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
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Replying to @vgr
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"?
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Replying to @vgr
26/ Then get behind this bullshit narrative. If not, get real. No social liberalism, no innovation, the "business" you care about dying.
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Replying to @vgr
I'd love to believe you, but you'll need to able to place the key macro-historical growth impetuses into your framework. ...
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Replying to @ritwik_priya @vgr
So steel/railroads? Electrification/ factory system. Type1 or Type2? Or type 2 -->type 1? temporal salience, essentially.
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Unclear. Like Xi said at Davos, global growth is weak, so expect big capital to look for worst things https://www.weforum.org/agenda/2017/01/full-text-of-xi-jinping-keynote-at-the-world-economic-forum …
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