5/ There are two kinds of "good for business" environments, which I think of as "stacked for profiteering" and "stacked for innovation"
-
-
Replying to @vgr
6/ In stacked-for-profiteering environment, main asset you need to do business is large pile of concentrated capital. Bigger is better. Why?
1 reply 1 retweet 3 likes -
Replying to @vgr
7/ To jumpstart very rapid economic performance you need BIG numbers quickly. It takes a big bump to create growth on a $13 trillion base.
1 reply 0 retweets 3 likes -
Replying to @vgr
8/ That's why the go-to is energy (gas, oil, coal) and dismantling public sector institutions (allowing a "prime contractor" economy)
1 reply 1 retweet 5 likes -
Replying to @vgr
9/ A stacked-for-profiteering economy isn't growing wealth. It is moving it around in very large chunks, creating illusion of wealth-making
2 replies 8 retweets 14 likes -
Replying to @vgr
10/ The logic is mercantilist, zero-sum, even if it doesn't have a legible basis like land or mineral rights.
1 reply 1 retweet 8 likes -
Replying to @vgr
11/ But there is another kind of good-for-business: stacked for innovation. You need some capital, but more capital is not linearly "better"
1 reply 5 retweets 12 likes -
Replying to @vgr
12/ As modern startup tropes go, you don't even need 2 guys in garage with circuit boards anymore. 1 guy with a laptop at starbucks will do.
2 replies 2 retweets 5 likes -
Replying to @vgr
13/ What you *do* need is safe, liberal environment that rewards curiosity, allows people with diverse identities to live cheaply, together
1 reply 5 retweets 19 likes -
Replying to @vgr
14/ Stacked-for-profiteering needs high financial capital, low cultural capital (homogeneous rich crowd at Davos is enough to make it work)
2 replies 1 retweet 14 likes
15/ Stacked-for-innovation needs low-medium financial capital, high cultural capital, primarily sustained by *public* infrastructure
-
-
Replying to @vgr
16/ Public infrastructure/capital is inefficient in a narrow sense, and Davos ideologues obsessively focus on the inefficiency above all
1 reply 0 retweets 5 likes -
Replying to @vgr
17/ But in a broader sense, what you get in return for capital inefficiency in a narrow sense is inclusive social-capital catalysis
1 reply 0 retweets 6 likes - Show replies
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.