enjoying the deep dive into Schumpeter's "Capitalism, Socialism and Democracy" by @joeldavis

asking @RadicalLib and @Megatherion8 - are Schumpeter's views valid? validated through time?

in particular the insight into the distinction between competition-between-competitors vs competition-between-technologies.

the later is well visible now with fast paced changes, and kudos to Schumpeter for having observed the slower variant of that in the 1930s, 40s
this is the first time i hear a *theoretical* backing to my guttoral opposition to monopoly-busting done by government. nice 👌
innovation as function of both capital seeking improved return of investment

and also of having established a *sheltered* environment that protects the nascent innovation until its ready to emerge - having turned self-sustaining
interesting side step - middle class intellectuals (tending to be socialists), unshackled from the upper class structures of the past, end up overtaking liberalism from within, in unmediated way

>on liberalism's own terms
currency as abstraction, with certain major side effects

example of family home that becomes abstracted away, no longer grounded in history & tradition, but now for sale
critique of the (neo/liberal) intellectual class

universities and intellectuals that become *useless* - they cannot be employed as laborers or intellectuals

self-*destabilizing effect* of capitalism
the dualism of "state capitalism" and socialism

in the light of capital allocation being abstraction over social processes, decisionmaking

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More from @DoppelMark

2 May
an open letter of "dear government pay us more". let's read.
a committee - i.e., responsibility washing
remember the recent paper that counted & equated "in minecraft" to terrorism?

this would also cover the "hate statistics" (i.e., the politically incorrect statistics)
Read 14 tweets
23 Apr
the pro-antitrust case is
>bust large co's because they are politically independent

note they never bust the political machines known as *unions*, even tho those are much more monopolistic on their markets

note they never bust the political machines of *big fundations*, either
i like @killfile take here - solid examples.

still need to remember how much more was held down and destroyed by the unions. cue any public school teachers' union.

Read 4 tweets
23 Apr
so what is truth?

to the right-winger, "truth is what makes sense"

to the other right-winger, "truth will set you free"

to the left winger, "truth is what others confirm"
Read 6 tweets
21 Apr
let's talk Susan (double-checks the spelling) Wojcicki, the YouTube CEO

#MiniResearchThread Susan Wojcicki, the CEO and censor of YouTube
aside of sister Anna Wojcicki at the 23andMe genetics company (btw - how's *that* for personalized advertising?) Anne Wojcicki, CEO and co-founder of 23andMe
aside of sister Janet Wojcicki, an award winning anthropologist (btw - how's *that* for personalized advertising?)  Janet Wojcicki, an award winning antropologist
Read 11 tweets
21 Apr
hiring low-paid PR & media specialists fresh off of college is a disaster:
the problem is compounded by the HR and the Legal depts. being woke just as well, and skewing hiring towards the woke, in ways formal and unformal.

remember when the left used to decry Citizens United? not that much those days, because now:

Read 5 tweets

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