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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 1 Dec 2019
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      TIL insiders call the British monarchy the Firmhttps://www.nytimes.com/2019/12/01/world/europe/prince-charles-andrew-queen.html?action=click&module=Top%20Stories&pgtype=Homepage …

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    2. Venkatesh Rao‏ @vgr 1 Dec 2019
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      It just struck me how utterly bizarre the British nobility is. Like an abacus running within the hypervisor of a modern computer or something. Sweet deal. Whole new meaning to “grandfathered in”. https://en.m.wikipedia.org/wiki/British_nobility …

      3 replies 0 retweets 21 likes
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    3. Venkatesh Rao‏ @vgr 1 Dec 2019
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      I’d be interested in an essay length financial/economic history of the nobility and how it got transformed and economically integrated into modernity, and how much the current kit has managed to establish stable control over. Isn’t like half of London owned by some duke?

      2 replies 0 retweets 13 likes
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    4. Venkatesh Rao‏ @vgr 1 Dec 2019
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      All I know is from fiction mentioning in passing how heavy taxes and death duties slowly led to estates being sold piecemeal to industrialists or turned into tourist attractions. So sounds like up to a point democracy managed to mostly tax the nobility into oblivion.

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      Venkatesh Rao‏ @vgr 1 Dec 2019
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      Lol decolonization never happened in Britain apparently 😆 “According to a 2010 report for Country Life, a third of Britain’s land still belongs to the aristocracy... lists of major aristocratic landowners in 1872 and in 2001 remain remarkably similar.”https://www.theguardian.com/news/2017/sep/07/how-the-aristocracy-preserved-their-power …

      9:11 AM - 1 Dec 2019
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      • Kumail Jaffer Spencer Peters Kyle Mathews Jeff o salmão do conhecimento SIFF Capital #LegalizeGolf hashtag inventor ⛳️🏌️ Voidious Michael Buckley🇨🇦
      5 replies 1 retweet 20 likes
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        2. Venkatesh Rao‏ @vgr 1 Dec 2019
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          Damn. “Some of the oldest families have survived in the rudest financial health. In one analysis, the aristocratic descendants of the Plantagenet kings were worth £4bn in 2001, owning 700,000 acres, and 42 of them were members of the Lords up to 1999”

          2 replies 1 retweet 10 likes
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        3. Venkatesh Rao‏ @vgr 1 Dec 2019
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          This has to count as the greatest heist in history. Plantegenet’s r2 instead of Ocean’s 11.

          1 reply 0 retweets 0 likes
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        4. End of conversation
        1. Walt  🚴🏼‍♂️ 🏗 🗽 🌎‏ @WaltFrench 1 Dec 2019
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          Replying to @vgr

          I’m not the economics historian you want but property ownership—chiefly, real estate—used to be the major way the wealthy stayed that way. The industrial revolution created a new cluster of opportunity but many of the aristocracy didn’t turn the corner

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        1. Wasim Adetunji (Wesley)‏ @weswpg 1 Dec 2019
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          Replying to @vgr

          a lot of the private lands are accessible to the public because they're huge estates that are mostly empty

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        1. Shawn W‏ @shawn_dubs 1 Dec 2019
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          Replying to @vgr

          Yikes

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        1. #LegalizeGolf hashtag inventor  ⛳️ 🏌️‏ @Y2K_MINDSET 1 Dec 2019
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          Replying to @vgr

          the history of landholdings in Britain is fascinating. Many of the upper classes are descendants of those listed in the Domesday Book (the Norman Conquest was pretty thorough) https://en.wikipedia.org/wiki/Domesday_Book …

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