10/ Post-secondary education should be managed as equity rather than debt, with risk distributed across individuals, institutions, society
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Replying to @vgr
11/ Every human should be considered a startup of unknown future economic value at 14, not a priori a net asset or liability in NPV terms
2 replies 12 retweets 47 likes -
Replying to @vgr
12/ This will of course be wrong at the margins. Prior odds for/against certain people becoming net assets/liabilities may be huge
1 reply 2 retweets 9 likes -
Replying to @vgr
13/ Safety net should be designed with "good" failure in mind for 10-15 trial-and-error pivot opps btwn 14-30. Current: all failure is bad
1 reply 7 retweets 25 likes -
Replying to @vgr
14/ Biggest point of contention in system design: is "dignity" (as opposed to food, shelter, healthcare) a safety net variable?
3 replies 3 retweets 19 likes -
Replying to @vgr
15/ Pointless humiliation (being paternalistically given "food" stamps instead of cash to buy "vegetables" like pizza) should be avoided...
1 reply 3 retweets 21 likes -
Replying to @vgr
16/ But it's a big leap from abandoning designed-by-cronyism-for-cronyism safety nets in favor of cash to thinking UBI can "solve" dignity
2 replies 1 retweet 11 likes -
Replying to @vgr
17/ There's no alternate path to dignity besides earning admiration of the broad slice of society that bets on your value through good work
3 replies 1 retweet 25 likes -
Replying to @vgr
18/ If only other art historians think you're valuable, or only other Ruby programmers think you are valuable, that's not enough
3 replies 3 retweets 15 likes -
Replying to @vgr
19/ If you can't validate you value to the whole society that invests in you through support of a diverse, representative subset...
1 reply 2 retweets 13 likes
20/ ...you're just part of a weak special interest trying to grow into a large, too-big-to-fail special interest. No different from bankers
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Replying to @okayultra
@okayultra read Francis Fukuyama, 'Political Order and Political Decay' if you actually want to know0 replies 0 retweets 1 like
End of conversation
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