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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 Apr 16
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      Before-after diffs of previous western crises Black Death: High Middle Ages (1000-1300) to age of exploration (1400-1500) 30 years war: Holy Roman Empire to enlightenment WW1: Victorian-Georgian to Modernist-Progressive WW2: Modernist to post Covid19? Place your bets now.

      7 replies 1 retweet 18 likes
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    2. Venkatesh Rao‏ @vgr Apr 16
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      The one bright spot: more modern crises seem to last less long. So I’d say 3-5 years for this one to pass. Of course you may not like the new world, but that’s your problem, not a crisis.

      1 reply 1 retweet 13 likes
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    3. Maybe: Th𐃏mas Lisankie‏ @TomLisankie Apr 16
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      Replying to @vgr

      Why so long? What effects from this are really gonna take 5 years? Again, as with all this stuff, I'm probably naive but I can't picture the illness lasting that long and I can't picture the economic effects lasting so long. 2 years maybe

      1 reply 0 retweets 0 likes
    4. Venkatesh Rao‏ @vgr Apr 16
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      Replying to @TomLisankie

      I don’t think you’re appreciating the sheer magnitude of the economic devastation. It’s an order of magnitude more than 2008. A fragile house of cards has collapsed. It’s not, like Trump claims, a blow to a healthy system that will bounce back fast.

      1 reply 0 retweets 2 likes
    5. Maybe: Th𐃏mas Lisankie‏ @TomLisankie Apr 16
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      Replying to @vgr

      Okay I see that, but there seems to be a qualitative difference between this and 2008. 2008 was about a problem within the financial system itself. It made employers and individuals warier of that system.

      1 reply 0 retweets 0 likes
    6. Maybe: Th𐃏mas Lisankie‏ @TomLisankie Apr 16
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      Replying to @TomLisankie @vgr

      This is an external threat that's happening very quickly and seems like we should be able to go back to similar-ish to what we were doing before since it's not a problem with the fin system per se.

      2 replies 0 retweets 0 likes
      Venkatesh Rao‏ @vgr Apr 16
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      Replying to @TomLisankie

      The financial system is mostly irrelevant. That’s mostly just a casino for rich people to gamble on the economy. It’s the economy itself that’s been hit hard. The economy is not the same thing as the financial system. This is a proper economic crisis, not a financial one.

      1:58 PM - 16 Apr 2020
      1 reply 0 retweets 1 like
        1. New conversation
        2. Maybe: Th𐃏mas Lisankie‏ @TomLisankie Apr 16
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          Replying to @vgr

          Hmmm right. Why doesn't X corporation just hire back 80% of its employees (assuming they got X cash to stay afloat and then extra to cover lack of demand) when this is all over though? What keeps a proper bailout from helping? Or am I confusing economy and financial sys again?

          1 reply 0 retweets 0 likes
        3. Venkatesh Rao‏ @vgr Apr 16
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          Replying to @TomLisankie

          I’ll let you figure it all out 😄

          0 replies 0 retweets 0 likes
        4. End of conversation

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