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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Replying to @vgr
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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Replying to @vgr
22/ But if you want good-for-business in the innovation sense, preserve liberal, safe cities or you're dead, despite any short-term bumps
1 reply 1 retweet 7 likes
23/ In short, all the mindless empty-suit types who are falling in line behind the "good for business" narrative are basically idiots
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Replying to @vgr
24/ They have never seen "good for business" economy that is 100% profiteering 0% innovation. They don't know what they will lose.
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Replying to @vgr
25/ You want efficient, free-market, booming-business dystopia? Full of commodities merchants of 16th century type? Oil/gas/coal "growth"?
2 replies 0 retweets 8 likes - 4 more replies
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