Captain on an Internet Bridge, next day: I am once more happy to report that the 50/50 balanced mixture of Pink A.F. (As Flamingos) (Pinot Grigio Rosé from Italy) & Sugarless Sprite works mycket bra during a mid-Wednesday dog-and-rest.
Captain on an Internet Bridge: I am happy to report that the 50/50 balanced mixture of The Damn Wall (Chenin Blanc from South Africa) & Sprite sans sugar works fine and dandy for a post-Tuesday sit-at-home.
When it comes to Russia: the flip from the USSR to today is just insane to even begin to think about. We’ve been brought up with the amaze-story of Finland growing from an agrarian state to today in less than eight decades, but what’s gone on across the border to the east during the last three reaches a whole other level of whack.
To be honest I think Yeltsin, drunkard as he was, is the main pain behind modern troubles yet to be overcome: that said, I don’t think it was naturally feasible to expect anything else than a Human-packaged Vodka Bomb to be able to crash through the gates of the USSR at such a pace that the resulting impact would turn it back into Russia. I mean that with all due respect, of course: no matter the style, the change was accomplished and the Cold War ended. What I’m saying is that perhaps the natural equity fallout could have been handled better should it have been someone less intoxicated at the helm: allow us to continue being honest, in full respect, there was a combination of own tank and own Parliament (which just very easily translates into own goal).
Russia, what was before 1917 (the year that brought us in Finland our independence, for which we are ever thankful); its essence is only now starting to rise above that of the Soviet Union. I’ve hung out with Russians my age travelling the world on high corporate pay, dreaming of making big money in graphic design (great market opportunity in Russia).. so much stuff yet to see happen in Russia. Though I acknowledge that things are still tougher there than here, noting in particular that I personally consider local politics to be the political form of the highest calibre, then forgive me for being honest and saying that I, truly, have faith in the leadership skill of President Vladimir Putin. He turned me with his interview on MSNBC with Megyn Kelly in the spring of 2018 by saying: “It is not important to project power. It is important to manifest it.”
To me that sounds like the drive to help people grow further into their fuller capacity, which is what the Russians (to my perception) are doing, as I imagine they will be for quite some time yet.
But, indeed, won’t we all.
The answer to macroeconomics is land(ing). There is land and it is functioning in some way, as an outcome of contracts created prior. Upon considering a blank map we can see how power condenses itself into zoning rights. Of course, it is the cloud(ing) that controls that: we know what we study, and tend to act accordingly.
For Her Majesty the Queen Elizabeth II, who hath asked but almost a decade ago, right after the financial crisis: something along the lines of “what didn’t we know?”
I say to You, Madame Queen: I do not see it as such that we can expect People to know what People don’t know until they know it. It is my theory that what was learned from the financial crisis was a valuable lesson in checking in with the fundamentals, the primary value being that we now understand that they (the fundamentals) have some (value, that is).
It is proper to recap the fundamentals, briefly. The productivity and productivity potential of land is what, ultimately, drives housing prices. The productivity and productivity potential of land and housing prices cannot be separated from each other: the People working determine the People buying, when confining an economic consideration into a local area.
A primary limiting factor of a local area is its entrepreneurial propensity, for example: a boom arising from the arrival of one big employer can only sustain itself if it can be met with the required entrepreneurial support network, meaning everything from culture to hospitality, which sustains a local area by feeding the resident Society. This creates a strengthening bond to the local area, over time.
A factual, ground-based knowing of this type of events in a local economy are what determine the potential of a Financial Institution to lend, alongside the study of the business-to-be-located. What we can learn is that there should never be too much of a distance between the asset and the Lender. Every kilometre from a location, every added dimension to the contractual structure of a derivative, is distance.
Banking is and always will be a local job, because that’s where the assets, ultimately, are. Even if You mostly look at them on paper: out there on the ground they are, somewhere. It then becomes a matter of relativity as to your position of power as to how you define “local”: if you’re the CEO of a global bank, it’s the Planet for you.
Democracy is not the greatest thing since sliced bread: it is what created sliced bread. That is because democracy is the organised process of listening, and it exists on the market side of the societal system through the customer feedback mechanism just as it exists on the political side of the societal system through the vote.
Somebody listened to someone to figure out to slice the bread.
The thing that is problematic about modern society as it stands is that the position of democracy, not only as a term but as the behaved manner of practice that stems from it, rests fully on the political side of the spectrum, wherein lies a world of governance that opens up into a state of lockdown once every election season. Whereas the market practitioner faces the feedback every single day, the political operant stares into the gauntlet once every few years: the differences in the frequency and amplitude of listening defining the gap between these two opposing poles of society. As the position of democracy stands on the political side of the spectrum, we often forget the direction being taken in the market: day-in, day-out.
When considering democracy we see time only in election seasons, even if what it is is that it is going on every single day.
Despite their natural placement in opposition, like the different ends of a magnet, the two sides of society need to work together through their respective leaderships. So when we modernly talk about democracy, we need to overcome the problem of simply looking at one half of the societal whole: at politics. Democracy is going on beyond politics: it is the organised process of listening, and it need not be confined.
What I believe the market practitioner needs to highlight in the modern discussion is the dynamism of the modern Human. Given an unsatisfactory situation, the abundance of choice modernly available allows for rapid progress towards something more satisfactory. As the modern Human has, through the smartphone and other technology, become more and more accustomed to a fast reception into satisfaction, the stress placed upon the slower political system grows. How does the big ship keep up?
The work of the respective leaderships of the societal system needs to bring together some mutual understandings about operation that can be accepted as axiomatic truths about reality. First there is listening, yes, but then there is the making it happen. Indeed, democracy is the organised process of listening, but it is not the entire system: it is but a component. Surely it is the morally fundamental component, as central as the steering wheel to the car, but the pedals need to then become used, as well. I think the market practitioner can definitely help the politician here.
Infinite listening crowds out action. It must be accepted with a humble yet straight face that leadership is, eventually, always allowed. That does not ever mean that the listening stops. Obviously it must go on, alongside the commencement of the action by leadership.
So, ultimately, what I’m saying is that democracy is naturally balanced-out in reality by the power of authority, and vice-versa. That’s why all the Dudes in the past did all the signings on the contracts and that’s why we’re all livin’ the highering qualities.
© 2019 Jens J. Sørensen