well I'm in Cambridge at MIT so maybe I'm not at the right place. Or maybe I am.
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Ditch too-big-to-fail thinking, agricultural subsidies=plenty to keep R&D going. SV money is a rounding error in this pie chart.
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close tax loopholes and cut corporate welfare can accomplish the same. SV billionaires act as merit cover story for 1% smash and grab.
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the cover stories are often written by trusties trying to deflect blame directed at inherited wealth circles they identify with
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I'm really baffled by the one-sidedness of your view on this. You really see no way libertarianism leads to lower R&D investment?
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Where did I say that? You're making vague association between evils of inequality and R&D
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well then explain to me the connection you see between the two. Do you see ideological causes behind lowered R&D investment?
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Cronyism model perfected in 1950s, broke by 1974, replacement Reagonomics achieved a flawed reboot but couldn't kill cronyism
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Cronyism is bipartisan Republican/Democrat creation. One wants military industrial complex, other wants welfare state.
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do military or corporates get some credit for the cronyism or did the government types corrupt themselves all by their lonesome?
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On welfare side: food stamps-ag industry nexus. That's why UBI wouldn't stand chance. Existing safety net is cronyism pig trough
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that's your example? Not corporate bailouts? Bank rescues? No-bid military contracts? The difference in scale is staggering.
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They're about the same scale actually. That was Krugman's point in op-ed where he said left/right simply want diff big govts

