The fact that they mostly stiffed city/state governments is a footnote. Actual financial bomb damage -- like small airports getting big windfalls and critical infrastructure big airports in the financial ICU, is being ignored because we don't have maps/situation awareness.
-
-
It’s not a bad mechanism, but it has the unfortunate property of also being the primary enabler if individual human quality of life. It’s almost like we need different monetary systems for humans vs the system.
Show this thread -
Otherwise it leads to thinking Bill Gates lives 120 billion times better than average burger-flipper simply because he has a 120 billion times the net worth of the median person with no assets. Most of that money is Stack fuel. He probably only is 10-1000x happier than you and me
Show this thread -
Enterprise money vs consumer money? Not a bad idea actually. Things like food stamps get at that. As do things like earmarked capital equipment grants to industries. Separate power money from survival-and-hedonism money. Bread-and-circus bucks vs. infrastructure bucks.
Show this thread -
Financialization would actually be a good thing if it included almost everybody in its logic, and encoded what everybody knows about the system. It’s currently terrible because it reflects a tiny minority view of how the world works. A bunch of 0.1% idiots trading green lumber.
Show this thread
End of conversation
New conversation -
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.