Few understand the impact of this fact (including me till recently), but this is one of the most important statements you'll find buried deep down in a Twitter thread today.https://twitter.com/OlivierMilla/status/1386955906852823041 …
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I see, that makes sense. We did contemplate making Prolific a non-profit back in the day. Decided against it because you're too dependent on other people's mercy. Better to be self-sufficient!
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Oligopsony is more accurate.
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This is perhaps better understood as the virtue discount. Consider it against the menace premium that Trafigura has to pay.
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Teachers suffer from the discount as well. Wherever you find high emotional attachment to the moral virtue of the work, you find workers are exploited.
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There seems to be some fundamental law in economics resulting in that and in the phenomenon of bullshit jobs
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Influence on non profits is worse, because usually it will be buried under the garb of apparent good deeds, and hence difficult to fathom the real intentions. Especially important to ensure donors have no say. In ancient India, donee never knew the donor who would be anonymous !
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But there are in fact many big donors, at least by the standards we use to judge concentration in markets.
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This same and maybe even worse applies to research. Federal government dominates - especially fundamental research - and dictates who gets paid and how much.
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