When you point a finger at someone, remember you have four pointed at yourself.
I was reminded of that proverb when reading this story in The Atlantic, about the moral hazard of dealing with China. While the thrust of the article was focused on academic institutions, I couldn’t help but notice the irony: The Atlantic is owned by the Emerson Elective, which is funded by Steve Jobs’ widow, Lauren Jobs, and much of her wealth comes from the continued good performance of Apple and its stock. Apple benefits tremendously from China and bends over backward to keep a toehold in this lucrative market and manufacturing base.
The circle is weirdly complete, and I would say it is fair to call this a good illustration of the moral hazard of pointing a finger. Not that there’s anything wrong with that.
01.14.2020. San Francisco