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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    1. Paul Graham‏Verified account @paulg 16h16 hours ago

      Paul Graham Retweeted Olivier Milla

      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 …

      Paul Graham added,

      Olivier Milla @OlivierMilla
      Replying to @paulg @seanrose
      Probably the biggest monopsony ever.
      18 replies 14 retweets 203 likes
    2. Katia Damer, PhD  ♠️‏ @ekadamer 16h16 hours ago
      Replying to @paulg

      could you elaborate, Paul? I’ve googled the word “monopsony” and I think I understand its meaning, but still would like to learn why this is so profoundly important

      3 replies 0 retweets 32 likes
      Paul Graham‏Verified account @paulg 16h16 hours ago
      Replying to @ekadamer

      There are few really big donors, so they have great power over nonprofits, and in the case of the good nonprofits, this power is mostly used for the worse.

      1:30 AM - 27 Apr 2021
      • 71 Likes
      • Nostromo Rider Michael Keenan Grant Parker TJ Murphy Leon Markham Davis Dudchock Silas Strawn YT: thisisrahmat Eric Chang
      7 replies 0 retweets 71 likes
        1. Katia Damer, PhD  ♠️‏ @ekadamer 16h16 hours ago
          Replying to @paulg

          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!

          0 replies 0 retweets 6 likes
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        1. Daniel Plant‏ @jdanplant 15h15 hours ago
          Replying to @paulg @ekadamer

          Oligopsony is more accurate.

          0 replies 0 retweets 5 likes
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        2. Daniel Plant‏ @jdanplant 15h15 hours ago
          Replying to @paulg @ekadamer

          This is perhaps better understood as the virtue discount. Consider it against the menace premium that Trafigura has to pay.

          1 reply 0 retweets 0 likes
        3. Daniel Plant‏ @jdanplant 15h15 hours ago
          Replying to @jdanplant @paulg @ekadamer

          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.

          1 reply 1 retweet 2 likes
        4. Show replies
        1. trylks‏ @trylks 15h15 hours ago
          Replying to @paulg @ekadamer

          There seems to be some fundamental law in economics resulting in that and in the phenomenon of bullshit jobs

          0 replies 0 retweets 1 like
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        1. Sanjay Phadke‏ @sanjovi_98 11h11 hours ago
          Replying to @paulg @ekadamer

          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 !

          0 replies 0 retweets 1 like
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        1. Baud'Dib‏ @blahblahblah9tn 10h10 hours ago
          Replying to @paulg @ekadamer

          But there are in fact many big donors, at least by the standards we use to judge concentration in markets.

          0 replies 0 retweets 0 likes
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        1. Nostromo Rider‏ @NostromoR 46m46 minutes ago
          Replying to @paulg @ekadamer

          This same and maybe even worse applies to research. Federal government dominates - especially fundamental research - and dictates who gets paid and how much.

          0 replies 0 retweets 0 likes
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