Blain’s Morning Porridge – Jan 14 2021: Distracting Times

«Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them» 

Who would really want to invest time and effort in a basket case spiralling downwards, riven by internal dissent, where pushback against the agreed rules and the disagreement is commonplace? But enough about She-Who-Is-Mrs-Blain and I trying to agree on new bathrooms… let’s talk about markets instead.

The fun and games in the USA is a massive but fascinating distraction from everything else going on in the world.

A chum and I were wondering about markets and how difficult this whole “democracy” thing is becoming. Bearing in mind the history and shoot-first mindset of the US, is it right to punish Trump for the crime of being Trump or would it be better to gloss over it? Is it right big tech companies – which clearly state on their terms of service that they will not host or promote sites or apps that allow hate, racism or incitements to violence – have effectively spiked the Alt-right forum “Parler”? Is it a denial of free speech or a logical business decision? What is the right to free speech? I’ve been slung out of posh clubs for being free with my speech….  (I don’t think Parler should worry… I’m sure the Kremlin will be happy to fund a server farm deal for them…)

As we debated the potential outcomes for the US – our consensus being the US faces a long-term crisis to address and solve the equation for both disaffected Trump Supporters and the crushing poverty now seen in Democrat Cities… we wondered if there are better places to invest.

You might have noticed in your rear-view mirror China getting away with whatever it pleases in Hong Kong, and ask the question: Where is Jack Ma?

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