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

Tweets

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 27 Nov 2019
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      This (excellent) article doing the rounds is basically the wonky economics version of the premium mediocre argumenthttps://americanaffairsjournal.org/2019/11/the-real-class-war/ …

      4 replies 37 retweets 139 likes
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    2. Venkatesh Rao‏ @vgr 27 Nov 2019
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      "households earning in the top 25 percent nationally are actually classified as “low income” in San Francisco. The household “low income” threshold in the Golden Gate City is now approximately $117,000.19

      1 reply 6 retweets 24 likes
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    3. Venkatesh Rao‏ @vgr 27 Nov 2019
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      "...By comparison, a household needs to earn about $100,000 to make it into the top 31 percent nationally; the national top 10 percent household income threshold is approximately $178,000."

      1 reply 0 retweets 11 likes
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    4. Venkatesh Rao‏ @vgr 27 Nov 2019
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      "Since 2000, the combination of stagnation, widening inequality, and the increasing cost of maintaining elite status has arguably had a more pronounced impact on the professional elite than on the working class, which was already largely marginalized by that point. "

      1 reply 4 retweets 18 likes
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    5. Venkatesh Rao‏ @vgr 27 Nov 2019
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      "Elites outside of the very top found themselves falling further behind their supposed cultural peers, without being able to look forward to rapid­ly rising incomes for themselves."

      1 reply 2 retweets 14 likes
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    6. Venkatesh Rao‏ @vgr 27 Nov 2019
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      🎯 "Any new realignment of the professional class, however, is complicated by the legacy of its previous turn toward neoliberalism. For this group, the embrace of markets and consumerism **did not work out the way either its proponents or critics predicted.**"

      1 reply 2 retweets 16 likes
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    7. Venkatesh Rao‏ @vgr 27 Nov 2019
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      "Republicans offered the professional class one increasingly attractive inducement: a chance to become, essentially, financial managers in the new shareholder economy. In the 1980s, these “yuppies” contributed to two Reagan landslides." = "we were promised flying cars", $ edition

      2 replies 1 retweet 14 likes
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      Venkatesh Rao‏ @vgr 27 Nov 2019
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      "Finance and tech billionaires began replacing unions as the most important Democratic donors, both to campaigns and to the growing network of liberal NGOs." <--- A key point that doesn't surprise me but I didn't take note of myself either

      2:39 PM - 27 Nov 2019
      • 2 Retweets
      • 18 Likes
      • Invariant Perspective ContrarianPragmatist Gregory Byard Juanito Kyle Dexter Rogers Fabius Maximus (Ed.) серафими многоꙮчитїи
      1 reply 2 retweets 18 likes
        1. New conversation
        2. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "Sanders, however, has insisted on characterizing his movement as a populist protest, rather than an insurgency driven by certain disaffected segments of the elite." < 🎯

          1 reply 0 retweets 17 likes
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        3. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "In contrast, Elizabeth Warren’s campaign more explicitly appeals to the professional class, both in form and content....yet her rise is still likely to strain a Democratic machine heavily reliant on billionaire funders."

          1 reply 0 retweets 13 likes
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        4. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "modern conservatism has opposed the pro­fessional managerial class that came to dominate business and govern­ment in the mid-twentieth century. Despite often shrill rhetoric ...conservatives could never reduce its size or importance in the modern economy."

          2 replies 0 retweets 11 likes
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        5. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "At the same time, conservatives sought to build their own new class by setting up parallel institutions in academia, media, law, policy planning, and so on...But institutions built on ideological conformity inevitably tend to ossify.

          1 reply 0 retweets 8 likes
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        6. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "The conservative institutions became as detached and self-refer­ential as the “postmodern” academy they criticize, and they long ago ceased to have any significant influence on broader elite discourse." 🎯

          1 reply 0 retweets 21 likes
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        7. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "Today, their main offering to new recruits is the chance to someday apply for affirmative action for conservatives." <-- especially pronounced and effective in law given scotus control and resulting effect on supply chain.

          1 reply 0 retweets 13 likes
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        8. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "As working-class jobs have become more precarious and demeaning, professional jobs have become more meaningless and depressing... Anthropologist David Graeber has defined an entire category of “bullshit jobs” Join the gig economy bullshitjobbers!

          2 replies 11 retweets 35 likes
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        9. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "The purposelessness of many professional careers in the capital accumulation economy starkly contrasts with the growing number of unaddressed needs in the public sector."

          2 replies 3 retweets 17 likes
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        10. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "Conservative donor gatherings are somehow even more pathetic. Most of the attendees are there only because they are not smart enough to recognize that the Democratic Party offers a far more effective reputation laundering service." 😂

          1 reply 2 retweets 26 likes
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        11. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "What is remarkable about today’s oligarchy is not its ruthlessness but its pettiness and purposelessness. An all-consuming megalomania might at least produce some great art as a side-effect. But this collec­tion of mediocrities cannot even do that."

          1 reply 2 retweets 29 likes
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        12. Venkatesh Rao‏ @vgr 27 Nov 2019
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          "future historians of American collapse will find something truly exceptional: capitalism without competence and feu­dalism with­out nobility."

          1 reply 10 retweets 40 likes
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        13. Venkatesh Rao‏ @vgr 27 Nov 2019
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          fin this was a good read. As close as I've seen anyone come to clearly stating the core problem of the Great Weirding.

          1 reply 0 retweets 23 likes
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        14. Venkatesh Rao‏ @vgr 27 Nov 2019
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          The most important insight I got out of this was how Warren and Sanders each solve one half of the problem but make the other half intractable. In predictive terms the paradox results in: Sanders could win the election, but probably not the nomination. Warren other way around

          1 reply 2 retweets 17 likes
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        15. Venkatesh Rao‏ @vgr 27 Nov 2019
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          I think the tldr is: the laboring class is politically still potent but economically a deadweight loss and everybody (including they themselves) knows it and has acknowledged it. The professional class still thinks it has a shot at resurrection.

          1 reply 0 retweets 17 likes
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        16. Venkatesh Rao‏ @vgr 27 Nov 2019
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          So on the narrow question of winning POTUS, the right candidate would be a mix of Obama and Trump: promise hope to the elites and the chance to bloody a few noses to the laboring class. The paradox being they want to bloody the noses of the class looking for hope.

          1 reply 0 retweets 10 likes
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        17. Venkatesh Rao‏ @vgr 27 Nov 2019
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          One solution: run for POTUS on campaign promise of a Purge, but where elites get free guns, and if they survive, they get UBI and climate action. The masses get to mount the heads of any elites they take down on spikes. 0.1% capital winners will be parked in orbit during Purge

          2 replies 2 retweets 19 likes
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        18. End of conversation

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