The most popular conspiracy theory in the US today is that American wealth is the result of a steady cabalistic transfer of extant wealth from the poor and middle class to "like 10 people" at the "tippy top." It's provably false but will define the next several election cycleshttps://twitter.com/AOC/status/1127270688925134849 …
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Take a look at what AOC is pointing out: for-profit prisons, student loans, "tricking the country into war," abusing food stamp programs. Notice a theme? Prisons are a product for governments. Rich people do not declare wars or issue food stamps. Student loans are backed by whom?
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The trap I *don't* want to fall into is claiming that all is well. Wages have stagnated while healthcare and higher ed pricing skyrocketed, and both systems are regulatory fortresses. Regulatory capture via licensure and accreditation is locking in profit for the current players
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Replying to @webdevMason
I constantly think about
@naval’s quote I heard once that “politics is the economics of power without merit.” Our governmental system incentivizes a path to a political office by shouting into a cloud while doing nothing. I wish there was a way to better align the incentives.1 reply 0 retweets 5 likes -
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Replying to @naval @dkhundley
AFAICT: (1) in a country like ours, the greatest personal gains come to those involved in national politics; (2) national policies are filtered through so many layers of regional gov & circumstance that they effectively enter a black box; (3) narratives always rule such a system
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The terrible punchline is that nearly every bad outcome that exits the black box during Team A's reign can be explained away like so: Team B stubbornly fought Team A so hard that Team A couldn't do what it *really* wanted. Definitely vote Team A again next time!
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