“Power to the People” evolving investment thesis (long-term)
- Individuals & collectives > (Traditional) Institutions. No more artificial gate keepers.
- Internet is the great equalizer
- Markets eat the world
What does that look like in practice?
See below:
- Individuals & collectives > (Traditional) Institutions. No more artificial gate keepers.
- Internet is the great equalizer
- Markets eat the world
What does that look like in practice?
See below:
First off, this theme is a variant on the sovereign individual thesis.
People are searching for community & belonging more than ever, and “sovereign individual” doesn’t include that.
Partially inspired by this piece & tweet:
philjbonello.substack.com/p/the-sovereig…
People are searching for community & belonging more than ever, and “sovereign individual” doesn’t include that.
Partially inspired by this piece & tweet:
philjbonello.substack.com/p/the-sovereig…
Main argument informing thesis:
The internet is the great equalizer
On the internet, anyone globally can get a great education & build a portfolio
The fact that anyone can build a portfolio means we’ll rely less on artificial gate-keepers of quality (e.g academia & media)
The internet is the great equalizer
On the internet, anyone globally can get a great education & build a portfolio
The fact that anyone can build a portfolio means we’ll rely less on artificial gate-keepers of quality (e.g academia & media)
A great education means ppl in developing countries can gain the same skills as ppl in developed countries
This means cos will be able to hire ppl in developing countries at a lower cost
This will raise growth & tax revenue in developing countries, but decrease it in developed
This means cos will be able to hire ppl in developing countries at a lower cost
This will raise growth & tax revenue in developing countries, but decrease it in developed
To make up for lost revenue, developed countries will print $, raise taxes, & make it hard to leave(eg MMT, QE, Wealth Tax, Exit Tax)
Printing money means there'll be an increased demand for uninflatable $
Increased tax means there will be an increased demand for charter cities
Printing money means there'll be an increased demand for uninflatable $
Increased tax means there will be an increased demand for charter cities
People will become customers of governments instead of merely citizens.
In other words, it won’t be JFK’s speech “ask what you can do for your country” but instead countries & gov’ts will compete over what they can do for you
What does this mean? Let’s go category by category
In other words, it won’t be JFK’s speech “ask what you can do for your country” but instead countries & gov’ts will compete over what they can do for you
What does this mean? Let’s go category by category
Education:
Trends here are:
- crushing debt
- vanishing information asymmetry
- global access
Opportunities:
- Parallel education institutions outside K-12 (e.g home school)
- Remote (e.g. Lambda)
- Align incentives (ISAs)
Trends here are:
- crushing debt
- vanishing information asymmetry
- global access
Opportunities:
- Parallel education institutions outside K-12 (e.g home school)
- Remote (e.g. Lambda)
- Align incentives (ISAs)
Employment:
- Companies that help people move and take advantage of geo arbitrage, like placement)
- Press button. Do digital work. Earn Money (@balajis vision)
-Global & digital labor marketplaces:
- Anything that enables remote work (VR, e-sports)
- Companies that help people move and take advantage of geo arbitrage, like placement)
- Press button. Do digital work. Earn Money (@balajis vision)
-Global & digital labor marketplaces:
- Anything that enables remote work (VR, e-sports)
No more artificial gatekeepers:
Journalism: Everyone’s a journalist now. The person who gains audience trust directly, wins. NYT et al doesn’t decide. The crowd does.
Education: People shouldn’t pay $250K for a piece of paper. Instead, digital portfolios & p2p credentials.
Journalism: Everyone’s a journalist now. The person who gains audience trust directly, wins. NYT et al doesn’t decide. The crowd does.
Education: People shouldn’t pay $250K for a piece of paper. Instead, digital portfolios & p2p credentials.
Dissident tech:
- Protect against gov't power (e.g BTC for inflation, encrypted communication platforms for censorship, pseudonymous accounts for personal attacks)
- Protect against corporate power (e.g sovereignty preserving computing like orbit, blockstack, casa, etc)
- Protect against gov't power (e.g BTC for inflation, encrypted communication platforms for censorship, pseudonymous accounts for personal attacks)
- Protect against corporate power (e.g sovereignty preserving computing like orbit, blockstack, casa, etc)
Trust shifting from Individuals to institutions - so anything that enables them to connect & monetize their audience and operate independently
- Rating systems for everything
- marketplaces for everything
- security / protection
- Rating systems for everything
- marketplaces for everything
- security / protection
Communities:
Internet destroyed communities. It will also rebuild them ()
Since work will be remote and people will increasingly be entrepreneurs, there will be increased demand for IRL networks.
Internet destroyed communities. It will also rebuild them ()
Since work will be remote and people will increasingly be entrepreneurs, there will be increased demand for IRL networks.
