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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 Jun 7
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      Kinda curious how “capitalism” as an ideal only exists in the heads of people opposed to it. The term points to a series of historic pseudo-equilibrium conditions that are unified only by being paths of least coordination resistance through their eras.

      28 replies 28 retweets 200 likes
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    2. Venkatesh Rao‏ @vgr Jun 7
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      If you want to know what capitalism in a particular time/place looked like, say America 1787-1830 (constitution to Andrew Jackson). 3 questions tell you the answer: 1. What other explicit ideologies existed? 2. What was the shortfall in trust they faced? 3. What trust existed?

      2 replies 0 retweets 35 likes
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    3. Venkatesh Rao‏ @vgr Jun 7
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      “Capitalism” = how people with trust capital but cynical about the idealism of extant ideologies actually act in coordination. What unifies them is skepticism of grand visions. What empowers them is their mutual trust. So they pay lip service to ideologies and get on with life.

      2 replies 5 retweets 47 likes
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    4. Venkatesh Rao‏ @vgr Jun 7
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      The upside is, capitalists are always shipping and learning by shipping, never still. Whereas ideolgues are often frozen into either inaction or overt destruction because they lack the trust reserves to actually act on their ideas about how society ought to work.

      1 reply 2 retweets 62 likes
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    5. Venkatesh Rao‏ @vgr Jun 7
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      The downside: sometimes they ship slaves, guns, or drugs, which they’d rather forget. To the extent capitalism has any ideology and historic continuity, it lies in forgetting bad parts and only remembering when it shipped net good stuff — food firvthe hungry, medicines, iPhones.

      2 replies 2 retweets 38 likes
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    6. Michael Bilow  ✍️‏ @MikeBilow Jun 7
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      In many cases, the vast majority of trade was very bad stuff.https://motifri.com/ri-slave-trade/ 

      1 reply 0 retweets 0 likes
      Venkatesh Rao‏ @vgr Jun 7
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      Replying to @MikeBilow

      Umm even at its peak, the triangular trade was only a minority fraction of world commerce/GDP. The world is a big place. The sheer quantity of commerce going on by default is much bigger than people realize.

      9:06 AM - 7 Jun 2020
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        1. Michael Bilow  ✍️‏ @MikeBilow Jun 7
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          Replying to @vgr

          Sure, a minority of total world trade, but Triangular Trade was the major economic activity before 1800 in RI where I live (and wrote about), like cotton would become in the South a few decades later.

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