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"We will also engage community leaders, workers, young innovators and entrepreneurs, and others about ways to provide economic security, address the core factors of migration, and to give people the hope for a better life at home," Sanders added.

The vice president will meet with Guatemalan community leaders, innovators and entrepreneurs as well as greet and thank US embassy staff, per Mazin Alfaqih, special adviser to the vice president for the Northern Triangle.

"The vice president's strategy is built around catalyzing efforts across the United States government, regional governments," Sanders said, "as well as private sectors and philanthropic sectors and international partners."

In next week's bilateral meeting, Harris will discuss with Giammattei "ways to increase economic opportunities in Guatemala, strengthen rule of law and deepen bilateral law enforcement cooperation," Alfaqih told reporters. Already in their virtual bilateral, the two sides agreed to increase the number of border security personnel, among other agreements. The US will also increase the number of its own security forces on the ground to provide training, Alfaqih said.

In the vice president's meeting with Mexico's President, Harris will look to build on the two countries' previous agreements to secure the US-Mexico border and work to bolster economic opportunities in the region while establishing "further areas of collaboration," the officials said.

Sanders wouldn't say whether Covid-19 vaccines would be a topic of discussion in both countries during the visit, just that they would discuss "Covid cooperation."

The vice president has yet to call the leaders of El Salvador and Honduras, as both have underlying issues that have dogged US efforts in the region for years and her staff is finding the best way to engage. Those delayed talks show just one aspect of the challenges in this task.

"We have to give people some sense of hope that if they stay, that help is on the way," Harris told CNN's Dana Bash in April. "It's not going to be solved overnight; it's a complex issue. If this were easy, it would've been handled years ago."

Chloroquine had produced what he called “spectacular improvements” in the Chinese patients. “It’s excellent news — this is probably the easiest respiratory infection to treat of all,” Raoult said. “The only thing I’ll tell you is, be careful: Soon the pharmacies won’t have any chloroquine left!”

Raoult wrote his first research paper, in 1979, on a tick-borne infection sometimes known as Marseille fever. The disease was also called “benign summer fever,” and more than 50 years of science said it was nonlethal. And yet one of the 41 patients in his data set had died.

Before submitting the paper, Raoult, who was then a young resident, gave it to a supervising professor for review. “And he takes it,” Raoult told me, “he doesn’t show it to me again, and he publishes it — and he’d taken out the death. Because he didn’t know how to make sense of the death.”

Raoult was disgusted, and the incident shaped his philosophy of scientific inquiry. “I learned that the people who wanted to follow the familiar path were prepared to cheat in order to do it,” he said.

In Raoult’s view, French science was a duchy of appearances, connections and self-reverence. “It was people saying” — he mimed the drone of an aristocrat — “ ‘Oh, him, yes, he’s very good.’ And this reputation, you don’t know what it’s based on, but it’s not the truth.”

“He was a ‘follower,’” Raoult said of the professor. “And these ‘followers’ are all cheaters. That’s what I thought. And it’s still what I think.”

He is, fundamentally, a contrarian. In Raoult’s view, little of consequence has been accomplished by researchers who endorse the habitual tools and theories of their age.

“I’ve spent my life being ‘against,’” he told me. “I tell young scientists: ‘You know, you don’t need a brain to agree. All you need is a spinal cord.’” He is thrilled by conflict. It is a matter both of philosophy — the influence, no doubt, of the thinker he refers to admiringly as “master Nietzsche” — and of temperament.

His peers shake their heads at this behavior but grant him a grudging respect. “You can’t knock him down,” said Mark Pallen, a professor of microbial genomics at the University of East Anglia. “In terms of his place in the canon, the sainthood of science, he’s pretty secure there.”

In 1985 and 1986, Raoult worked at the Naval Medical Research Institute in Bethesda, Md., where he discovered the Science Citation Index. The index, a tool that can be used to measure a scientist’s influence on the basis of his or her publication history, was relatively unknown in France. Raoult looked up the researchers reputed to be the best in Marseille. “It was really the emperor wears no clothes,” he said. “These people didn’t publish. There was one who hadn’t written a paper in 10 years.”

In subsequent work, he demonstrated that Marseille fever was indeed fatal in almost precisely one in every 41 cases.

Raoult’s name sits atop several thousand; in each of the past eight years, he has produced more than 100. In 2020, he has already published at least 54.

Like many doctors, Molina viewed Raoult’s study with skepticism, but he was also curious to see if his proposed treatment regimen might in fact work. He tested hydroxychloroquine and azithromycin in 11 of his own patients. “We had severe patients, and we wanted to try something,” Molina told me. Within five days, one had died, and two others had been transferred out of his service to intensive care. In another patient, the treatment was suspended after the onset of cardiac issues, a known side effect of the drugs. Eight of the 10 surviving patients still tested positive for SARS-CoV-2 at the conclusion of the study period

Raoult is reputed to be an indefatigable worker, but he also achieves his extreme rate of publication by attaching his name to nearly every paper that comes out of his institute.

In recent years, Raoult has amused himself, it seems, by staking out tendentious scientific claims, sometimes in territories that are well beyond the scope of his expertise.

He is skeptical, for instance, of the utility of mathematical modeling in the realm of epidemiology.

The same logic has led him to conclude that climate modelers are no more than “soothsayers” for our “scientistic era” and that their dire predictions are mostly just an attempt to expiate our intense but irrational feelings of guilt.

Raoult’s most recent book, “Epidemics: Real Dangers and False Alerts,” was published in late March, by which time the W.H.O. had reported more than 330,000 confirmed cases of Covid-19 worldwide and more than 14,500 deaths. “This anguish over epidemics,” he writes, “is completely untethered from the reality of deaths from infectious diseases.”

Testing had been scheduled to run for two weeks per patient, but after only six days, the results were so favorable that Raoult decided to end the trial and publish

Others might have proceeded with more caution or perhaps waited to confirm these results with a larger, more rigorous trial. Raoult likes to think of himself as a doctor first, however, with a moral obligation to treat his patients that supersedes any desire to produce reliable data.

For decades, Raoult has boasted of his prodigious rates of publication and citation, which, as objective statistics, he considers to be the best measure of his worth as a researcher.

This observation has come to be known as the parachute paradigm: We tend to accept the claim that parachutes reduce injury among people who leap from airplanes, but this effect has never been proved in a randomized study that compares an experimental parachute group to an unlucky parachuteless control.

“If you don’t have something that’s visible in 10 patients, or 30, it’s useless. It’s not of any consequence.” An effective treatment for a potentially lethal infectious disease will be visible to the naked eye.

There is much about Raoult that might make him, and by extension his proposed treatment, appealing to a man like Trump. He is an iconoclast with funny hair; he thinks almost everyone else is stupid, especially those who are typically regarded as smart; he is beloved by the angry and conspiracy-minded; his self-congratulation is more or less unceasing.

Raoult classified Trump’s psychology as that of an “entrepreneur,” by way of contrast with that of a “politician.” “Entrepreneurs are people who know how to decide, who know how to take risks,” he said. “And at a certain point, to decide is to take a risk. Every decision is a risk.”

The French waited far too long, in his estimation, to approve the use of hydroxychloroquine in Covid-19 patients. The authorization came only after Raoult announced in the press that he would continue, “in accordance with the Hippocratic oath” and effectively in defiance of the government, to treat patients with his combination therapy. “I’m convinced that in the end, everyone will be using this treatment,” Raoult told Le Parisien. “It’s just a matter of time before people agree to eat their hats.”

Raoult had already begun assembling data for a larger study, but he dismissed the need for anything particularly vast or lengthy. Like other critics of the R.C.T., he likes to point out that a number of self-evidently useful developments in the realm of human health have never been validated by such rigorous tests.

Raoult’s study had measured only viral load. It offered no data on clinical outcomes, and it was not clear if the patients’ actual symptoms had improved or indeed whether the patients lived or died. At the outset, 26 patients were assigned to receive hydroxychloroquine, six more than the 20 who appeared in the final results.

The six additional patients had been “lost in follow-up,” the authors wrote, “because of early cessation of treatment.” The reasons given were concerning. One patient stopped taking the drug after developing nausea. Three patients had to be transferred out of the institute to intensive care. One patient died. (Another patient elected to leave the hospital before the end of the treatment cycle.)

“So four of the 26 treated patients were actually not recovering at all,” noted Elisabeth Bik, a scientific consultant who wrote a widely circulated blog post on Raoult’s study. She paraphrased the sarcasm circulating on Twitter: “My results always look amazing if I leave out the patients who died.”

The report was also riddled with discrepancies and apparent errors.

This apparent sloppiness was unsurprising to many of those who have tracked Raoult’s work in the past. A prominent French microbiologist told me that, in terms of publication, Raoult’s reputation among scientists has been “long gone” for some time.

Beyond its apparent errors and omissions, the study’s design — its small size, its flawed control, the unrandomized assignment of patients to the treatment and control groups — was widely viewed to render its results meaningless. Fauci repeatedly called its results “anecdotal”;

Large, well-controlled randomized trials are by no means the only way to arrive at useful scientific insights. Their utility is that they enhance statistical signals such that, amid the noise of human variability and random chance, even the faint effect of some new treatment can be detected.

The results of his initial trial have yet to be replicated. “I think what he secretly hopes is that no one will ever be able to show anything,”

The prime statistical hurdle that any proposed treatment for Covid-19 will have to overcome — one that is delicate for even Raoult’s critics to make note of, amid the sorrow and fear of this pandemic — is that the signal is likely to be very faint, because the disease is, in the end, rarely fatal. Nearly everyone survives; an effective treatment will save the life of the one or so patients in every hundred who would not have lived without it.

“Alzheimer’s drugs, obesity drugs, cardiovascular drugs, osteoporosis drugs: Over and over, there have been what looked like positive results that evaporated on closer inspection. After you’ve experienced this a few times, you take the lesson to heart that the only way to be sure about these things is to run sufficiently powered controlled trials. No shortcuts, no gut feelings — just data.”

“I’ve invented 10 or so treatments in my life,” Raoult told me. “Half of them are prescribed all over the world. I’ve never done a double-blind study in my life, never. Never! Never done anything randomized, either.”

“When you tell the story, it’s extremely straightforward, no? It’s subject, verb, complement: You detect a disease; there’s a drug that’s cheap, whose safety we know all about because there’s two billion people who take it; we prescribe it, and it changes what it changes. It might not be a miracle product, but it’s better than doing nothing, no?”

Raoult had by then begun to lose his composure. He accused Lacombe of being a shill for the pharmaceutical industry; his fans sent her death threats. On Twitter, he called Bik, the consultant who wrote critically about the first study, a “witch hunter” and called a study that she tweeted — one of several published in April and May that seemed to suggest that Raoult’s treatment regimen was ineffectual or even harmful — “fake news.” The authors of another such study were accused of “scientific fraud.” “My detractors are children!” Raoult told an interviewer.

It is possible that hydroxychloroquine and azithromycin are an effective treatment for Covid-19. But Raoult’s study showed, at best, that 20 people who would almost certainly have survived without any treatment at all also survived for six days while taking the drugs Raoult prescribed.

In recent weeks, Raoult has in fact tempered his claims about the virtues of his treatment regimen. The published, peer-reviewed version of the final study noted that another two patients had died, bringing the total to 10. Where the earlier version called the drugs “safe and efficient,” they were now described merely as “safe.”

He has shown flickers of what appears to be doubt.

“I don’t trust popularity,” he told the interviewer. “When too many people think you’re wonderful, you should start to wonder.” His initial YouTube video, “Coronavirus: Game Over!” has also been renamed. The new language is more measured, and in place of the exclamation point there now stands a question mark.

In the absence of elections, Communist Party officials in China rise up the ranks based on how well they deliver on the party’s priorities, at least in theory. For years, the top priority was economic growth

Local officials plowed money into the highways, ports and power plants that manufacturers needed, turning China into the world’s factory.

Under Mr. Xi, government priorities have shifted toward self-sufficiency and the use of industrial robots, something that Chinese leaders believe is critical to escaping the middle-income trap, in which a country can no longer compete in low-wage manufacturing because of rising wages but has not yet made the leap to the value-added products of high-income countries.

some Chinese companies purchased robots that don’t work well and exaggerated their success to get government subsidies and curry favor with politicians. Directives from party officials with little expertise in robotics fetishize machines beyond their actual usefulness.

Those unskilled laborers — who will increasingly be replaced by robots, according to China’s grand strategy — present an economic challenge and a threat to political stability

What many Chinese businesses wanted most, she said, was “invisible infrastructure”: a predictable judicial system, fair access to bank credit and land, and regulations that are applied without regard to political connections

Her findings, reported in detail in “The Gilded Cage: Techno-State Capitalism in China,” which will be published next fall, suggest that Beijing’s pronouncements about amazing technological advancement should be viewed with a touch of skepticism.

Mr. Xi had a privileged childhood as the son of a top Communist Party official. But the Cultural Revolution shattered that sheltered life; he was sent to a remote village for seven years, where he did hard labor and slept in a hillside cave home. As a result, he can claim a familiarity with rural people and rural problems that few world leaders can even imagine.

One of Mr. Xi’s most celebrated campaigns has been a vow to stamp out extreme poverty, a tacit acknowledgment that China’s economic miracle has left hundreds of millions of rural farmers behind

Some corporate managers complained that government subsidies often flowed to politically connected firms and were wasted, while others grumbled that government directives were unpredictable and ill informed.

Only 30 percent of working Chinese adults have high school diplomas, although 80 percent of young people are getting them now, according to Scott Rozelle, a co-author of “Invisible China: How the Urban-Rural Divide Threatens China’s Rise.”

more than 600 million Chinese people scrape by on the equivalent of $140 per month.

Last year, Mr. Xi declared “complete victory” in eradicating extreme poverty in China, but skepticism about his success abounds. Some experts on China report that local officials gave out cash to rural families — one-time payments that got them temporarily over the poverty line — instead of initiating badly needed structural reforms.

“Rural Chinese in many ways are like the lowest class in a policy-driven caste system,” Mr. Rozelle told me. Nevertheless, even a flawed program to address rural poverty is better than no program at all.

He set out to save his rudderless Communist Party by cracking down on graft and bringing wayward nouveaux riches back into the fold by recruiting them as party members. He ordered chief executives to contribute more toward “common prosperity” and showed what could happen to those who didn’t toe the party line.

Mr. Xi’s crackdown went too far. Increasingly, foreign investors and Chinese entrepreneurs are fleeing. Coupled with a draconian zero-Covid strategy, Mr. Xi’s policies have sent the economy into a tailspin.

More worrisome still is the return of an atmosphere of fear and sycophancy not seen since Chairman Mao’s time. A businessman who was critical of Mr. Xi was sent to prison for 18 years. The era of relative openness to intellectual debate and foreign ideas appears to have come to an end.

id another despot like Mao, have gone out the window so Mr. Xi can have more time in power. Mr. Xi has been called a modern-day emperor, the chairman of everything and the most powerful man in the world

Yuhua Wang, a political scientist at Harvard who is author of the book “The Rise and Fall of Imperial China,” released this month. Mr. Wang studied 2,000 years of Chinese history and discovered, somewhat counterintuitively, that China’s central government has always been the weakest under its longest-serving rulers.

Emperors, he explains, have always stayed in power by weakening the elites who might have overthrown them — the very people who are capable of building a strong and competent government.

“One can argue that he has good intentions,” Mr. Wang told me of Mr. Xi. But the tactics he has used to maintain power — crushing critics, micromanaging businesses, whipping up nationalist fervor and walling China off from the world — may end up weakening China in the end.

Mr. Bogle has some hard news for investors. The basic appeal of index funds—their ability to deliver the market return without shifting an arm and leg to Wall Street’s army of helpers—will only become more important given the decade of depressed returns he sees ahead.

Don’t imagine a revisitation of the ’80s or ’90s, when stocks returned 18% a year and investors, after the industry’s rake-off, imagined they “had the greatest manager in the world” because they got 14%. Those planning on a comfy retirement or putting a kid through college will have to save more, work to keep costs low, and—above all—stick to the plan.

“When the climate really gets bad, I’m not some statue out there. But when I get knots in my stomach, I say to myself, ‘Reread your books,’ ” he says. Mr. Bogle has written numerous advice books on investing, including 2007’s “The Little Book of Common Sense Investing,” which remains a perennial Amazon best seller—and all of them emphasize not trying to outguess the markets.

That said, Mr. Bogle finds today’s stock scene puzzling. Shares are highly priced in historical terms; earnings and economic growth he expects to disappoint for at least the next decade (he sees no point in trying to forecast further). And yet he advises investors to stay invested and weather the storm: “If we’re going to have lower returns, well, the worst thing you can do is reach for more yield. You just have to save more.”

Mr. Bogle relies on a forecasting model he published 25 years ago, which tells him that investors over the next decade, thanks largely to a reversion to the mean in valuations, will be lucky to clear 2% annually after costs. Yuck.

Then why invest at all? Maybe it would be better to sell and stick the cash in a bank or a mattress. “I know of no better way to guarantee you’ll have nothing at the end of the trail,” he responds. “So we know we have to invest. And there’s no better way to invest than a diversified list of stocks and bonds at very low cost.”

Mr. Bogle’s own portfolio consists of 50% stocks and 50% bonds, the latter tilted toward short- and medium-term. Keep an eagle eye on costs, he says, in a world where pre-cost returns may be as low as 3% or 4%. Inattentive investors can expect to lose as much as 70% of their profits to “hidden” fund management costs in addition to the “expense ratios” touted in mutual-fund prospectuses. (These hidden costs include things like sales load, transaction costs, idle cash and inefficient taxes.)

He also knows the heartache of having just about everything he has saved tied up in volatile, sometimes irrational markets, especially now. “We’re in a difficult place,” he says. “We live in an extremely risky world—probably more risky than I can recall.”

Investing, he says, always is “an act of trust—in the ability of civilization and the U.S. to continue to flourish; in the ability of corporations to continue, through efficiency and entrepreneurship and innovation, to provide substantial returns.” But nothing, not even American greatness, is guaranteed, he adds

what he calls the financial buccaneer type, an entrepreneur more interested in milking what’s left of the active-management-fee gravy train than in providing low-cost competition for Vanguard—which means Vanguard’s best days as guardian of America’s nest egg may still lie ahead.

the growth of indexing is obviously unwelcome writing on the wall for Wall Street professionals and Vanguard’s profit-making competitors like Fidelity, which have never been able to give heart and soul to low-churn indexing because indexing doesn’t generate large fees for executives and shareholders of management companies.

Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.

That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system—a regime of crony capitalism—where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance.

So the vast outpouring of LBOs in recent decades has been the consequence of bad policy, not the product of capitalist enterprise. I know this from 17 years of experience doing leveraged buyouts at one of the pioneering private-equity houses, Blackstone, and then my own firm. I know the pitfalls of private equity. The whole business was about maximizing debt, extracting cash, cutting head counts, skimping on capital spending, outsourcing production, and dressing up the deal for the earliest, highest-profit exit possible. Occasionally, we did invest in genuine growth companies, but without cheap debt and deep tax subsidies, most deals would not make economic sense.

In truth, LBOs are capitalism’s natural undertakers—vulture investors who feed on failing businesses. Due to bad policy, however, they have now become monsters of the financial midway that strip-mine cash from healthy businesses and recycle it mostly to the top 1 percent.

Accordingly, Bain’s returns on the overwhelming bulk of the deals—67 out of 77—were actually lower than what a passive S&P 500 indexer would have earned even without the risk of leverage or paying all the private-equity fees. Investor profits amounted to a prosaic 0.7X the original investment on these deals and, based on its average five-year holding period, the annual return would have computed to about 12 percent—well below the 17 percent average return on the S&P in this period.

having a trader’s facility for knowing when to hold ’em and when to fold ’em has virtually nothing to do with rectifying the massive fiscal hemorrhage and debt-burdened private economy that are the real issues before the American electorate

Indeed, the next president’s overriding task is restoring national solvency—an undertaking that will involve immense societywide pain, sacrifice, and denial and that will therefore require “fairness” as a defining principle. And that’s why heralding Romney’s record at Bain is so completely perverse. The record is actually all about the utter unfairness of windfall riches obtained under our anti-free market regime of bubble finance.

When Romney opened the doors to Bain Capital in 1984, the S&P 500 stood at 160. By the time he answered the call to duty in Salt Lake City in early 1999, it had gone parabolic and reached 1270. This meant that had a modern Rip Van Winkle bought the S&P 500 index and held it through the 15 years in question, the annual return (with dividends) would have been a spectacular 17 percent. Bain did considerably better, of course, but the reason wasn’t business acumen.

The secret was leverage, luck, inside baseball, and the peculiar asymmetrical dynamics of the leveraged gambling carried on by private-equity shops. LBO funds are invested as equity at the bottom of a company’s capital structure, which means that the lenders who provide 80 to 90 percent of the capital have no recourse to the private-equity sponsor if deals go bust. Accordingly, LBO funds can lose 1X (one times) their money on failed deals, but make 10X or even 50X on the occasional “home run.” During a period of rising markets, expanding valuation multiples, and abundant credit, the opportunity to “average up” the home runs with the 1X losses is considerable; it can generate a spectacular portfolio outcome.

The Wall Street Journal examined 77 significant deals completed during that period based on fundraising documents from Bain, and the results are a perfect illustration of bull-market asymmetry. Overall, Bain generated an impressive $2.5 billion in investor gains on $1.1 billion in investments. But 10 of Bain’s deals accounted for 75 percent of the investor profits.

The credentials that Romney proffers as evidence of his business acumen, in fact, mainly show that he hung around the basket during the greatest bull market in recorded history.

By contrast, the 10 home runs generated profits of $1.8 billion on investments of only $250 million, yielding a spectacular return of 7X investment. Yet it is this handful of home runs that both make the Romney investment legend and also seal the indictment: they show that Bain Capital was a vehicle for leveraged speculation that was gifted immeasurably by the Greenspan bubble. It was a fortunate place where leverage got lucky, not a higher form of capitalist endeavor or training school for presidential aspirants.

The startling fact is that four of the 10 Bain Capital home runs ended up in bankruptcy, and for an obvious reason: Bain got its money out at the top of the Greenspan boom in the late 1990s and then these companies hit the wall during the 2000-02 downturn, weighed down by the massive load of debt Bain had bequeathed them. In fact, nearly $600 million, or one third of the profits earned by the home-run companies, had been extracted from the hide of these four eventual debt zombies.

The bankruptcy forced the closure of about 250—or 40 percent—of the company’s stores and the loss of about 5,000 jobs. Yet the moral of the Stage Stores saga is not simply that in this instance Bain Capital was a jobs destroyer, not a jobs creator. The larger point is that it is actually a tale of Wall Street speculators toying with Main Street properties in defiance of sound finance—an anti-Schumpeterian project that used state-subsidized debt to milk cash from stores that would not have otherwise survived on the free market.

Ironically, the businesses and jobs that Staples eliminated were the office-supply counterparts of the cracker-box stores selling shoes, shirts, and dresses that Bain kept on artificial life-support at Stage Stores Inc. At length, Wal-Mart eliminated these jobs and replaced them with back-of–the-store automation and front-end part-timers, as did Staples, which now has 40,000 part-time employees out of its approximate 90,000 total head count. The pointless exercise of counting jobs won and lost owing to these epochal shifts on the free market is obviously irrelevant to the job of being president, but the fact that Bain made $15 million from the winner and $175 million from the loser is evidence that it did not make a fortune all on its own. It had considerable help from the Easy Button at the Fed.

The lesson is that LBOs are just another legal (and risky) way for speculators to make money, but they are dangerous because when they fail, they leave needless economic disruption and job losses in their wake. That’s why LBOs would be rare in an honest free market—it’s only cheap debt, interest deductions, and ludicrously low capital-gains taxes that artifically fuel them.

The larger point is that Romney’s personal experience in the nation’s financial casinos is no mark against his character or competence. I’ve made money and lost it and know what it is like to be judged. But that experience doesn’t translate into answers on the great public issues before the nation, either. The Romney campaign’s feckless narrative that private equity generates real economic efficiency and societal wealth is dead wrong.

The Bain Capital investments here reviewed accounted for $1.4 billion or 60 percent of the fund’s profits over 15 years, by my calculations. Four of them ended in bankruptcy; one was an inside job and fast flip; one was essentially a massive M&A brokerage fee; and the seventh and largest gain—the Italian Job—amounted to a veritable freak of financial nature.

In short, this is a record about a dangerous form of leveraged gambling that has been enabled by the failed central banking and taxing policies of the state. That it should be offered as evidence that Mitt Romney is a deeply experienced capitalist entrepreneur and job creator is surely a testament to the financial deformations of our times.

“Policymakers need to think as hard about managing the current wave of disruptive innovation as technologists are thinking about turbocharging it.”

“Historically,” says Greg Blatt, the CEO of Match.com’s parent company, “relationships have been billed as ‘hard’ because, historically, commitment has been the goal. You could say online dating is simply changing people’s ideas about whether commitment itself is a life value.” Mate scarcity also plays an important role in people’s relationship decisions. “Look, if I lived in Iowa, I’d be married with four children by now,” says Blatt, a 40‑something bachelor in Manhattan. “That’s just how it is.”

“I think divorce rates will increase as life in general becomes more real-time,” says Niccolò Formai, the head of social-media marketing at Badoo, a meeting-and-dating app with about 25 million active users worldwide. “Think about the evolution of other kinds of content on the Web—stock quotes, news. The goal has always been to make it faster. The same thing will happen with meeting. It’s exhilarating to connect with new people, not to mention beneficial for reasons having nothing to do with romance. You network for a job. You find a flatmate. Over time you’ll expect that constant flow. People always said that the need for stability would keep commitment alive. But that thinking was based on a world in which you didn’t meet that many people.”

“You could say online dating allows people to get into relationships, learn things, and ultimately make a better selection,” says Gonzaga. “But you could also easily see a world in which online dating leads to people leaving relationships the moment they’re not working—an overall weakening of commitment.”

Explaining the mentality of a typical dating-site executive, Justin Parfitt, a dating entrepreneur based in San Francisco, puts the matter bluntly: “They’re thinking, Let’s keep this fucker coming back to the site as often as we can.” For instance, long after their accounts become inactive on Match.com and some other sites, lapsed users receive notifications informing them that wonderful people are browsing their profiles and are eager to chat. “Most of our users are return customers,” says Match.com’s Blatt.

The market is hugely more efficient … People expect to—and this will be increasingly the case over time—access people anywhere, anytime, based on complex search requests … Such a feeling of access affects our pursuit of love … the whole world (versus, say, the city we live in) will, increasingly, feel like the market for our partner(s). Our pickiness will probably increase.” “Above all, Internet dating has helped people of all ages realize that there’s no need to settle for a mediocre relationship.”

The session with the young men was equally jarring. None of them expressed great enthusiasm for Obama. But their depiction of Republicans was even more lacerating than the women’s had been. “Racist,” “out of touch” and “hateful” made the list — “and put ‘1950s’ on there too!” one called out.

What could they say or do to make you feel more positive about the Republican Party?” “Be more pro-science,” said a 22-year-old moderate named Jack. “Embrace technology and change.” “Stick to your strong suit,” advised Nick, a 23-year-old African-American. “Clearly social issues aren’t your strong suit. Stop trying to fight the battle that’s already been fought and trying to bring back a movement. Get over it — you lost.”

that’s where the left has beaten us, by giving smart people the space and trusting them to have success. It’s a fundamentally anti-entrepreneurial model we’ve embraced.”

the dilemma faced by Republicans in Congress. “What forces them to vote that way, 9 times out of 10, is a fear of a primary challenge,” he said. “What we hope to accomplish is to bring more voters into Republican primaries, so that it isn’t just the far right that shows up at the polls.” The dilemma, Goodwin acknowledged, is that the far-right rhetoric may well repel such voters from participating in G.O.P. primaries to begin with. “We recognize that this isn’t something that’s going to happen anytime soon,” he said.

Young Republicans now lament that no one from their side has stepped up to organize a conservative version of RootsCamp. Michael Turk, a 42-year-old Republican digital guru, suggested that the failure of G.O.P. technologists to do this springs from a uniquely Republican trait. “They all wanted to make money,” he said. “And so as a result, Katie Harbath, who was one of my deputies at the R.N.C., is now at Facebook, and Mindy Finn” — a longtime G.O.P. digital operative — “is at Twitter, and Patrick and I each started our own companies. We all found ways to parlay that into a living for our families, as opposed to just doing it for the cause.”

Several G.O.P. digital specialists told me that, in addition, they found it difficult to recruit talent because of the values espoused by the party. “I know a lot of people who do technology for a living,” Turk said. “And almost universally, there’s a libertarian streak that runs through them — information should be free, do your own thing and leave me alone, that sort of mind-set. That’s very much what the Internet is. And almost to a person that I’ve talked to, they say, ‘Yeah, I would probably vote for Republicans, but I can’t get past the gay-marriage ban, the abortion stance, all of these social causes.’

In the previous few days, the pollster interviewed Latino voters in San Diego and young entrepreneurs in Orlando. The findings were virtually unanimous. No one could understand the G.O.P.’s hot-blooded opposition to gay marriage or its perceived affinity for invading foreign countries. Every group believed that the first place to cut spending was the defense budget. During the whiteboard drill, every focus group described Democrats as “open-minded” and Republicans as “rigid.” “There is a brand,” the 28-year-old pollster concluded of her party with clinical finality. “And it’s that we’re not in the 21st century.”

To win, a reincarnated Reagan — or a Rubio or a Chris Christie or a Bobby Jindal — would still have to satisfy his base of hard-line conservatives and captivate a new generation of voters at the same time. I ran this quandary by Kristen Soltis Anderson. “It’s a big challenge,” she acknowledged. “But I think that if you can earn the trust of the people, there are ways you can say, ‘Here’s why I take this position.’ I don’t know that someone like Rubio, who may be young and attractive and well spoken, could attract young voters despite his views on gay marriage. I do think that in the absence of a very compelling reason to vote for a candidate, those social issues can be deal-breakers for young voters. The challenge is: Can you make a case that’s so compelling that you can overcome those deal-breaker issues? And I don’t know the answer to that question.”

alt-right websites will continue to spew misinformation that undermines tolerance and democracy. I find them particularly loathsome because they do their best to magnify prejudice against blacks, Muslims and Latinos, tearing our social fabric.

A BuzzFeed investigation found that of the Facebook posts it examined from three major right-wing websites, 38 percent were either false or a mixture of truth and falsehood.

More discouraging, it was the lies that readers were particularly eager to share and thus profitable to publish.

one takeaway from this astonishing presidential election is that fake news is gaining ground, empowering nuts and undermining our democracy.

Alt-right and fake news sites for some reason have emerged in particular in Macedonia, in the former Yugoslavia. BuzzFeed found more than 100 sites about U.S. politics from a single town, Veles, population 45,000, in Macedonia. “I started the site for a easy way to make money,” a 17-year-old Macedonian who runs DailyNewsPolitics.com told BuzzFeed.

Facebook has been a powerful platform to disseminate these lies. If people see many articles on their Facebook feed, shared by numerous conservative friends, all indicating that Hillary Clinton is about to be indicted for crimes she committed, they may believe it.

These sites were dubbed “alt-right” because they originally were an alternative to mainstream conservatism. Today they have morphed into the mainstream: After all, Steve Bannon, the head of Breitbart, one of these sites full of misinformation, ran Trump’s campaign.

alt-right sites agitate for racial hatred. Freedom Daily lately has had “trending now” headlines like “Black Lives Thug Rapes/Kills 69 y/o White Woman.

There are also hyperpartisan left-wing websites with inaccuracies, but they are less prone to fabrication than the right-wing sites. Indeed, the Macedonian entrepreneurs originally came up with leftist websites targeting Bernie Sanders supporters but didn’t find much reader interest in them.

The landscape ahead looks grim to me. While the business model for mainstream journalism is in crisis, these alt-right websites expand as they monetize false “news” that promotes racism and undermines democracy

he bolsters that approach, Adams says, by “exploiting the business model” like an entrepreneur. In this model, which “the news industry doesn’t have the ability to change … the media doesn’t really have the option of ignoring the most interesting story,” says Adams, contending that Trump “can always be the most interesting story if he has nothing to fear and nothing to lose.”

what Trump is doing? He is acknowledging the suffering of some, Adams says, and then appealing emotionally to that.

“The most important thing when you study hypnosis is that you learn that humans are irrational,

Having nothing to lose essentially then increases his chance of winning, because it opens up his field of rhetorical play.

Within that context, here is what Candidate Trump is doing to win campaign hearts and minds

1. Trump knows people are basically irrational.

2. Knowing that people are irrational, Trump aims to appeal on an emotional level.

“The evidence is that Trump completely ignores reality and rational thinking in favor of emotional appeal,” Adams writes. “Sure, much of what Trump says makes sense to his supporters, but I assure you that is coincidence. Trump says whatever gets him the result he wants. He understands humans as 90-percent irrational and acts accordingly.”

3. By running on emotion, facts don’t matter.

“There are plenty of important facts Trump does not know. But the reason he doesn’t know those facts is – in part – because he knows facts don’t matter. They never have and they never will. So he ignores them.

4. If facts don’t matter, you can’t really be “wrong.”

“If you understand persuasion, Trump is pitch-perfect most of the time. He ignores unnecessary rational thought and objective data and incessantly hammers on what matters (emotions).”

“Did Trump’s involvement in the birther thing confuse you?” Adams goes on to ask. “Were you wondering how Trump could believe Obama was not a citizen? The answer is that Trump never believed anything about Obama’s place of birth. The facts were irrelevant, so he ignored them while finding a place in the hearts of conservatives.

5. With fewer facts in play, it’s easier to bend reality.

Among the persuasive techniques that Trump uses to help bend reality, Adams says, are repetition of phrases; “thinking past the sale” so the initial part of his premise is stated as a given; and knowing the appeal of the simplest answer, which relates to the concept of Occam’s razor.

6. To bend reality, Trump is a master of identity politics — and identity is the strongest persuader.

“The best Trump linguistic kill shots,” Adams writes,”have the following qualities: 1. Fresh word that is not generally used in politics; 2. Relates to the physicality of the subject (so you are always reminded).”

: “Identity is always the strongest level of persuasion. The only way to beat it is with dirty tricks or a stronger identity play. … [And] Trump is well on his way to owning the identities of American, Alpha Males, and Women Who Like Alpha Males. Clinton is well on her way to owning the identities of angry women, beta males, immigrants, and disenfranchised minorities.

“In a lot of ways apps seem played out,”

One answer might be to display a new kind of tech brand: physical products that aren’t so much dominated by new technology, but instead informed by the theories and practices that have ruled the tech business.

hey say they have applied an engineering mind-set to creating ingestible items. Traditional coffee is an inconsistent product, they argue — each cup may have significantly more or less caffeine than the last — and it can have undesirable side effects, like jitteriness.

Go Cubes, which the pair developed after a long prototyping process involving many different ingredients, are meant to address these shortcomings. The cubes are more portable than coffee, they offer a precise measure of caffeine, and because they include some ingredients meant to modulate caffeine’s sharpest effects, they produce a more focused high.

Ministry of Supply, an apparel company started by entrepreneurs who were unsatisfied with business clothing that couldn’t take the punishment that we ladle on athletic clothes, uses engineering techniques to create its products.

“My broader theory is that as the world shifts from TV, movies, magazines and newspapers to the Internet, one of the secondary effects of that is that cultural influence shifts from places like New York and L.A. to the Bay Area,”

tech supporters of U.B.I. consider machine intelligence to be something like a natural bounty for society: The country has struck oil, and now it can hand out checks to each of its citizens.

These supporters argue machine intelligence will produce so much economic surplus that we could collectively afford to liberate much of humanity from both labor and suffering.

As computers perform more of our work, we’d all be free to become artists, scholars, entrepreneurs or otherwise engage our passions in a society no longer centered on the drudgery of daily labor.

“For a couple hundred years, we’ve constructed our entire world around the need to work. Now we’re talking about more than just a tweak to the economy — it’s as foundational a departure as when we went from an agrarian society to an industrial one.”

“I think it’s a bad use of a human to spend 20 years of their life driving a truck back and forth across the United States,” Mr. Wenger said. “That’s not what we aspire to do as humans — it’s a bad use of a human brain — and automation and basic income is a development that will free us to do lots of incredible things that are more aligned with what it means to be human.”

There is an urgency to the techies’ interest in U.B.I. They argue that machine intelligence reached an inflection point in the last couple of years, and that technological progress now looks destined to change how most of the world works.

Wage growth is sluggish, job security is nonexistent, inequality looks inexorable, and the ideas that once seemed like a sure path to a better future (like taking on debt for college) are in doubt. Even where technology has created more jobs, like the so-called gig economy work created by services like Uber, it has only added to our collective uncertainty about the future of work.

people are looking at these trends and realizing these questions about the future of work are more real and immediate than they guessed,”

A cynic might see the interest of venture capitalists in U.B.I. as a way for them to atone for their complicity in the tech that might lead to permanent changes in the global economy.

they don’t see U.B.I. merely as a defense of the current social order. Instead they see automation and U.B.I. as the most optimistic path toward wider social progress.

When you give everyone free money, what do people do with their time? Do they goof off, or do they try to pursue more meaningful pursuits? Do they become more entrepreneurial? How would U.B.I. affect economic inequality? How would it alter people’s psychology and mood? Do we, as a species, need to be employed to feel fulfilled, or is that merely a legacy of postindustrial capitalism?

Proponents say these questions will be answered by research, which in turn will prompt political change. For now, they argue the proposal is affordable if we alter tax and welfare policies to pay for it, and if we account for the ways technological progress in health care and energy will reduce the amount necessary to provide a basic cost of living.

They also note that increasing economic urgency will push widespread political acceptance of the idea. “There’s a sense that growing inequality is intractable, and that we need to do something about it,

Andrew L. Stern, a former president of the Service Employees International Union, who is working on a book about U.B.I., compared the feeling of the current anxiety around jobs to a time of war. “I grew up during the Vietnam War, and my parents were antiwar for one reason: I could be drafted,” he said.

Today, as people across all income levels become increasingly worried about how they and their children will survive in tech-infatuated America, “we are back to the Vietnam War when it comes to jobs,

In fact, our major political divisions rest on radically different conceptions of “freedom.”

In the broadest terms, those on the right cherish a nostalgic dream that hopes for a return to a golden past of traditional values and individual responsibility, whereas those on the left project a utopian future in which we reject our history of oppression and create new values of diversity and collective action.

More specifically, some think freedom is essentially the right to seek wealth and happiness with minimal governmental restraint, whereas others say freedom requires governmental guarantees of basic economic security and full respect for the rights of marginalized groups.

we deceive ourselves if we think there is some substantive shared political values that we are all seeking.

revolutionary divisions set the tone for the subsequent history of the United States. The roughhouse of party conflict, not judicious civil debate, has been the norm.

I would suggest that today our fundamental political conflict is over the place of the capitalist economic system in a democracy. The right sees capitalism as the paradigm of freedom: entrepreneurs creating the wealth that enriches both themselves and the nation. The left acknowledges an essential economic role for capitalism — at least for the time being — but also sees it as a fundamental danger to freedom, a constant push away from democracy and toward an oligarchy of the wealthy.

recent events, here and elsewhere, revive the worry, expressed by Plato, that populist democracy can readily pave the way to dictatorship. Resisting this threat (and this temptation) is the first duty of today’s patriots.

The Bill of Rights, sometimes taken as a definitive statement of what freedom means, was in fact a hasty appendix to the Constitution and provided only a rough starting point subject to further amendment and continuous interpretive disputes.

Instead of a vision of freedom, the founders gave us a framework for an indefinite continuation of their revolutionary struggle over what freedom should mean to Americans.

True patriotism now requires not reaching across the aisle; it demands mounting the political barricades.

the public education system will be transformed into a student-centric one

move beyond the old input-based metrics used to micro-manage how people in the existing public-education system work and instead embrace outcomes-based regulations that reward individual student learning gains and liberate educators on the ground to figure out the best way to achieve those gain

Focusing on outcomes, on the other hand, encourages continuous improvement against a set of overall goals

move beyond today’s time-based rules—those policies, regulations and arrangements that hold time as a constant and learning as the variable, which inhibits the ability to move to a competency-based learning system

At Stanford more than elsewhere, the university and business forge a borderless community in which making money is considered virtuous and where participants profess a sometimes inflated belief that their work is changing the world for the better

Faculty members commonly invest in start-ups launched by their students or colleagues. There are probably more faculty millionaires at Stanford than at any other university in the world.

In his twelve years as president, Stanford’s endowment has grown to nearly seventeen billion dollars. In each of the past seven years, Stanford has raised more money than any other American university.

But Stanford’s entrepreneurial culture has also turned it into a place where many faculty and students have a gold-rush mentality and where the distinction between faculty and student may blur as, together, they seek both invention and fortune.

A quarter of all undergraduates and more than fifty per cent of graduate students are engineering majors. At Harvard, the figures are four and ten per cent; at Yale, they’re five and eight per cent.

many students uncritically incorporate the excesses of Silicon Valley, and that there are not nearly enough students devoted to the liberal arts and to the idea of pure learning. “The entire Bay Area is enamored with these notions of innovation, creativity, entrepreneurship, mega-success,” he says. “It’s in the air we breathe out here. It’s an atmosphere that can be toxic to the mission of the university as a place of refuge, contemplation, and investigation for its own sake.”

Among the bolder initiatives to create T-students is the Institute of Design at Stanford, or the d.school, which was founded seven years ago and is housed in the mechanical-engineering department.

Feeling dejected or unhappy in a place like Stanford causes one to feel abnormal and out-of-place, so we may tend to internalize and brood over this lack of happiness instead of productively addressing the situatio

his principal academic legacy may be the growth of what’s called “interdisciplinary education.” This is the philosophy now promoted at the various schools at Stanford—engineering, business, medicine, science, design—which encourages students from diverse majors to come together to solve real or abstract problems. The goal is to have them become what are called “T-shaped” students, who have depth in a particular field of study but also breadth across multiple disciplines. Stanford hopes that the students can also develop the social skills to collaborate with people outside their areas of expertise. “Ten years ago, ‘interdisciplinary’ was a code word for something soft,” Jeff Koseff says. “John changed that.”

Stanford is not the only university to adopt this approach to learning—M.I.T., among others, does, too. But Kelley’s effort is widely believed to be the most audacious. His classes stress collaboration across disciplines and revolve around projects to advance social progress. The school concentrates on four areas: the developing world; sustainability; health and wellness; and K-12 education.

Distance learning threatens one day to disrupt higher education by reducing the cost of college and by offering the convenience of a stay-at-home, do-it-on-your-own-time education. “Part of our challenge is that right now we have more questions than we have answers,” Hennessy says, of online education. “We know this is going to be important and, in the long term, transformative to education. We don’t really understand how yet.”

In late January, a popular d.school class, Entrepreneurial Design for Extreme Affordability, taught by James M. Patell, a business-school professor, consisted of thirty-seven graduate and three undergraduate students from thirteen departments, including engineering, political science, business, medicine, biology, and education. It was early in the quarter, and Patell offered the students a choice of initial projects. One was to create a monitoring system to help the police locate lost children. Another was to design a bicycle-storage system.

“The kinds of project we put in front of our students don’t have right and wrong answers,” Greenberg says. “They have good, better, and really, really better.”

he was impressed by “the bias toward action” at the d.school. Newspapers have bureaucracy, committees, hierarchies, and few engineers, he said. At the Post, “diversity” was defined by ethnicity and race. At the d.school, diversity is defined by majors—by people who think different.

Byers has kept in touch with Systrom and Krieger and remembers them as “quiet and quite humble,” by which he means that they were outstanding human beings who could get others to follow them. They were, in short, T-students.

The United States has “two types of college education that are in conflict with each other,” he said. One is “the classic liberal-arts model—four years of relative tranquility in which students are free to roam through disciplines, great thoughts, and great works with endless options and not much of a rationale.” The second is more utilitarian: “A college degree is expected to lead to a job, or at least to admission to a graduate or professional school.” The best colleges divide the first two years into introductory courses and the last two into the study of a major, all the while trying to expose students to “a broad range of disciplines and modes of thought.” Students, he declared, are not broadly educated, not sufficiently challenged to “search to know.” Instead, universities ask them to serve “the public, to work directly on solutions in a multidisciplinary way.” The danger, he went on, is “that academic researchers will not only embrace particular solutions but will fight for them in the political arena.” A university should keep to “its most fundamental purpose,” which is “the disinterested pursuit of truth.

Stanford, along with its peers, is now justifying its existence mostly in terms of what it can do for humanity and improve the world,” he answered. “I am concerned that a research-intense university will become too result-oriented,” a development that risks politicizing the university. And it also risks draining more resources from liberal arts

students spent too much time networking and strategizing and becoming “slaves to the dictates of a hoped-for future,” and too little time being spontaneous. “Stanford students are superb consequentialists—that is, we tend to measure the goodness of actions by their eventual results,

We excel at making rational calculations of expected returns to labor and investment, which is probably why so many of us will take the exhortation to occupy Wall Street quite literally after graduation. So before making any decision, we ask one, very simple question: What will I get out of it?”

“At most great universities, humanities feel like stepchildren,”

The long-term value of an education is to be found not merely in the accumulation of knowledge or skills but in the capacity to forge fresh connections between them, to integrate different elements from one’s education and experience and bring them to bear on new challenges and problems. . . . Yet we were struck by how little attention most departments and programs have given to cultivating this essential capacity. We were also surprised, and somewhat chagrined, to discover how infrequently some of our students exercise it. For all their extraordinary energy and range, many of the students we encountered lead curiously compartmentalized lives, with little integration between the different spheres of their experience.

Instead of erecting buildings, Andreessen says, Stanford should invest even more of its resources in distance learning: “We’re on the cusp of an opportunity to deliver a state-of-the-art, Stanford-calibre education to every single kid around the world. And the idea that we were going to build a physical campus to reach a tiny fraction of those kids was, to me, tragically undershooting our potential.”

financial aid has produced a campus of diverse students who are unburdened by student debt—and who thus don’t have to spend the first five years of their career earning as much money as they can.

The “key question,” he says, is: “How can we increase efficiency without decreasing quality?”

online education might also disrupt everything that distinguishes Stanford. Could a student on a video prompter have coffee with a venture capitalist? Could one become a T-student through Web chat? Stanford has been aligned with Silicon Valley and its culture of disruption. Now Hennessy and Stanford have to seriously contemplate whether more efficiency is synonymous with a better education.

China’s political sphere remains male-dominated: women are starkly underrepresented in China’s Parliament and the Communist Party’s Central Committee. In fact, many young Chinese women, disillusioned about their prospects in an economy many see as navigable only by those with money or connections, say the best hope for a woman is “to marry a rich man.” On a popular TV dating show, a model rebuffed an endearing but poor suitor by saying, “I’d rather cry in a BMW than laugh on the back seat of a bicycle.” In a survey of more than 50,000 single women, as reported in China Daily, 80 percent agreed that “only men who make more than 4,000 yuan [$634] a month deserve to have a relationship with a woman.”

at least in business, women and men in China operate largely on a level playing field. “Sixty years of communism,” said Yu, “did one really good thing: bring true equality between the sexes. I think people in China are brought up believing that women are just as capable as men.”

the Mao era was a deviation for China: anti-intellectual, anti-Confucian, collectivist rather than family-oriented. Thus, as China sheds its communist mantle, it is not only Westernizing but also Sinicizing, rediscovering its traditional values.

These values, however, are mutating. The traditional Chinese family, for example, was a pyramid, with a few revered elders at the pinnacle and many younger generations below. In a typical Chinese family today, the pyramid has been inverted, with a “little emperor” only child at the bottom, doted on and catered to by parents and grandparents. At the same time, while the intense competitive pressures of Confucian China have returned, the countervailing Confucian values—selflessness, compassion, honor, and rectitude—have not. As a result, many worry that the China emerging from communism will know no values other than wealth and materialism.

“When we were growing up,” says Yang, “we wanted to be nurses, doctors, astronauts, teachers. Today people are suspicious of anything noble or grand. Kids just want to be rich or powerful.” In 2009, schoolchildren in Guangzhou City were asked what they wanted to be when they grew up. A viral Internet video—later blocked and deleted—showed an adorable 6-year-old giving her answer: “A corrupt official.”

the four women I interviewed are a new breed. Progressive, worldly, and open to the media, they are in many ways not representative of China, past or present. Perhaps they are merely the lucky winners of the 1990s free-for-all in China, a window that may already be closing. Or perhaps they are the forerunners of a China still to come, in which paths to success are far more open.

When Facebook goes public, he will own a minority stake in the company — but will control more than half of the voting power.

Mr. Zuckerberg is fascinated by ancient Greece and Rome. As a boy, a favorite video game was Civilization, the object of which is to “build an empire to stand the test of time.” Civilization, one friend says, was “training wheels for starting Facebook.”

particularly in the early days, Mr. Zuckerberg was so confident that he often came across as aloof. He wasn’t the best communicator, Mr. Green says. “You can see that as a bad thing, but you have to have an irrational level of self-confidence to start something like Facebook

Eager to protect Mr. Zuckerberg, he helped come up with legal documents that guaranteed Mr. Zuckerberg two Facebook board seats. (Mr. Parker got one.) As long as Mr. Zuckerberg held a seat, his shares couldn’t be taken from him

“Microfilm and microfiche were once a utopian vision of access to all information,” Mr. Kahle noted, “but it turned out we were very glad we kept the books.”

“A lot of libraries are doing pretty drastic weeding,” said Judith Russell, the University of Florida’s dean of libraries who is sending the archive duplicate scholarly volumes. “It’s very much more palatable to us and our faculty that books are being sent out to a useful purpose rather than just recycled.”

If serious “1984”-style trouble does arrive, Mr. Lesk said, it might come as “all Internet information falls under the control of either governments or copyright owners.” But he made clear he thought that was unlikely.

Before the books make it the 150 feet to the shipping containers for storage, some will have to travel 12,000 miles to China. The Chinese, who are keen to build a digital library, will scan the books for themselves and the archive and then send them back. The digital texts will be available for the visually impaired and other legal purposes.

when Romney divides the world into makers and takers and presumes that our ability to pay federal income tax is a measure of which group we belong to, he sends a different message. He implicitly tells average Americans that their quiet work doesn’t “make” America unless they are entrepreneurs who make enough money. Worse, he tells them that their lives aren’t even dignified, that they are “takers” who are unable to exercise personal responsibility over their lives.

I choose to rededicate myself to building that shining city on a hill that Reagan evoked when he brought conservatism out of the wilderness.That city is one we all can help build and in which we all can live. It’s a city with citizens, not clients; a place where the government doesn’t keep its hands off or provide handouts but, instead, offers everyone a hand up. It’s one that exists not to enrich the few but to ennoble the many.

After Nov. 6, whether Romney wins or loses, the conservative movement will still face a time for choosing. Do we still value the Lenny Skutniks and Joe the Plumbers? Or are we a movement that not so subtly tells the average Jane and Joe that their sacrifices don’t count, that the place of honor is set only for the highest and most successful among us?

Drucker identifies seven key sources of innovative opportunity, including such things as changes in demographics, perceptions and meaning, as well as industry structures. But the most important, he notes, are unexpected successes, which can reveal new possibilities and discrepancies between reality as it is assumed to be and reality as it is, in fact.

“Mindfulness” by Ellen J. Langer

Langer uses the term mindfulness, which is commonly associated with meditation, to describe a state of being in which one becomes oriented in the present, open to new information, sensitive to context, aware of different perspectives and untrapped by old categories.

How do you help people enter this state? One way is to help people reject absolute categories in favor of open-ended frames

Framing questions and instructions conditionally — or prompting people to be in the present in other ways — consistently leads to more creativity: musicians play with more energy and nuance; camp counselors provide better feedback to children; children think more critically in school.

Once you discover these values systems, you begin to recognize how they play out in society every day: how they shape behaviors in institutions that evolved out of different traditions

“Systems of Survival: A Dialogue on the Moral Foundations of Commerce and Politics” by Jane Jacobs

“Innovation and Entrepreneurship” by Peter F. Drucker

we possess these two radically different ways of dealing with our needs, we also have two radically different systems of morals and values — both systems valid and necessary,”

Jacobs labels these systems “commercial” and “guardian” moral syndromes — the former historically associated with commerce, the latter with the military and government.

In the commercial syndrome, Jacobs identifies 15 values, including: “shun force,” “collaborate easily with strangers and aliens,” “be open to inventiveness and novelty,” “dissent for the sake of the task,” “be thrifty,” “be optimistic.”

By contrast, in the “guardian” syndrome she finds a parallel set of values like: “exert prowess,” “be obedient and disciplined,” “adhere to tradition,” “deceive for the sake of the task,” “be ostentatious,” “be fatalistic.”

Jane Jacobs is famous for her classic, “The Death and Life of Great American Cities.” In “Systems of Survival,” she asserts that our ethical frameworks have grown out of the fact that there are two ways that human beings ensure their survival: taking and trading.

her analysis helps explain whether institutions that blend value sets —like nonprofits or certain government departments — will encounter cultural obstacles or discover unforeseen opportunities.

“Self-Renewal: The Individual and the Innovative Society” by John W. Gardner

Why do once vibrant institutions become calcified as they mature? Why do they lose their creative edge as they become more efficient? “A society decays when its institutions and individuals lose their vitality,”

he outlines what societies must do to renew their institutions on a continuing basis. It begins by helping individuals renew themselves: helping them to develop the self-knowledge and spiritedness needed to “to assault the complacency and rigidity of the status quo.” He outlines qualities of mind that are needed for this task: versatility and adaptability, the ability to tolerate ambiguity, the willingness to fail

“Instead of giving young people the impression that their task is to stand a dreary watch over the ancient values,” writes Gardner, “we should be telling them the grim but bracing truth that it is their task to re-create those values continuously in their own behavior, facing the dilemmas and catastrophes of their own time.”