6/ In stacked-for-profiteering environment, main asset you need to do business is large pile of concentrated capital. Bigger is better. Why?
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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.
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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)
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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
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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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No it does not. The buy-in is a $20,000 subscription membership that's the biggest homogenizing filter there is
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Replying to @eli_schiff
You're trolling, but who do you suppose makes SF not-affordable? A homogeneous set profiteering of land ownership perhaps?
1 reply 0 retweets 0 likes
End of conversation
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