Never thought I’d live through this level of breakdown, but I’m now making post-money plans, as in when money is not the primary form of risk insurance needed. There’s going to be a pretty bad rice shock within the year I think, which will make the meat crisis look like a joke.
-
Show this thread
-
We just hit Great Depression levels of unemployment... except this is way worse because that was *merely* a financial crisis. There wasn’t a pandemic doing the rounds and half the civilizational machine in a dangerous unplanned shutdown mode it wasn’t actually designed for.
1 reply 13 retweets 110 likesShow this thread -
1 reply 2 retweets 25 likesShow this thread
-
1 reply 2 retweets 24 likesShow this thread
-
1 reply 2 retweets 23 likesShow this thread
-
I suspect a lot of the people who are optimistic right now believe the laissez faire part of the economy is much bigger than it is, and don’t realize how much bigger the planned part is. By which I mean both state capacity and the innards of large corporations.
2 replies 17 retweets 128 likesShow this thread -
This planned part is not some sort of magical self-healing, self-regulating emergent stochastic magic show orchestrated by money. It is more like a precisely engineered machine that runs in somewhat deterministic ways via explicit coordination.
1 reply 8 retweets 103 likesShow this thread -
And it is MUCH bigger.... “laissez faire was planned, planning was not” — Polyani. We’re about to see the biggest natural experiment in actually free markets. A sample of the world free marketers want, as regulatory reins fail.
3 replies 11 retweets 95 likesShow this thread -
Find your generalized green zone now. Not as in virus-free, but as in resilient — high local basic sustainability — global logistics connectivity — varied, digitalized local economy — good healthcare — good law and order — medium density — communitarian spirit — blue >> red
16 replies 14 retweets 147 likesShow this thread -
Venkatesh Rao Retweeted Venkatesh Rao
Explaining my strong blue >> red bias https://twitter.com/vgr/status/1259282761564606464?s=21 …https://twitter.com/vgr/status/1259282761564606464 …
Venkatesh Rao added,
7 replies 6 retweets 62 likesShow this thread
I think red states with their religious skewing populations, may have more social capital than you think.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.