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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 27 Nov 2019
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      Venkatesh Rao Retweeted Venkatesh Rao

      Some meta-commentary on why this article is important. It kills the wishful belief that 2-of-3 coalitions are still possible right now. In 2016, capitalist (C) and working classes (W) allied to hand professional elite class (P) a bloody nose. C+W>P triangle inequality.https://twitter.com/vgr/status/1199814043743088640 …

      Venkatesh Rao added,

      Venkatesh Rao @vgr
      This (excellent) article doing the rounds is basically the wonky economics version of the premium mediocre argument https://americanaffairsjournal.org/2019/11/the-real-class-war/ …
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      1 reply 5 retweets 26 likes
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    2. Venkatesh Rao‏ @vgr 27 Nov 2019
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      Wishful thinking 2020 scenarios: W+P>C (A New Hope, Warren, Sanders, Biden) C+P>W (Bloomberg, Harris.... Empire Strikes Back, ) W+C>P (Trump re-elected) None of these work, so likely outcome is incumbency win for Trump.

      3 replies 0 retweets 2 likes
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    3. Venkatesh Rao‏ @vgr 27 Nov 2019
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      Venkatesh Rao Retweeted

      If pick-two-of-three were still viable, this triangle of quasistable outcomes is what we get, as @interfluidity argued. None of them looks viable now. https://twitter.com/vgr/status/1183881949305114624?s=21 … https://twitter.com/vgr/status/1183881949305114624 …

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    4. Venkatesh Rao‏ @vgr 27 Nov 2019
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      All three are under different patterns of identity stress and economic stress (yes even the capitalists; the r>g theater does not run itself) that they need help from the other two to solve but there is so little trust no broad alliances are possible. Only uneasy splintering.

      1 reply 0 retweets 2 likes
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    5. Venkatesh Rao‏ @vgr 27 Nov 2019
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      The on,y way out is to abandon these broad class divisions entirely and seed very small scale W+P+C coalitions that both work and capture the imagination in a way that creates a *new* basis for trust.

      1 reply 0 retweets 6 likes
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    6. Venkatesh Rao‏ @vgr 27 Nov 2019
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      SV promised to be that: W = under the API labor with rewards and dignity of industrial work and the self-determination and flexibility of digital. P = over-the-API work to turn capital into returns for C, more humane work for W C = real new wealth from software eats world

      1 reply 2 retweets 7 likes
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      Venkatesh Rao‏ @vgr 27 Nov 2019
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      If it had worked it would have created a new basis for trust. What SV actually delivered: W = increasingly stressful gig economy with Ponzi scheme capital on top, automation nipping at heels P = build an API based on adtech and financialization C = fake returns over new wealth

      4:07 PM - 27 Nov 2019
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      • Lucy Keer ❄️🪣 i wanna be sublated Eli Sennesh Eli Parra 🌊 pete wolfendale Gordon Brander https://thisrentaldoesnotexist.com/ Kyle Mathews The Dark Matrix
      2 replies 4 retweets 10 likes
        1. Venkatesh Rao‏ @vgr 27 Nov 2019
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          I think the reason is it was too large scale. Even blue cities economy that SV tried to solve is too big. A workable minimum-viable 3-way coalition of WPC has to start much smaller. Like a single medium-sized city not yet rendered 💀 by financialization, nimbys and Chinese buyers

          0 replies 0 retweets 4 likes
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        1. Kyle Mathews‏ @kylemathews 27 Nov 2019
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          Replying to @vgr

          😢

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