History and economics, simplified

Cub economist Marc Andreessen has been thinking again:


I understand that data doesn’t explain everything, but in this particular case I would really, really like to see the data that Marc has assembled to back up his argument.

9 thoughts on “History and economics, simplified

  1. Nick Post author

    Well, Tom, at least Marc is on solid ground with his history. It’s well known that every pensione operator and Motel 6 franchisee has been a one-percenter.

  2. Tom Panelas

    The broader “argument” in this tweetstream—if I may dignify it by calling it that—is that technology-fueled, deregulated neoliberalism tends to reduce wealth and income inequality. The world before our eyes would seem to suggest otherwise.

  3. Nick Post author

    Be patient. There’s always a bit of a lag between the start of a disruption and the arrival of utopia.

  4. diane

    Oh the humility! One can only imagine what a noxious, oxygen sucking atmosphere must permeate at the Arrillaga[Trigger warning to Diabetics tempted to click that link] Andreessen Dynasty Thanksgiving Tableas they feast so outrageously smug in the belief that they have the pre-ordained [1] right to prescribe lifestyle outcomes for those who chose not to blindly worship an oligarchic, techno utopia – those whose lives have been utterly mowed over. Outrageously smug in the belief that they have the pre-ordained right to prescribe for those whose now daily fear ridden shoes they could never ever imagine because all members of that family dynasty become obscenely wealthy (or had been born obscenely wealthy) by their twenties.

    One might think that anyone with a brain could logic out that [Blind] AMBITION is not Philanthropy [2], and Philanthropy is never, ever, how one becomes a billionaire; quite the opposite. So, why then are so many so readily duped and worshipful of proclaimed Billionaire Philanthropists; an oxymoron alert if ever there was one.

    [1] I guess that second crucifix Laura Arrillaga-Andreessen sports, in all of three of the online photos I’ve seen, represents the crucifixion of invaluable Non Mooc face to face human contact for the minions. Minions who should apparently, according to her hubby, Marc, be using AIrBnb to lease out their one bedroom apartments for $500 over the amount their landlords are also gouging them for, while they set up camp under a bridge, cease looking for a livable wage job, and look forward to $6,000 ($500×12) annual income before taxes, and a lawsuit from their landlord. (And who knows who, or what, that first crucifix represents to her.)

  5. diane

    Hmmm, I should have thought my above comment out further, as to:

    … look forward to $6,000 ($500×12) annual income before taxes, and a lawsuit from their landlord.

    Actually, that pre tax amount is questionable. Who knows whether the IRS/Treasury Department won’t gross up that annual income to include the amount the serf is being gouged for by their landlord, while simultaneously disallowing the deduction from income of: that rent the serf was gouged for; and/or the Landlord Lawsuit expenses. I’m curious to know how the IRS (and the States, for that matter, particularly California) is treating homeowner /apartment lessee AIrBnb revenue, specifically in terms of allowed deductions. Perhaps WiseMan Marc can alphamansplain it in another blowhard twit-fest?

  6. Henry Beer

    In MarcWorld data is only necessary if you’re unsure of what you’re contending. Marc is saying something to the effect of, “…the only time I was wrong was the time I thought was wrong.”

  7. Treadmill

    Propagation of Complexities

    Civilization is a limitless multiplication of unnecessary necessities. ó Mark Twain

    When a rule or law is made and invoked, we see that unintended consequences result almost without exception. One solution to this problem — a solution favored by politicians and other of the ignorant persuasion — is to add additional rules or laws to correct or remove the unintended consequences. Of course, this just compounds the problem, adding new unintended consequences, often in excess or worse than the original ones. http://www.spectacle.org/1002/felkins.html

    War is war and hell is hell and hell is no luxuries. We can’t seem to multiply the luxuries as fast as what we don’t need.

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