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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

This is my conversational account. For my work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    Venkatesh Rao‏ @vgr 14 Feb 2019
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    The idea that capitalists are “greedy” is interesting. I’ve only actually seen cartoon top-hat type greed among crony capitalists. I.e. it’s a feature of “socialism for corporations” economies. The freer the market the more the players are driven by things other than greed.

    11:58 PM - 14 Feb 2019
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    • Matt Paul Miles * RIP Popson neil21 optictropic ian hines Kartik Talwar Kenneth Haugland Samyak Nick
    9 replies 25 retweets 87 likes
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      2. Venkatesh Rao‏ @vgr 14 Feb 2019
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        These may be no better than greed (eg power, cruelty, sociopathy, revenge...), but point is, greed is not actually a good drive to have for capitalist success. It compromises your ability to compete intelligently. It’s a second-rate motive for second-rate business minds.

        1 reply 5 retweets 39 likes
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      3. Venkatesh Rao‏ @vgr 14 Feb 2019
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        Like Frank Underwood notes, choosing money over power (or almost any of the dark drives) is the mark of a loser. If socialists want to really defeat capitalists they should start by recognizing that greed ain’t the driver of their toughest adversaries.

        2 replies 6 retweets 47 likes
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      4. Venkatesh Rao‏ @vgr 15 Feb 2019
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        3rd rate capitalists think they’re winning if they’re sitting on lots of cash 2nd rate capitalists think they’re winning if they’re sitting on lots of cheap debt 1st rate capitalists know they can only win if they’re solving for value money doesn’t even “see” yet

        7 replies 19 retweets 70 likes
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      5. End of conversation
      1. Luke Kanies‏Verified account @lkanies 15 Feb 2019
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        Replying to @vgr @aneel

        Really? So the capitalists who keep the carried interest loophole open, and who fight tooth and nail to avoid taxes, and who build up monopoly power then fight to keep it… they don’t qualify for you? A free market requires government controls to stay that way.

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      1. Saurabh Saha‏ @neocortex666 15 Feb 2019
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        Replying to @vgr

        'Greed is good for lack of a better word' ~Gordon Gekko

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      1. Andrew Johnston‏ @__gaj__ 15 Feb 2019
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        Replying to @vgr

        Also driven by 'winning'

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      1. Miles * RIP Popson‏ @milesdowndeep 15 Feb 2019
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        Replying to @vgr

        "Socialism for corporations" is pretty much how things were done for most human history. Attach yourself to the chief/king and let him flow the wealth of the people your way.

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      1. a wrinkle in snpoon‏ @wrinklespoon 15 Feb 2019
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        Replying to @vgr

        Confused by what you mean by greed in this context. I interpret as "insufficient altruism despite means". Greed not just for money.

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      2. Count Bla‏ @123456789blaaa 20 Feb 2019
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        Replying to @vgr

        Consider the work of @KevinCarson1 and others who have written abt how "socialism for corporations" as you call it has been central to capitalism since the beginning. See here https://c4ss.org/content/23150  and here https://c4ss.org/content/51614  frexpic.twitter.com/QkUQcjJfdH

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      3. Count Bla‏ @123456789blaaa 20 Feb 2019
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        Replying to @123456789blaaa @vgr @KevinCarson1

        Ofc it is entirely possible to advocate for free markets-in fact for a truly freed market-while being anti-capitalist. They go together quite well actually http://radgeek.com/gt/2011/10/Markets-Not-Capitalism-2011-Chartier-and-Johnson.pdf …

        0 replies 0 retweets 0 likes
      4. End of conversation

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