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Living and Investing in Mongolia

Got this email titled "Investing and Living in Mongolia" from a reader. Good questions here -

Hi Sebastian,

I enjoy your blog. I saw that you recently moved to Mongolia. I am curious what made you move to Mongolia (i.e. curiosity to explore vs. a new job)? What is it like there for foreigners? Is it a suitable environment for investing capital? Do you feel safe?

Mongolia is an extremely promising country from the outside, yet nothing beats the perspective of someone who is there on the inside (even though you have not been there a very long time).

All the best,

Thoughts on Nationalism

Joachim asks a good question in the comments -

I’d be interested in an expanded version of your thoughts on nationalism. My perspective is quite different – global problems require global solutions – but then you’re from the “USA! USA!” while my continent has been devastated by two world wars (more recently, consider e.g. the troubles in Yugoslavia.)

I think nationalism is like a catalyst or accelerator - it makes a place go more in the direction it's currently going. During a renaissance, nationalism makes more people excited to try new things, explore, invent, and expand. During a recovery period, nationalism encourages solidarity, a helping hand, and backing each other up instead of just feeling defeated.

It cuts both ways - in a beaten down, embarrassed nation that's paying reparations to the other side, nationalism really makes that anger and hostility get explosive - that's what Hitler whipped up. On the other hand, nationalism among the allies helped them carry on strongly, survive, and triumph. Keep calm and carry on...

Nationalism in North Korea translates to more loyalty to the insane regime, whereas nationalism in South Korea means hard work, modernization, and a high quality of life.

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