The present in the words of Indra Nooyi

"Every morning you have got to wake up with a healthy fear that the world is changing, and a conviction that, to win, you have to change faster and be more agile than anyone else"

Cutting bank reserves to stop a bubble burst is dangerous

Because it fuels investment by making money easily available. Now, that is exactly what the Chinese government wants, as it tries to smooth the current stock market bubble burst. And I would say that is ok - but it can also be dangerous if this stimulus is not temporary (and we have seen how addicted to growth China is). Because with more money at hand, banks will do good and bad investment, with lower returns (like the big "ghost towns and malls" in China). And that can mean the Chinese banks will then bubble on their own and generate a burst like we have seen in the west from 2008 to very recently.

http://money.cnn.com/2015/08/25/investing/china-stock-market/index.html

There is nothing wrong with state controled capitalism...

I always said that economic long-term oriented social-democratic liberalism (with regulation favoring free market and protecting key areas that should remain under the sovereign eye of the state, and, additionally, free access to information and the power to do one's choices) is the perfect complement for a democracy, because it empowers citizens on their future. But some people argued that there was nothing wrong with China's stance on economics being dictated by the Government - now, after months of confusing messages, trying to cover the basics (a big market bubble in many sectors, powered by over optimistic projections), some investors are even being barred from selling stock positions they believe are over-valued. Capitalism needs a free democracy and free access to information to thrive. Easy.

http://money.cnn.com/2015/08/23/investing/world-stock-markets/index.html

Paretto refugees

I will never understand a world that beats up a doctor to prevent him from selling sunglasses in a train station. The same world that pushed that doctor away from home and into selling those glasses, fleeing from war, corruption, misery. The world is far from a Paretto efficiency, and it should be our responsibility to improve it, maximizing every single person's potential and recognizing them as human beings.