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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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    1. Venkatesh Rao‏ @vgr 24 Aug 2019
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      I generally take hawkish military-inspired postures seriously where they are actually appropriate. Where even serious thinkers go wrong is not realizing they’re doing the economic equivalent of “honor-based” strategy. Something no modern military would ever do on battlefield.

      2 replies 3 retweets 22 likes
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    2. Venkatesh Rao‏ @vgr 24 Aug 2019
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      Sometime between the US Civil War and WW2, military conflict evolved from honor-based to calculated, industrially efficient total war. Honor-based militaries were routinely wiped out against this model. Neoliberalism was “total war” doctrine in economics *and it works*

      3 replies 4 retweets 36 likes
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    3. Venkatesh Rao‏ @vgr 24 Aug 2019
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      Going back to 19th century honor-based, symmetric protectionist bilateral trade duels is going to go down as the most spectacular economic own-goal in history if it is pursued to the bitter end. It will eclipse the previous most spectacular own-goal: China’s pre-modern one.

      2 replies 6 retweets 26 likes
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    4. Venkatesh Rao‏ @vgr 24 Aug 2019
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      This is one area where Trump’s thinking is transparent, the logic clear, and origin obvious. He’s thinking like a real estate slumlord with a huge insecurity around his own awful record as an “entrepreneur”, built primarily on a core competency of working the courts and tax laws.

      1 reply 3 retweets 25 likes
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    5. Venkatesh Rao‏ @vgr 24 Aug 2019
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      He genuinely thinks “winning” in business is about scamming unsuspecting marks, getting away with it in courts, and generating personal income by gaming taxes and debt rather than creating wealth through innovation.

      2 replies 6 retweets 44 likes
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    6. Venkatesh Rao‏ @vgr 24 Aug 2019
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      Subconsciously he realizes he’s missing something. Hence the Bezos Derangement Syndrome. Unlike Bezos, he has no clue how to play in a world shaped by a developing China (a good thing for the world) and actually win.

      2 replies 5 retweets 22 likes
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    7. Venkatesh Rao‏ @vgr 24 Aug 2019
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      Why Nations Fail is still probably the best read on how global economic leadership is actually won, by creating win-win where you win more than others. The US is increasingly starting to look like the failed state examples in that book.

      2 replies 4 retweets 34 likes
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    8. Venkatesh Rao‏ @vgr 24 Aug 2019
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      When I travel in India, I can always tell when shopkeepers are trying to scam me, since I grew up there and have an idea of what things should cost. But because I earn in USD, I often just pay rather than bargain. It’s not worth the trouble for me to beat the “unfair” scam.

      1 reply 2 retweets 20 likes
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    9. Venkatesh Rao‏ @vgr 24 Aug 2019
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      For me, getting clever and taking 15 minutes to bargain a $10 item down to the local “fair” price of $5, when it costs $50 in the US, feels like a waste of time. For the vendor, it’s a successful 2x scam. For me, it’s an 80% off bargain that I don’t feel like driving up to 90%

      2 replies 3 retweets 36 likes
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    10. Jonathan Leonard‏ @johanatan 24 Aug 2019
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      Replying to @vgr

      You know you’re probably pissing off a lot of people this way. From what I understand, the haggling is part of the experience and they sort of expect it and feel snubbed if you don’t. 😂

      1 reply 0 retweets 0 likes
      Venkatesh Rao‏ @vgr 24 Aug 2019
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      Replying to @johanatan

      They don’t actually. It’s serious bonus money for them, and I take care to let them save face a bit. They’re generally bargaining to put food on tab,e and pay rent, not just honor or “fairness”

      12:22 PM - 24 Aug 2019
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      • Jonathan Leonard
      0 replies 0 retweets 1 like

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