Government vs Governance

Eric Peters via wkndnotes:

Overall: “The focus should be on minimum government but maximum governance,” announced Narenda Modi, a fierce Hindu Nationalist, born the low-caste son of a tea stall owner. India’s 15th Prime Minister presides over the 1st parliamentary majority in 25yrs, paving the way for red-tape reform. Of course, India is the great hope for a planet starved of growth. For the next decade, 1mm Indians will join the workforce each and every month. Peacefully harnessing that potential requires good governance, education, investment, innovation, infrastructure. And as Modi replaced his hopeless predecessor’s 71 ministers with a team of 45, speaking of India’s “Glorious Future,” Premier Li promised a mind-numbing series of macro-prudential policies to stimulate growth. You see, for the next decade, 100k Chinese will leave the workforce each and every month. Not even the most nimble Shanghai Acrobat, perched perilously upon earth’s most bodacious bubble, can keep so many overpriced assets spinning atop long wobbly poles. Facing such a fierce demographic headwind. Without robust growth, inflation. Or a bit of nationalist fervor. So Chinese ships sank a fishing boat. Inside Vietnam’s territorial waters. As Japan’s nationalist Abe re-armed.

Anyhow, Modi wasn’t the only nationalist elected. French and British nationalists trounced centrist opponents. Thailand’s King backed the coup. Egypt’s military dictator won a stunning 93% landslide (the remaining 7 voters posted Facebook selfies with 700 virgins). Poroshenko crushed the opposition, promising to “end the war, end chaos, and bring peace to a united Ukraine.” Then popped a bunch of Russian commandos disguised as Novorossiya nationalists. Moscow’s nationalist-in-chief declared, “Strictly speaking it was impossible to hold elections.” Assad prepared for his June 3rd landslide. And Obama rambled on about new terrorist threats now emanating from the Syrian power vacuum that he himself created. As across the globe, nationalism creeps into the cracks. Left by maximum government and minimum governance.


Brilliant, as always.


Peters Capital Group

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. video transitions glitch commented on Sep 15

    … [Trackback]

    […] Find More on that Topic: […]

  2. blazing trader review commented on Sep 27

    … [Trackback]

    […] Find More to that Topic: […]

  3. bitcoin loophole review commented on Sep 29

    … [Trackback]

    […] There you will find 77566 additional Information to that Topic: […]

  4. fun88 commented on Oct 13

    … [Trackback]

    […] There you can find 54800 more Information to that Topic: […]

  5. Performance Automation commented on Nov 12

    … [Trackback]

    […] Read More Information here on that Topic: […]

  6. rbc online business banking commented on Nov 26

    … [Trackback]

    […] Here you will find 85480 additional Info on that Topic: […]

  7. Intelligent automation experts commented on Nov 27

    … [Trackback]

    […] Info to that Topic: […]

  8. devops commented on Dec 16

    … [Trackback]

    […] There you will find 22063 more Info to that Topic: […]

  9. tangerine bank online commented on Jan 16

    … [Trackback]

    […] Find More Info here to that Topic: […]