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

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Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr 5 Nov 2019
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      This Ray Dalio thing is above my financial literacy level, but it tracks with my anecdata. I hear people complaining about struggling to make rent, and people struggling to find a place to put hundreds of millions.https://www.linkedin.com/pulse/world-has-gone-mad-system-broken-ray-dalio/?fbclid=IwAR0kRor9Dt94pHKZxjvy9Ze_Kaki1nE8Bwytdj9Kd5_6EIwLln81EvlmuWk …

      3 replies 12 retweets 103 likes
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      Venkatesh Rao‏ @vgr 5 Nov 2019
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      It’s more that mere inequality or a redistribution problem. The system is trying to solve for returns higher than can be realized by investing in the median human. Otherwise UBI would be a no-brainer answer rather than a debate.

      11:20 PM - 5 Nov 2019
      • 3 Retweets
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      • ❄️ John 😷 Harlow 🌲 Ξthtective DAVID SUGARMAN Thomas Bergman nina allchurch Johannes Meixner Halikaarnian Thinkwert Herr Dr Mr Modern Major General brrr Seitz
      6 replies 3 retweets 31 likes
        1. mutual‏ @mutual_ayyde 5 Nov 2019
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          Replying to @vgr

          really? Seems more intuitive to me that the education system is broken so its difficult to generate human capital and that the wealthy are experiencing the exact same problems liberal economists predicted overly centralized socialist economies would face

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        2. Reflected Sky‏ @reflected_sky 5 Nov 2019
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          At least some of what he describes is an easy problem though. The Fed money could just be mailed to individual citizens. Would deflate the asset bubble, help the median income, and drive consumer demand. The only hard part is convincing Congress

          1 reply 0 retweets 1 like
        3. Pirates sleep soundly (for Santa)‏ @Wit_recycler 5 Nov 2019
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          Pretty cavalier way to talk about other people's earnings isn't it?

          1 reply 0 retweets 0 likes
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        1. Nicolas Colin  🇪🇺‏ @Nicolas_Colin 5 Nov 2019
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          Replying to @vgr

          Good (and more accessible) overview here by @matthewstoller: https://mattstoller.substack.com/p/how-monopolies-broke-the-federal … (via @timoreilly)

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        2. Leo von Kleist‏ @KleistLeo 6 Nov 2019
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          Replying to @vgr

          And I would also say, „higher returns than can be realized at the current level of technological progress“ - this is our invisible asymptote today

          1 reply 0 retweets 0 likes
        3. Johannes Meixner‏ @xmjEE 6 Nov 2019
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          Replying to @KleistLeo @vgr

          rate of tech progress in itself is fine, and on a societal level we've decided to not do Risk anymore hence compliance departments promoting check box security

          1 reply 0 retweets 2 likes
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        1. Steffen Christensen‏ @Wikisteff 6 Nov 2019
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          Replying to @vgr

          People without money can't spend more money, growing sectors and industries, so prices of produced goods fall instead. Thank you for coming to my TED Talk.

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        2. Maynard Handley‏ @handleym99 6 Nov 2019
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          Replying to @vgr

          Theories: - Peter Turchin -- elite competition - Eric Weinstein -- embedded growth obligation - planet has been used up -- greedy westerners -- too many people - science/tech has plateau'd - bad incentives (tax system? civil society?) 1/

          1 reply 0 retweets 0 likes
        3. Maynard Handley‏ @handleym99 6 Nov 2019
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          Replying to @handleym99 @vgr

          - amusing ourselves to death (or other variants on "kids don't study hard") - too many/not enough diversity in finance/science - too many/not enough scientists/engineers So many theories. All mostly untested/untestable. 2/

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