Gongol.com Archives: July 2016
Having a lot of young people (but especially young men) with nothing productive to do is a very hazardous condition. That's what makes the very low labor-force participation rate among young men (particularly those without a high school diploma, but also among some of their peers) a very hazardous situation. Some studies appear to show that many of them are happy to (literally) sit around playing video games all day, but that happiness isn't going to be durable as they age. Low satisfaction will couple with the opportunities that they will have sacrificed by dropping out of the economic and educational systems, and that's almost certain to be a combustible situation in the years to come.
It's no accident what's been happening with this cyber-espionage -- it's not impossible to imagine some party other than a state-backed actor being behind the attacks, but it's close. And while China and Russia are the two likeliest states (in terms of means, motive, and opportunity) to try hacking into American political parties, right now it appears that Russia has the biggest motives.
That's apparently the job that Donald Trump wants, but it's far from the right thing for leadership in the country. He is reported to watch virtually non-stop (a characterization reinforced by videos that show him obsessively watching television on his airplane), and that is a vastly different thing from educating one's self. There is very little novelty and very little original thinking taking place on cable news, and people who are in positions to face new and original problems (like, say, a President) need to be exposed to a lot of information, ideas, and original interpretations of fact so that they will be prepared for serendipitous moments. If the questions that landed on the Oval Office desk were easy, they would have been answered already.
But the company still claims a gross margin in the upper 30% range, so they have a lot of cushion from which to adapt to new opportunities. The iPhone remains their leading volume item.
On average, of course.
Verdict: Too many sour grapes.