Thorstein Veblen (1857–1929) advocated a left capitalism unlike any political position existing today. http://en.wikipedia.org/wiki/Thorstein_Veblen#Veblen.27s_economics …
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Replying to @Meaningness
Veblen's overriding value was "get everyone out of the way of anyone actually doing things, especially engineers."
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Replying to @Meaningness
Veblen was nostalgic for times when factories were typically managed by technically-ept owners, who ran them sensibly.
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Replying to @Meaningness
Securitization, mostly new in late 1800s, created principal-agent problem: clueless owners and self-interested managers.
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Replying to @Meaningness
Veblen's "get money people out of the way of engineers" politics could be highly attractive to Silicon Valley entrepreneurs—but not VCs.
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Replying to @Meaningness
As someone who built a tech company without external capital, Veblen’s outlook is natural for me; but not every company can do that.
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No one reads Veblen now. A pity; he anticipated much of evopsych, and had many insights other than "conspicuous consumption".
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