Building on my recent musings, Why Societies Take Millennia to Change, one begins to grasp why the modern West so persistently misreads the Third World.
Conditioned by its own rapid material success and shackled by political correctness that forbids frank discussion of deep cultural differences, the Western mind assumes institutions, education, and GDP growth can quickly reshape entire societies. It encounters the Third World through tourist euphoria, expat bubbles, or development metrics that register surface improvements while missing the slow-moving moral and psychological substrate beneath.
What looks like vibrant chaos or “transition” to the short-term visitor is, in truth, the enduring expression of primitiveness.
Read the full essay at Counter-Currents →
On Investments
Winsome Resources (ASX: WR1) continues to trade at a significant discount to the implied value of the Li-FT takeover offer. With Li-FT currently trading at about C$6.14, the offer implies a value for WR1 of approximately A$0.67–0.68 per share, versus WR1’s recent price of A$0.525. This is an arbitrage upside of 28%. The merger has already advanced substantially, with settlement elections now underway. While lithium prices and market conditions remain risky, the spread is unusually wide for a deal at this stage, a product of a cross-border merger, in which many investors become finicky about holding on.
Jayant Bhandari
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