He has damaged democracy and civil discourse and journalism itself. The behaviour of News Corp has on occasions been reprehensible, for which I think Rupert must take the blame.
Source: Why is Rupert Murdoch stepping aside now and what does it mean for the company?
Education, contacts and luck can play a considerable role when it comes to building up wealth.
Being born into a wealthy and highly educated family is a fortunate event. Likewise, random strokes of luck (like winning the lottery) do not come from years of hard work. We may even push the argument a bit further and conclude that being intelligent is a form of luck itself.
Many things that contribute to achieving financial success are beyond our control. Most, if not all, extremely wealthy people have been blessed by Lady Luck somehow.
Conversely, making the most of what luck brings us certainly matters. Granted, a good deal of individuals merely cash in the benefits of inherited privilege.
Regardless, many small and big fortunes stem from an intelligent use of the resources we are lucky to have been gifted with – whether they are intellectual, educational or socioeconomic.
Source: Are rich people more intelligent? Here’s what the science says
So is it speculative to talk about a future Russian collapse? Yes. Is there evidence it is imminent? No. But in many ways that’s the problem: when authoritarian regimes implode, they tend to do so very quickly, and with little warning.
Hence in the Russian case, it’s important to consider all possible eventualities, even if they might appear implausible at the moment.
And, if nothing else, it’s always better to be pleasantly surprised than blindsided by events we inconveniently decided not to foresee.
Source: Could Russia collapse?
Australians are getting a stark reminder about how value is actually created in an economy, and how supply chains truly work. Ask chief executives where value comes from and they will credit their own smart decisions that inflate shareholder wealth. Ask logistics experts how supply chains work and they will wax eloquent about ports, terminals and trucks. Politicians, meanwhile, highlight nebulous intangibles like “investor confidence” – enhanced, presumably, by their own steady hands on the tiller. The reality of value-added production and supply is much more human than all of this. It is people who are the driving force behind production, distribution and supply. Labour – human beings getting out of bed and going to work, using their brains and brawn to produce actual goods and services – is the only thing that adds value to the “free gifts” we harvest from nature. It’s the only thing that puts food on supermarket shelves, cares for sick people and teaches our children.
olddogthoughts 
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