¶ Floyd Norris writes sardonically about what may prove to be the dooming flaw of late-stage capitalism: the strange political power of big-time losers (ie banks) to compel governments to bail tham out. ¶ It’s not clear why now, but “China Admits Problems With Three Gorges Dam.” Opposition within China to this monumentally disruptive state project has never been quieted. Orville Schell applauds; we wonder what Henry Kissinger is thinking. ¶ We’ll believe that Peter Thiel is a genuine innovator when we learn that he is experimenting with different business models, especially as regards rentier investment. Until then, we’re still happy to applaud his $100,000 grants to whizbang students willing to drop out of college to write their own educations.

Drop me a line at rjk@dailyblague.com
This entry was posted on Friday, May 20th, 2011 at 10:30 am.