This article describes the classic failure modes of a centrally planned economy, but for some reason calls it "overcapitalization" instead. Whatever you call it, the tech part is a distraction. This is what happens in any society, at any time when money is assigned by capricehttps://twitter.com/ahcastor/status/1194340426511273984 …
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The untold part of the story is how the move to central planning destroyed the greatest seedbed of innovation in American history, the tech startup economy. The startups are still there, but the only thing they innovate in is telling investors compelling stories
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similar things could have been said in 2002, but look where we are now
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Replying to @gorkemyurt @suldrew
Similar things were said in 2002, and look where we are now.
2:34 PM - 12 Nov 2019
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