My latest art of gig newsletter got me thinking about a general point of relevance beyond the gig economy. Inequality is a misframing og the real problem: bad fat distribution.https://twitter.com/artofgig/status/1248066039763484673 …
-
-
To make it clear, such a distribution would be a problem even in a society that explicitly designed for eugenics and associated authoritarian values. Bad fat distribution is a problem for any system of values. Kinda like a potbelly is a marker of risk for anyone.
Show this thread -
“Good” fat distribution would store fat in a much broader variety of instruments and engineer friction and illiquidity so it cannot gravitate to fastest growth locus too easily. You’re not trading off growth for security: you’re securing the growth itself.
Show this thread -
There now seems to be a consensus among economists that dichotomy between opening up the economy sooner and mitigating for longer is a false one. You mitigate longer to actually rescue the economy rather than just put it through a false dawn. This argument works long term too.
Show this thread -
A better fat distribution is the longer term macroeconomic analog to social distancing. It prevents economic contagion from spreading as fast, thereby preserving growth potential.
Show this thread -
I need to work this out more carefully. I don’t think I’ve seen this precise argument made before.
Show this thread
End of conversation
New conversation -
-
-
Except wealth concentration only pseudo-extreme <-- socialism among the rich, which leads to many people with $1-2b. Those billionaires feel poor, lean, and optimize against inflation. It's only at about $20b that anyone starts doing much of anything. Why eat the rich? No fat.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.