It's because of maldistribution. There is soo much slush cash in the hands of few that many markets are no longer real markets or efficient.https://twitter.com/willoremus/status/875739683686363136 …
-
-
Replying to @zeynep
Too much money with nowhere to go held by very few, so crazy valuations, juicero, Mars trips—some innovation and philanthropy for the ride.
1 reply 34 retweets 62 likes -
Replying to @zeynep
None of this can be explained by efficient markets, but can all be neatly explained with maldistribution—underlying political crisis, too.
1 reply 8 retweets 42 likes -
Replying to @zeynep
A good chuck of the crisis could be solved with sane taxation, and mild rules against regulatory capture, monopoly and buying politicians.
1 reply 8 retweets 53 likes -
Replying to @zeynep
And, hey, your extra billions are mere zeroes in a file when the climate change we can't act on due to pol crisis comes for your grandkids.
5 replies 9 retweets 34 likes -
Replying to @zeynep
aka we're all on the same planet. I often can't believe how shortsighted and lacking in vision our overlords are. alas
1 reply 4 retweets 31 likes -
Replying to @zeynep
zeynep tufekci Retweeted Albert Pinto
hahaha you said profit.https://twitter.com/70sbachchan/status/875742562069258240 …
zeynep tufekci added,
2 replies 0 retweets 8 likes
zeynep tufekci Retweeted Richard Lionheart 🇺🇸
Not gonna live on Mars either.https://twitter.com/reggiejackson78/status/875742731976540160 …
zeynep tufekci added,
-
-
Replying to @zeynep
Well for vast sums of money you could live on Mars for a while, and then die because you don't know how to build an ecosystem
0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
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.