"centuries-old Chinese business practice" – more like millennia. Up until recently, in fact, it was legal to use your seal to sign cheques and other documents in Singapore.
"the financial repression we now live with is a fusion of the two forms of capitalism, social capitalism and financial capitalism, that did battle in Asia in 1997 and 1998." – I remember my father's job being rocky during that Asian Financial Crisis, but I hadn't appreciated how it might be linked to what Napier calls financial repression. Fascinating interview.
Angel investing just has a sheen of legitimacy to it that "gambling" doesn't.
Russia, a strategic mercenary? Stranger things have happened.
And more strategic and geopolitical manoeuvring… about chips.
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