@ChrisMayLA6 There is obviously some merit in attaching value to intangibles such as brands and goodwill. But this landing rights issue is a helpful reminder of the fragility of intangibles. There are plenty of famous examples of brands imploding overnight, such as #Ratners.
This fragility creates another class of #instability in the already unstable, highly-leveraged financial system. Three huge global shocks just in the 2020s: Covid, Ukraine, tariffs. But hey, let's add risk!
Stunning speech by the Omani FM at the Manama Dialogue putting on its head a key principle guiding US Mideast policy for the past 40 years: That Iran is the main source of instability in the region.
According to the Omani FM, this is false. Israel is the main source of instability:
"We have long known that Israel - not Iran - is the primary source of instability in the region."
- Trita Parsi on Substack
https://substack.com/@tritaparsi/note/c-172969977
#MiddleEast #Instability #Israel #Iran #Oman #ManamaDialogue

Stunning speech by the Omani FM at the Manama Dialogue putting on its head a key principle guiding US Mideast policy for the past 40 years: That Iran is the main source of instability in the region. According to the Omani FM, this is false. Israel is the main source of instability: "We have long known that Israel - not Iran - is the primary source of instability in the region." Note that he says "We have long known..." That is, this is not a conclusion drawn simply because of Israel's genocide in Gaza or strikes against Doha. Other GCC states may not have held this view that long. But most of them - if not all - agree with this assessment today. And many of them may follow the lead of the Omani FM and start saying out loud.
“If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”
Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.
We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.
https://www.youtube.com/watch?v=9TDSGSg6rr4
#economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism
