Sunday, June 9, 2013


This article is very, very saddening.  We know what must be done: Elect people into power to do the right thing.

But there is another way.  But it is the hard way.  The very hardest of ways. It is how you deal with a drug addict.

You let him go.

Let the drug addict hit bottom.  Then he will look up and see what he has done to himself, pick himself up and vow he will be a better person.

We have a God who demands justice.   But we also have a God who is compassionate and whose heart melts when He sees true contriteness.

He is the God of  Second Chances.  And when we seek Him and ask for forgiveness He will grant it.

As an academic, I'm just an amateur capitalist. Still, over the past 15 years I've started small ventures in both the U.S. and the U.K. In the process I've learned something surprising: It's much easier to do in the U.K. There seemed to be much more regulation in the U.S., not least the headache of sorting out health insurance for my few employees. And there were certainly more billable hours from lawyers.


The decline of American institutions is no secret. Yet it is one of those strange "unknown knowns" that is well documented but largely ignored. Each year, the World Economic Forum publishes its Global Competitiveness Index. Since it introduced its current methodology in 2004, the U.S. score has declined by 6%. (In the same period China's score has improved by 12%.) An important component of the index is provided by 22 different measures of institutional quality, based on the WEF's Executive Opinion Survey. Typical questions are "How would you characterize corporate governance by investors and boards of directors in your country?" and "In your country, how common is diversion of public funds to companies, individuals, or groups due to corruption?" The startling thing about this exercise is how poorly the U.S. fares.

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