, 3 tweets, 1 min read Read on Twitter
The US is in a much worse state than people think because capabilities get replaced with pseudo-capabilities rather than simply disappear.
Economic growth is the most obvious example of this. It clearly isn't tracking anything anyone before the 1970s would've considered productive, but the stats still tick up.
The real economy gets replaced with financial voodoo. Science gets replaced with fiddling with statistical models. Technology gets replaced with 'tech entrepreneurship' (which now includes taxi services or selling eyeglasses). Etc.
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