China’s patience with both

In 1860, China lost its direct access to the Sea of ​​Japan after signing the Beijing Convention with the Russian Empire, ceding territories that today form part of Primorsky Krai. That signing left Beijing just a few kilometers from the sea… but without being able to touch it. More than 160 years later, that geographical wound continues to condition its strategy. A small river with enormous ambitions. He Tumen River It is one of those geographical features that seem minor until you look at a map with strategic eyes. Only a narrow strip of water separates China from direct access to the Sea of ​​Japan, and that small barrier has been frustrating a Beijing’s historic aspiration: go out to the northeastern Pacific without depending on longer or patrolled routes. On paper it seems like a technical issue. In reality, it is a question of power. Because that little river lost between Russia and North Korea is testing something much bigger: how much Moscow and Pyongyang are willing to tolerate Chinese strategic expansion. The old Chinese obsession. Since the Qing dynasty ceded part of that region to the Russian Empire in 1860China carries a geographical thorn. That lost section left Beijing without a comfortable exit to the Sea of ​​Japan. Regain access through of the Tumen It has been a silent aspiration for decades. It is not just a commercial issue. If China manages to navigate freely there, it wins a direct door towards a space where the Russian Pacific Fleet in Vladivostok and the forces of US allies such as Japan and South Korea operate. In other words: a minimum river with maximum impact. Russia and North Korea are playing something else. The problem for Beijing is that its two neighbors have your own calculations. Although officially Russia has shown some willingness to cooperate, on the ground the reality is more ambiguous. The agreement signed in 2024 between Kim Jong-un and Vladimir Putin to build a bridge over the river further complicates Chinese navigation. That bridge is more than just infrastructure: it is a political signal. Moscow and Pyongyang are strengthening their bilateral ties, but not necessarily opening more space for Chinese influence. Three allies, three agendas. The situation perfectly reflects the current logic between the three countries: they share interests, but not identical objectives. While China wants access and depth strategically, North Korea wants military and technological support Russian without becoming too absorbed by Beijing. For its part, Russia wants to use Pyongyang as a military partner and keep china closebut not so close as to feel surrounded in its Far East. This is what some analysts summarize with a simple idea: they are in the same bed, but dreaming different things. The sea that changes everything. There is no doubt, if China manages to fully open that corridor, the regional equation changes. Today they could be Chinese merchant ships crossing into the Sea of ​​Japan. Tomorrow they could be warships. And there all the alarms go off. For North Korea it would mean living with a Chinese naval presence more intense right next door. For its part, for Russia it would mean accepting that its peaceful rearguard is increasingly exposed to the shadow of Beijing. And for Japan, South Korea and the United States it would be confirmation of a new military axis most active in one of the most tense areas of Asia. Beijing’s patience has limits. The silence after the last summit between Xi Jinping and Kim Jong Un on the Tumen says much more than it seems. China continues to push, but for now neither Russia nor North Korea seem willing to give it what it wants. And that can become a source of friction. Because for Beijing, the Tumen is not just a river: it is a question of prestige, access and projection of power. And the more Moscow and Pyongyang strengthen their cooperation without counting on China, the more the feeling will grow in Beijing that its two partners are taking advantage of its support… without giving it strategic space in return. Image | Baycrest, farmTowerCard In Xataka | Three times as powerful as the Three Gorges: this is the hydroelectric colossus with which China “is trying to tame nature” In Xataka | Taiwan has been inspired by Ukraine by giving its citizens a weapon against China: “It’s like acquiring a new skill”

What did Immanuel Kant mean when he argued that patience is not “a force of resistance, but rather one that hopes to make suffering satisfactory?”

“Patience has generally been considered a virtue, but it has been very difficult to explain why,” said Paul Davies a couple of years ago. And he is right. Not only because we human beings have paid little attention to it, but because patience has something that makes it difficult to understand. After all, patience is too much like passivity, doing nothing, enduring whatever is thrown at us. What can have positive Be patient if the entire modern world has been built around autonomy, personal will and self-determination? Luckily, we have Immanuel Kant to get us out of trouble. An equivocal virtue. As soon as we stop to think about patience, we realize that it has no content of its own: it is always patience “for” something. And, of course, it is difficult to maintain that something is good in itself if it is little more than a psychological ability… Is patience for evil also a virtue? And Kant’s response is… admit it. For him, patience only acquires moral status if we complement it with something else; but staying there would be a mistake. We speak of “the ability to hold oneself in a position that does not offer immediate gratification without this absence of gratification being experienced as suffering”. The Kantian virtuous is not someone who suffers from duty, he is someone who develops sufficient moral strength so that this wait becomes a positive experience. That is, he is someone who is patient in the full sense: he is not someone who resists instinct, he is someone who actively experiences that wait. What the hell does all this mean? Basically, for Kant, although being patient only makes moral sense in virtue of something; If our logic is to “be patient” to obtain a result, everything is wrong. We will have fallen into the trap: if we look for it, we have already lost it. Although formulating it this way would horrify the Konigsberg philosopher, his vision of patience is very similar to the idea of ​​enjoying the process for its own sake. In more Kantian terms, we could talk about ‘moral satisfaction’: “an indirect enjoyment of the inner freedom that arises from the consciousness of mastery over one’s own inclinations.” And can this be trained? In several of his worksthe philosopher addresses the question of whether this ‘moral strength‘What we call patience can be trained. And his answer is yes; although, to tell the truth, in an unusual way. Because it is not about doing self-control exercises, nor conditioning yourself to inhibit specific stimuli. For Kant, what is really important is to train ‘moral attention’: focusing on seeing how our inclinations affect how we see things and the evaluations we make about them; glimpse what is best. Over time, patience will come alone. The most interesting image has to do with ‘writing’: fluency is not achieved by seeking fluency, it is achieved by writing a lot. Image | Xataka In Xataka | 2,000 years ago Epicurus had already understood the secret of pleasure: “Nothing is enough for those who have enough is little.”

A Norwegian company is building an empire buying Spanish software startups for SMEs. With patience and without mergers

Norway houses one of the biggest Spanish software startup buyers, although not well known beyond the niche niche. With five acquisitions since 2021 and more than 250 million euros invested in Spain, Visma has become a fundamental actor in the national technology and entrepreneuraccording to a long analysis of EcoTechers. Operational independence as a management model The Nordic giant broke into the Spanish market in 2021 with The acquisition of HoldedBarcelona business management software, which disbursed more than 190 million euros. Since then, has incorporated to declaring, woffu, quaderno and, The most recent, Tugesto, A Valencian startup that was participated by Angels, Juan Roig’s investment society, president of Mercadona. “I would expect something more this year for own ambition and project ambition. 2025 and 2026 are going to be years of many outings of Private Equity who entered the year 2021 and 2022. We are already beginning to see movements, “says Miguel García-Paredes, responsible for mergers and acquisitions for Spain and Portugal of Visma, according to EcoTechers. The most striking of its strategy is that, unlike other corporate buyers, Visma maintains companies acquired as independent entities, retaining their brands and management teams. “The idea of ​​visma is to set up an ecosystem rather than also from entrepreneurs and conserve the entrepreneur,” said García-Paredes. This philosophy was evident after the recent purchase of Tugesto. As reports The economist“It will continue to operate as an independent company under the same name and address.” Manuel Fandos, CEO of Tugesto, said That this union represents “a unique opportunity to revolutionize business management together, especially in a market such as payroll software, where much remains to be achieved and innovate in Spain.” Who is visma: the discreet multinational Founded in 1996 by merger It was privatized by the HG capital fund. Currently, its shareholding is distributed mainly between HG Capital (70%) and the Sustain Fund of Singapore GIC (14%). The company has closed the year 2024 with 2.8 billion euros of income, a growth of 17%, and 893 million EBITDA (+26.6%)according to data provided to EcoTechers. In Spain, where it has more than 400 employees, it hopes to reach 60 million billing this year. “Spain is one of the highest growth for visma,” said Merete Hverven, CEO of the group, to The economist In 2023. “From our landing in 2021, we grow at a rate of 70%.” Visma has perfected its acquisition strategy after More than 373 completed operations worldwide. Only between 2023 and 2024 closed more than 70 purchases. In Spain, its focus is on SME -centered software startupsan easy pattern to detect seeing your history. According to García-Paredes, they look for companies that meet or approach the “40 rule” for software, that is, the sum of the percentage of income in income and the Ebitda margin is equal to or greater than 40. The company, which has a presence in 27 countries in Europe and Latin America, sees in Spain a strategic market for its size – almost 50 million inhabitants – and for the “growing advance of digitalization”, factors that predict that there will be more acquisitions in the future. Outstanding image | VISMA In Xataka | The technological basis of quantum computers developed in Europe: what happened so that in the long term we lost the race

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