1/ There is no social capital without impersonal institutions to store it in. Human brains can only create/use/destroy it, not store it.
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Replying to @vgr
2/ Or put it another way, Gemeinschaft offers -ve interest rate on social capital store, thought it can seem +ve due to creation>destruction
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Replying to @vgr
3/ Gesellschaft stores can not only offer +ve interest when well conceived, they can also support exchange to/from financial capital
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Replying to @vgr
4/ But when trust in such institutions is at a historic low, financial capital stays trapped in its own world
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Replying to @vgr
5/ Why are we unable to invest huge $ surpluses in things like cities, educational institutions etc. like VCs in startups? Low trust
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Replying to @literalbanana
@literalbanana when did you go from suspicious to wrong? Good to be suspicious of schooling, wrong to be nihilistic about it
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Replying to @literalbanana
@literalbanana wrong --> less wrong --> more right --> postrational --> wrong again. Circle of intellectual life for collective ritualists
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Replying to @vgr
@literalbanana come over to dark side. It goes wrong --> funny --> rich --> random0 replies 0 retweets 2 likes
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