9/ A stacked-for-profiteering economy isn't growing wealth. It is moving it around in very large chunks, creating illusion of wealth-making
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Replying to @vgr
10/ The logic is mercantilist, zero-sum, even if it doesn't have a legible basis like land or mineral rights.
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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"
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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.
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Replying to @vgr
13/ What you *do* need is safe, liberal environment that rewards curiosity, allows people with diverse identities to live cheaply, together
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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)
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Replying to @vgr
15/ Stacked-for-innovation needs low-medium financial capital, high cultural capital, primarily sustained by *public* infrastructure
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Replying to @vgr
16/ Public infrastructure/capital is inefficient in a narrow sense, and Davos ideologues obsessively focus on the inefficiency above all
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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
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Replying to @vgr
18/ It is no accident that under siege, one of the first instincts of "elitist" cities is to look for ways to become immigrant refuges
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19/ Coastal American cities have served as innovation-business centers in part because they offer refuge, ESPECIALLY to domestic immigrants
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Replying to @vgr
20/ So Trumpism may be good for biz in Davos/DC profiteering/cronyism sense that is agnostic to trade wars. Those weeds thrive at all times
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Replying to @vgr
21/ That kind of good-for-business drives the "bad" kinds of bubble-bust cycles of mercantilist extraction and exproporiation/capital flight
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