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21 Sep 09

The Vietnamese miracle - The Daily Princetonian

  • Vietnam still has a long way to go — beneath the surface lie several serious problems, not least of which is the potential danger of Western and regional corporations exploiting local workers or of corruption and nepotism undermining the stability Vietnamese believe should be the country’s top political concern. All the same, in 30 years, Vietnam has managed to transform itself from a nation ravaged by war to one in which serious economic growth has dominated the last two decades. In many ways, that’s nothing short of a miracle.

Op-Ed Columnist - Awake and Sing! - NYTimes.com

  • while the New Deal was built from ideas developed in the Progressive Era and that the Reagan counterrevolution was the culmination of the conservative movement of the 1950s and ’60s, there is as yet “no counternarrative to replace ‘money is king.’
  • we are witnessing the end of “25 to 30 years worth of excess.” The “new normal” in lifestyle, wealth creation and profitability of companies, he wrote, “may be a shadow of the past.”

Op-Ed Columnist - Awake and Sing! - NYTimes.com

  • It wasn’t just trillions of dollars of wealth that went poof in the bubble. Certain American values also crumbled and vanished. Making quick killings by reckless gambling in the markets — rather than by investing long-term in new products, innovations, technologies or services that might grow and benefit America and the world — became the holy grail in the upper echelons of finance.
  • This was not an exact replay of the preceding dot-com bubble. As a veteran of the tech gold rush recently observed to me, in Silicon Valley “the money comes later” and “the thing you make comes first, however whimsical, silly, microscopic, recondite it may be.”
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10 Mar 09

Even Well-off Consumers Aim to be Less Conspicuous - NYTimes.com

  • “It’s kind of funny, but I feel much more satisfied with the things money can’t buy, like the well being of my family. I’m just not seeking happiness from material things anymore.”

Will This Crisis Produce a 'Gatsby'? - WSJ.com

  • Anderson had anticipated anger and radicalism among the poor and unemployed. Instead, he discovered a people stunned by the collapse of their most cherished beliefs. "Puzzled America," the title of the book he composed out of his journeys, said it all.
  • Never in American history had the vision of social mobility been more forcefully asserted than in the 1920s. And rarely had the image been so far out of keeping with reality. The Republican Party, which dominated national politics throughout the decade, extolled the twin virtues of economic competition and personal ambition
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09 Mar 09

Rethinking the American Dream | vanityfair.com

  • American Dream in reverse
  • surely the viability of the American Dream isn’t in question. What needs to change is our expectation of what the dream promises
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Preparing the Obituary — The American, A Magazine of Ideas

  • Peering through the murk of doomsaying, the state of newspapers as financial entities does not reflect their basic strengths as brands.
  • Yet a third question is: If the newspapers do not survive, then what takes on the crucial social and economic roles they have performed over the past century and more? That is unknowable. Failing some inventive institutional spark, some vital functions might simply go unperformed. The Internet is creating a “tragedy of the commons” situation for news, and no one ever claimed that all problems have solutions. Decay and decline are always options
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