RT @pmarca: David Graeber came close with his theory of “bullshit jobs”. His mistake was thinking that actual capitalists create bullshit j…
Source date (UTC): 2022-05-01 04:29:40 UTC
Original post: https://twitter.com/i/web/status/1520621452185194497
RT @pmarca: Most professional investors in our era, including most venture capitalists, are managerial agents on behalf of actual owners of…
Source date (UTC): 2022-05-01 04:27:57 UTC
Original post: https://twitter.com/i/web/status/1520621020587122689
(Reality meaning: market competition organized by incentives, that produce empirical results of success and failure of one’s theories, hypothesis, and policies.)
Source date (UTC): 2022-04-30 14:21:09 UTC
Original post: https://twitter.com/i/web/status/1520407915676450818
Reply addressees: @WalterIII @StruanCurtis @HbdNrx @St_Rev
Replying to: https://twitter.com/i/web/status/1520398579524800519
(econ nerd humor). Cathy Woods’ crash and burn just confirms my point: absence of systematizing. Fund lost everything she’d ever made.
Source date (UTC): 2022-04-30 14:13:18 UTC
Original post: https://twitter.com/i/web/status/1520405940109037572
ECON-FIN MYTHMAKING
Netflix is in trouble because (a) depended on distribution of other’s content. Can’t afford to create enough content – others caught up b/c *tech is not a competitive advantage*. (b) Covid crushed production (c) movie economics dying (d) Woke infiltration.
Source date (UTC): 2022-04-29 17:33:48 UTC
Original post: https://twitter.com/i/web/status/1520094007627591681
The problem is not one of genocide but that our modern economies are built on consumption and redistribution that will end as surely as did animal labor and agrarianism. When a tiny fraction of people and machines are the only people capable of ‘doing anything economic’ -> POWER.
Source date (UTC): 2022-04-29 15:45:49 UTC
Original post: https://twitter.com/i/web/status/1520066835319869442
Reply addressees: @Thskicksarefire
Replying to: https://twitter.com/i/web/status/1520065459667750912
IN REPLY TO:
Unknown author
@Thskicksarefire What’s genocidal about the statement “The difference in race, civ, state rates of development and prosperity are due to differences in average intelligence;average intelligence due to class sizes;class sizes to geography; geography to historical rates of survival at the margin”?
Original post: https://x.com/i/web/status/1520065459667750912
“A power distribution of law, a pareto distribution of wealth, and a nash distribution of income”
Source date (UTC): 2022-04-29 02:26:46 UTC
Original post: https://twitter.com/i/web/status/1519865748486770688
Reply addressees: @Thskicksarefire
Replying to: https://twitter.com/i/web/status/1519864549633142785
Of course. Just sticking with the prediction that under duress in the collapse of the international system of transport, finance, and trade, that capital will fly to the USA because its the safest haven.
(Of course, I also see how to take advantage of that…politically.)
Source date (UTC): 2022-04-28 23:17:15 UTC
Original post: https://twitter.com/i/web/status/1519818055630696450
Reply addressees: @BillCor26578964
Replying to: https://twitter.com/i/web/status/1519801296588525574
TOLD YOU SO.
USD Strengthening … and it’s going to continue.
1.05 vs EURO
1.25 vs UKP
For those who have been dooming the dollar, it can’t happen. Why? Rule of Law. Size of the Economy. Military Size and Stability.
#Crypto
Source date (UTC): 2022-04-28 14:28:06 UTC
Original post: https://twitter.com/i/web/status/1519684887283998720
It’s never worked. Because that ultracheap labor is what makes a city profitable as a market for opportunities to obtain discounts on opportunities.
Source date (UTC): 2022-04-27 16:42:30 UTC
Original post: https://twitter.com/i/web/status/1519356322751385600
Reply addressees: @VolkischWeeb
Replying to: https://twitter.com/i/web/status/1519354813737095171