Thinks 322

FT: “Is ethereum the future of the internet? Interest in the ethereum blockchain has soared over the past year, as developers have turned to it to create a wave of decentralised finance projects, known as DeFi, and unique digital tokens called NFTs. The rise of new applications like these — among the first running on a public blockchain — have already created what supporters claim is a powerful network effect, as increasing activity brings more and more developers to ethereum. That could make it the platform of choice for what has become known as Web 3.0, where a series of decentralised apps could one day challenge Big Tech’s offerings.”

The Triumph and Terror of Wang Huning: “A member of the CCP’s seven-man Politburo Standing Committee, he is China’s top ideological theorist, quietly credited as being the “ideas man” behind each of Xi’s signature political concepts, including the “China Dream,” the anti-corruption campaign, the Belt and Road Initiative, a more assertive foreign policy, and even “Xi Jinping Thought.” Scrutinize any photograph of Xi on an important trip or at a key meeting and one is likely to spot Wang there in the background, never far from the leader’s side…China and the West, facing very similar societal problems, have now, thanks to Wang Huning, embarked on radically different approaches to addressing them. And with China increasingly challenging the United States for a position of global geopolitical and ideological leadership, the conclusion of this experiment could very well shape the global future of governance for the century ahead.”

Jonah Goldberg: “If the last 200,000 years of humanity were one year, nearly all material progress came in the last 14 hours.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.