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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Patrick McKenzie‏ @patio11 20 Dec 2019
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      A thing I believe with medium confidence: One reason many institutions today are weaker than counterparts were generations ago was that allocation of smart people got more efficient for certain definitions of efficient, and institutions no longer benefit from so much free lunch.

      18 replies 33 retweets 309 likes
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    2. Patrick McKenzie‏ @patio11 20 Dec 2019
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      I don't know what to do with this belief, because on the one hand I rather like many institutions, but I don't particularly think they have a right to nosh on peoples' time and talents, and I think it feels unlikely that this genie goes back in the bottle.

      6 replies 2 retweets 67 likes
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      Patrick McKenzie‏ @patio11 20 Dec 2019
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      "Can you give me an example?" The Catholic Church for much of recorded history, teaching as a profession prior to women having routine access to professional employment, the United States federal government between about 1920 and about 1960, etc.

      9:02 AM - 20 Dec 2019
      • 4 Retweets
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      11 replies 4 retweets 127 likes
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        2. Devon‏ @devonzuegel 20 Dec 2019
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          Replying to @patio11

          This rings true to me! A guess at why: Increase in opportunity means that we have less lock-in (geographic, cultural, or otherwise), so people can defect more easily, turning more situations into Prisoner's Dilemmas

          2 replies 0 retweets 3 likes
        3. Patrick McKenzie‏ @patio11 20 Dec 2019
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          Replying to @devonzuegel

          It's not obvious to me that we're not in Cooperate/Cooperate looking at Defect/Defect as the good old days.

          1 reply 0 retweets 4 likes
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        2. Juan‏ @JuanIsidro 20 Dec 2019
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          Replying to @patio11

          So if I get it, you’re saying that Catholic Church benefited from ample talent pool because they basically had monopoly on universities and knowledge, but now that people are free to go other places, they’d rather go there than the Church, so the Church suffers.

          1 reply 0 retweets 0 likes
        3. Patrick McKenzie‏ @patio11 20 Dec 2019
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          Replying to @JuanIsidro

          That's directionally what I'm saying, but its stronger than "The Church had a good talent pool" (which is likely still true, approximately).

          1 reply 0 retweets 1 like
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        2. Patrick Collison‏Verified account @patrickc 20 Dec 2019
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          Replying to @patio11

          I am pretty sure there's some amount of truth to this. That said, I think we should be cautious for two reasons: (1) the returns in the field are *somewhat* endogenous (maybe urban construction would be much more interesting to those people if it weren't so inhibited!).

          1 reply 0 retweets 8 likes
        3. Patrick Collison‏Verified account @patrickc 20 Dec 2019
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          Replying to @patrickc @patio11

          (2) When spending time with people in the relevant domains, am often struck (in a positive way) by their quality. Larger bureaucratic/institutional dynamics seem to be significant forces.

          1 reply 0 retweets 9 likes
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        2. Federico Vaggi‏ @F_Vaggi 20 Dec 2019
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          Replying to @patio11

          @zephoria made this point very well 10 years ago about a lot of work that's stereotypically been heavily gendered https://www.zephoria.org/thoughts/archives/2009/10/19/teaching_nursin.html …

          1 reply 0 retweets 4 likes
        3. Federico Vaggi‏ @F_Vaggi 20 Dec 2019
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          Replying to @F_Vaggi @patio11 @zephoria

          Specifically, we have historically gotten away with underpaying nurses and teachers because brilliant women were de facto forced to go into these professions

          0 replies 1 retweet 4 likes
        4. End of conversation
        1. J Wynia‏ @jwynia 20 Dec 2019
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          Replying to @patio11

          Also a lot of rural areas benefited a great deal before people could easily leave for better opportunities.

          0 replies 0 retweets 9 likes
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        1. Alex Bowles‏ @alexqgb 21 Dec 2019
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          Replying to @patio11

          Years ago, I heard a less generalized version of this theory used to explain the decline of the Mafia in the US. As discrimination against Italian immigrants waned, allowing them into better and better jobs, the mob lost its most reliable source of sharp minds.

          0 replies 0 retweets 1 like
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