#Socialism leads to full Communism.
Paraphrasing Margaret #Thatcher.
How right she was!
President #Daoud brought about a Socialist Secular Revolution after doing a coup d'état against King #Zahir#Shah.
Soon to be followed by his assassination and the #PDPA#Communist takeover!
Well, nobody understood the dangers of collectivism during the Cold War better than General #Pinochet, Late Baroness #Thatcher, and #Lee#Kuan#Yew.
Americans were never really threatened by Marxist-Leninist or Marxist-Maoist Philosophy after the Communists were incarcerated
Ask a countless number of children, women and old, as to how Marxist Insurgencies and later Communist #Dictatorships destroyed their standards of living, and social stability through centralized social engineering. #Chilean inflation stood around approx 1000% under #Allende.
Late Sheikh Mujib completely destroyed Bangladesh with his mindless socialist rhetoric.
Bangladesh under socialism in the 1970s had the highest levels of poverty.
Central Planning fails everywhere.
The experiment of nationalization and collectivization of economic activity also failed in Pakistan.
Zulfiqar Ali #Bhutto and his socialist economic policies interfused with theology was the straw that broke the camels back!
Pakistan descended into a low growth epoch.
What about #India??
Complete failure in terms of reducing poverty and inequality. #Shantytowns, dilapidated infrastructure, slumps, ration cards, bureaucratic mismanagement of the economy, red tape, and homeless people sleeping on the street side, became synonymous under the INC.
Iranian Model of Socialism.
Another laughingstock of the world.
How Iranian youth have fled the country after the revolution.
Today they cannot control inflation and unemployment even with the petrodollars.
They are only four countries, Sweden, Denmark, Norway, and Finland where Socialism of some sort seems to have worked.
I don't know if they can even be categorized as Socialist Nations in all honesty, due to such high creativity, productivity and entrepreneurship we see in these 4
• • •
Missing some Tweet in this thread? You can try to
force a refresh
There is a vested commercial interest in increasing #complexity around everything.
Some scholars and intellectual propagandists would like to make things appear overly complicated because that is how they can make money.
#Complexity problem can be broken down by asking relevant straightforward questions and providing equally relevant simple-minded answers which address the root causes and understands the effects.
Many students doing basic mathematics cannot distinguish between #iteration, #simulation, and #emulation as different methods of experiment design.
Even further surprised why so many students don't know the similarity and the difference between computation and calculation.
These are some of the basic mistakes which one, embedded into the mind, will work their way right into a workplace and destroy our educational foundations
For, e.g. when I was teaching Introduction to FRM Financial Risk Management, I noticed many students thought they are three different types of VaR - Value at Risk.
What they didn't realize is that VaR can be computed using different models aka methodologies, namely, HS, VCV, MCS.
Did the #Irish Central Bank provide sovereign guarantees to buyers of Irish Bank Bonds and other contractual debt liabilities classified as fixed income securities, before the #GFC struck?
I asked this question after watching Professor Kelly on YouTube.
He was describing how the #Irish Central Bank allowed banks to import capital in large sums, and later lend it out to housing finance borrowers.
That created a severe #ALM Mismatch, as homes are not liquid assets.
Only after the #GFC, did the Irish and other banks realize that a run on the #deposits could lead to financial #insolvency. #Ruin#Risk by definition is the gap between Unexpected #Loss and Expected Loss.
As the gap increases, the chances of financial ruin and #default rises too!
How do you prepare for an investor relations interview at a large asset management company managing multiple funds?
Speak with confidence, dress well and above all use an impressive array of financial jargon and cutting edge terms, as many as you can, to make the employer feel comfortable.
In modern times, you should also be familiar with some data science concepts.
E.g. how data visualization tools can help the customer extract value from the research reports.
You need to know everything about Capital Markets at least.
Investment Banking and Asset Management Sector /brokerage require an exceptional understanding of debt and equity market instruments and asset classes.
Sound knowledge of derivative markets will add to your CV.