I'm perplexed by some reactions to Bezos' $2b fund. TLDR:
Bezos, the top capital allocator of our time, shouldn't decide how his $2b is allocated. The government, which is demonstrably bad at spending, should handle this.
Sincerely,
Random person trying to allocate the $

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Replying to @lpolovets
Kindly, it’s not perplexing that you, a capital allocator in areas where you possess questionable depth, believe that someone whose capital allocation sustains gross inequities should be in a position to allocate capital in a space where he also possesses no depth.
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Replying to @SekaiFarai
My comment is as much about personal freedom as about allocation ability. On the allocation side, governments are terrible at it because politicians have zero skin in the game. On the freedom side, it's his money, he should do what he wants with it (as long as it's legal).
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Replying to @lpolovets @SekaiFarai
A more accurate statement is that American voters don’t really care about poverty and homelessness (beyond perceiving it as a nuisance) so the officials they elect never have a strong enough mandate to meaningfully solve it.
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Replying to @kimmaicutler @SekaiFarai
I was thinking about this more in the context of overspending. E.g. I don't think a private enterprise would ever pay $600m for http://healthcare.gov , but the government would. (Or if an enterprise did pay that, they'd go out of business instead of getting more spending $$.)
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Replying to @lpolovets @SekaiFarai
The dividing line between what is public and privately operated is complicated. It’s also possible that in privatizing so fully, the public sector loses its core competency, talent and ability to assess what private sector actors are offering it on contract.
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(I can let
@shashashasha who worked on http://healthcare.gov address specifics w how that was managed poorly.)1 reply 0 retweets 0 likes -
Replying to @kimmaicutler @lpolovets and
But your example isn’t great bc the whole American healthcare system (which is actually many different systems from employer-based private to Medicare to VA to military personnel) is the most expensive among industrialized countries bc the American voter can’t grok complexity
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In how public-private models actually work in a spectrum and not in a free markets/socialism binary.
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