will continue to reform the entire economy as firms increasingly turn to markets, and not government bureaus for their capital requirements.

This paper outlines the development of China’s stock markets and three main structural obstacles to its further effective evolution. To date, it’s been kind of a mess, and most respectible companies choose to list on foreign exchanges, but there is hope for China’s domestic capital markets!

Boring? Perhaps, but meh, here it is –> Red Bull Rising.pdf

Fear or Laziness?

When you come to think of it, almost all human behavior and activity is not, essentially, any different from animal behavior. The most advanced technologies and craftsmanship bring us, at best, up to the super-chimpanzee level. Actually, the gap between, say, Plato or Nietzsche, and the average human is greater than the gap between that chimpanzee and the average human. The realm of the real spirit, the true artist, the saint, the philosopher, is rarely achieved. Why so few? Why is world history and evolution not stories of progress, rather this endless and futile addition of zeros? No greater values have developed . Hell, the Greeks 3,000 years ago were just as advanced as we are. So what are these barriers that keep people from reaching anywhere near their real potential. The answer to that can be found in another question, and that’s this: which is the most universal human characteristic: fear or laziness?

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It seems to me fear is the most pervasive affliction…laziness itself is just fear of action. Fear mostly mascarades as “SECURITY” which we see as somehow inherently favorable in society; job security, national security, food security, etc.. The status quo is always better than change, at least this is what people who suffer from an under-abundance of life might say. Most of us are deathly afraid of taking risks…we fear uncertainty and thus adopt a life of pattern and repetition; banal, but safe. What is secure, is valued in society, which is maybe why our fundamental values haven’t changed in thousands of years. Of course, human thought and accomplishment has evolved not from the status quo, but from change, from action, from risk, from uncertainty. Why did Europe experience “dark ages?” Simply because the church wanted to maintain its secure grasp on its political and spiritual power. Most people fear change, and even today in the 21st century, I am astounded how many people my age want simply to find a secure job, to plug into the patterns of society. Fortunately I find it easy to be adaptable, to value unorthodoxy, to question the status quo at every turn. I hope I never find contentment in being a super-chimpanzee.

Resistance is not futile, we’re gonna win this thing, humankind is too good, we’re not a bunch of under-achievers! We’re gonna stand up, and we’re gonna be human beings. We’re going to get fired up about the real things, the things that matter! Creativity, and the dynamic human spirit that refuses to submit.

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