The Archive

  • Investors Are Frequently the First Victims of War

    Investors Are Frequently the First Victims of War

    From Waterloo to the Ukraine crisis, fear of violence has influenced interest rates, raised commodity prices, and enriched (and impoverished) individuals.
  • The strange capacity of science fiction to foresee the future

    The strange capacity of science fiction to foresee the future

    Although the epidemic is not yet gone, we have become accustomed to its inconveniences. What will be the next disaster? Is there a bubonic plague strain that is resistant to antibiotics? The end of the world as we know it? Is there a mass ejection from the coronary arteries? Will the next disaster be natural, such as a big volcanic eruption similar to Tambora in 1815, which we haven't seen in over two centuries? Will it be a man-made disaster, such as nuclear war or a cyberattack? In our efforts to avert such disasters, can we accidentally slip into a new sort of AI-enabled totalitarianism?
  • Facebook is in the crosshairs of the Trustbusters, despite being blind to history

    Facebook is in the crosshairs of the Trustbusters, despite being blind to history

    I attempted to tell Mark Zuckerberg that he might end up like John D. Rockefeller or William Randolph Hearst. The rest of us, on the other hand, don't have a clear solution for what his platform has evolved into.
  • History’s Lesson for Biden: Stuff Happens

    History’s Lesson for Biden: Stuff Happens

    Presidents sworn in during crises are popular at first. But unforeseen events can soon change that.