TOKYO – South Korea is taking Milton Friedman’s “never let a crisis go to waste” edict to new heights — literally.
In his 1962 book “Capitalism and Freedom”, the Nobel laureate argued that emergencies are the perfect moment to implement destabilizing but necessary reforms — when everyone is off balance. Case in point: the Iran war. President Lee Jae Myung is taking that strategy to heart as he wor...
Patterns detected: ARC-0024 Ambiguity – The narrative relies heavily on framing the current market volatility as an “opportunity” without fully acknowledging the legitimate risks posed by the Iran war and broader global economic instability. The assertion that Lee Jae Myung is “taming the Korea discount” is a significant simplification, potentially masking deeper structural issues within the Korean economy. The reliance on the historical context of previous administrations’ failures creates an i...