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a well-constructed welfare state can distribute education and nutrition more widely. The individuals supported by this state are not only better off, but they are more likely to be productive and pay taxes, and they are less likely to overturn public order. Other benefits of redistribution stem from political improvements. Social welfare programs c
... See moreTyler Cowen • Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
Use transparency to help enforce justice.
Ray Dalio • Principles: Life and Work
David Brooks • How the Ivy League Broke America
These are all highly contestable statements.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
... See moreIn 1896, Brooks Adams wrote a book called The Law of Civilization and Decay. Like most late-19th-century commentators, he believed that his country was nearing a watershed in its history. But unless America rallied around a strong leader, the center of world power, which he thought might be about to shift from England to the United States, would sh
ro khanna • Ro Khanna makes the case for digital public space
The limited remit and strength of international governance create severe bounds on the ability to provide transnational public goods through voting and deliberation, but the almighty dollar (and yuan) is respected in most corners of the planet. Capital flows and the technology it is invested in shape lives around the world.
Audrey Tang • ⿻ 數位 Plurality: The Future of Collaborative Technology and Democracy
‘Over the last few decades, we have been conducting a large-scale social experiment with ultralow savings rates, without a strong safety net beneath the high-wire act,’ wrote economist Tyler Cowen.56 Michael Burry, the hedge fund manager featured in Michael Lewis’s The Big Short, put it more bluntly. ‘The zero interest-rate policy,’ said Burry, ‘br
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