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China's rise and papist dream
Dec. 30th, 2020 10:55 amThe Snapchat boss opined on China's rise. I have two comments on that:
1. Government heavy investment in infrastructure and research does pay off.
2. Minimal economic drag from short-term return spending (e.g. outsized military spending, heavy and growing rent seeking sectors such as govt, lawyers, lobbyists, police, hedge funds, banks, general middlemen layers that add little value) has a multiplier effect.
I dreamt about an interaction with the pope of which I remember two scenes:
1. I went into a heavily fortified castle in which I met a bunch of armoured guards and an armoured very rotund pope. They all had round helmets with 2+ ft long pole atop their helmets with a small cross on top. The pole length varied.
2. A cardinal taking a bath was whipping someone trying to extract some secrets. Also, a jet of water was continuously hitting the captive washing away the blood of his whipped back.
1. Government heavy investment in infrastructure and research does pay off.
2. Minimal economic drag from short-term return spending (e.g. outsized military spending, heavy and growing rent seeking sectors such as govt, lawyers, lobbyists, police, hedge funds, banks, general middlemen layers that add little value) has a multiplier effect.
I dreamt about an interaction with the pope of which I remember two scenes:
1. I went into a heavily fortified castle in which I met a bunch of armoured guards and an armoured very rotund pope. They all had round helmets with 2+ ft long pole atop their helmets with a small cross on top. The pole length varied.
2. A cardinal taking a bath was whipping someone trying to extract some secrets. Also, a jet of water was continuously hitting the captive washing away the blood of his whipped back.
