BlackGrowth

And here is another piece in our series - our puzzle of how a State would look like if it was a human body.    We last talked about about lungs as investments , bringing money in the system; and before that, we compared blood to money and the heart to trade .     A major player in regulating blood homeostasis is the kidney. What would a good equivalent be in a State?     Let us unravel it. Anatomy - Kidneys filter blood as Central Banks check on finance and economy from Johnson MD, Human Biology, Concepts and Current Issues, 7th Edition; the Urinary System [https://slideplayer.com/slide/6204959/] Kindeys are remarkable organs. Their functional unit is the nephron, made of the glomerulus, the Bowman's capsule and the renal tubule. The filtration process is carried by the glomerulus, with an arteriole that enters and divides to form a net of capillaries. Those then recompose themselves in another arteriole which exits the glomerul...

I am going to cite Churchill a bit in this piece - with some insight from Leopold Amery, thank you.     For sure Sir Winston had defects. And yet he was a staunch defender of his people's freedom. He was intelligent and pragmatic. And when Europe faced its most dramatic moments, its darkest hours, his words were magnificent and inspirational. We need those qualities now. "I have nothing to offer but blood, toil, tears and sweat" Europe is facing difficult times. Its supposed political and economical core - the European Union - struggles in answering to multiple sides of the crisis of the West. For instance, the issues challenging Europe on economy and immigration politic show how divided the Union really is. [Soon minus the UK] Many States so different, so little economic flexibility. From https://worldview.stratfor.com     In economy, the Union was conceived with France and Germany as models 1 . In reality each State has - and has righ...

Humans are a curious species. We are eternally conflicted between our individualism - treasuring freedom, boundaries and independence - and our sociality - which is actually a need and one of the main reasons for our evolutionary success. By exploiting our sociality we are naturally oriented toward progress by expanding the fields of our knowledge and technology. However, in concomitance with our times of crisis and struggle, we see that the way to progress is not necessarily smooth. It is mostly evident in economy and finance - we see that there are perspectives to widen the field and we invest, eventually investing so much that the system can't cope with it and the suddenly expanded field collapses on itself. It is a speculative bubble. Here I will discuss how it is not a mechanism limited to finance - it is everywhere in human activities. It is one of the dark sides of progress itself.     Expanding a field acts on three axis, starting from a pre-existing sphere of acti...