Technology that first comes across as a gimmick, in a few years evolves into your trusty sidekick. Give it a few years more, and it will stab you in the back and take your job. Avoid "technological unemployment" by doing what the robots can’t. Be human.
By the early 1940s, the Keynesian Revolution in America was in full swing. Fast-moving events in Germany obliged Franklin D. Roosevelt to spend on the vast scale that John Maynard Keynes prescribed. Despite the president’s assurances during the 1940 presidential campaign -- “I have said this before, but I shall say it again and again and again: Your boys are not going to be sent into foreign wars” -- he ordered a gargantuan rearmament program. In 1940, the annual defense expenditure was $2.2 billion; the following year it reached a sizzling $13.7 billion.
Mervyn King, the former Bank of England governor who served under three British prime ministers, chose Niccolo Machiavelli’s “The Prince” as his favorite book and said it offers lessons for today’s rulers.
The U.K.’s visual-arts sector got off lightly in Chancellor George Osborne ’s spending review while the performing arts got hammered. That’s the headline assessment, and the figures seem to bear it out --superficially, at least.
Germany, with the help of the European Central Bank, has achieved a level of dominance in Europe it hasn’t enjoyed since World War II. It is to that period, and a bit earlier, that it might look for lessons on how to save a troubled European project.