Thinks 689

Nathan Baschez: “The “newsletter” positioning served as a wedge, and generated a viral distribution loop where more writers came on Substack, made their readers aware of it, some of whom would go on to join as writers. It created credibility and awareness that were the key to giving more people the confidence to start paid newsletters. And, most importantly, it laid the foundation for the network effect that today helps writers on Substack get more readers without having to do any extra work. Bottom line: choosing the right market frame for your product is essential.”

Pratap Bhanu Mehta: “Take four foundational [frameworks]. In the Western world and other countries like India, the horizon was broadly some version of liberal, representative constitutional democracy. In a large part of the world, from Pakistan to Egypt, there was a quest for some version of modern Islamic constitutionalism, reconciling the sovereignty of God with the requirements of the modern world. In Africa, the political and moral aspiration of politics was shaped by trying to think of a political form that could be an effective bulwark against the creation of the colour line and imperialism in the organisation of the world system. And China has, for the better part of its recent history, been shaped by the idea of the party-state as a distinctive political form…Across the world, foundational ideas of major political systems are under challenge.”

Economist: “The fundamental trends in the 2020s and 2030s are for bigger government but still-low real interest rates…This brave new world of somewhat higher government spending and somewhat higher inflation would have advantages. In the short run it would mean a less severe recession or none at all. And in the long run it would mean that central banks have more room to cut interest rates in a downturn, reducing the need for bond-buying and bail-outs whenever anything goes wrong, which cause ever-greater distortion of the economy. Yet it also comes with big dangers. Central banks’ credibility will be damaged: if the goalposts are moved once, why not again? Millions of contracts and investments written on the promise of 2% inflation would be disrupted, while mildly higher inflation would redistribute wealth from creditors to debtors. Meanwhile, the promise of moderately bigger government could easily spiral out of control, if populist politicians make reckless spending pledges or if state investments in energy and industrial policy are poorly executed and morph into bloated vanity projects that drag down productivity.”

Bloomberg: “Released 60 years ago…the first James Bond movie created a branding empire upon which the sun has not yet set.”

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.