In the first days after a natural catastrophe, nothing is more important than speed. But what enables a fast response--rapid access to the global economy--can also impede recovery, by excluding the local economy. So here's a simple idea that could mean the difference between merely spending on disaster relief and sustainably investing in it--start pulling in local efforts right away.
Charles Munger talks about the the Ponzi model in American business; perverse incentives in the regulatory system; chronic, fatal mistakes among execs; and the role of accountants in creating the mess we're in now
What does the "Shock Doctrine" have to do with the accidental killing of a Polish immigrant in Canada?