Steve Randy Waldman
@interfluidity.com

Excellent, by @deanbaker13.bsky.social.

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Steve Randy Waldman
@interfluidity.com

i think it’s working for me? anyway drafts.interfluidity.com/2024/08/13/c...

China as a model

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Steve Randy Waldman
@interfluidity.com

you used to have to change the clocks, but now it’s like a treasure hunt to find a clock that hasn’t changed itself.

Steve Randy Waldman
@interfluidity.com

“That rabbis composed and distributed a letter condemning a single candidate for mayor in one city, while too often remaining silent regarding the explicit hate speech that now runs through the Republican party, is embarrassing and shameful.” @ravmike.bsky.social

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Steve Randy Waldman
@interfluidity.com

“It is unreasonable to expect working-class Americans to behave politically as a cohesive class when the party that supposedly champions their interests will not address or organize them in those terms.” @gabrielwinant.bsky.social

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Steve Randy Waldman
@interfluidity.com

en.wikipedia.org/wiki/Poe's_l...

Poe's law - Wikipedia

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Steve Randy Waldman
@interfluidity.com

five behind greenwich mean time.

Steve Randy Waldman
@interfluidity.com

concentrating our forces off Venezuela and Nigeria will ensure our critical national security interests are protected.

Steve Randy Waldman
@interfluidity.com

there's no particular we. the idea is that organizations in the fray necessarily know what's going down. they interact directly, it's what they need to act on. 1/

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Steve Randy Waldman
@interfluidity.com

people not in the fray, normies, hobbyists, can treat it all as entertainment, and fiction is more engaging than reality. 2/

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Steve Randy Waldman
@interfluidity.com

if we have a world where most people interact, ideally in direct, IRL, human settings, with people in the fray — and importantly vice versa, so leaderships are held constantly to account… 3/

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Steve Randy Waldman
@interfluidity.com

then there are trusted sources of truth, resources to debunk or confirm what people think they know from infotainment. 4/

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Steve Randy Waldman
@interfluidity.com

right now, all most of us have is really infotainment. but we are exercising our obligations of citizenship in a fantasy world constructed simultaneously to engage and influence us. /fin

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Steve Randy Waldman
@interfluidity.com

people are exposed to the truth, but also to lots of lies. we need a world where when people interact with people they trust, they hear the truth rather than the lies.

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Steve Randy Waldman
@interfluidity.com

why we need to develop mediating institutions that aren't twitter, tiktok, or TV. or even bluesky. institutions whose leaders know what's going on, and whose rank-and-file interact personally with, and can hold accountable, those leaders. 1/

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Steve Randy Waldman
@interfluidity.com

unions, political parties, fraternal orgs, churches, there're many possibilities. some of us tried to use universities for this, but that's a mistake. mediating institutions have to be able to be parochial in favor of interests of their memberships, but universities owe universal obligations. /fin

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Steve Randy Waldman
@interfluidity.com

Reagan: Morning in America Trump: Mourning for America

Steve Randy Waldman
@interfluidity.com

i miss @kdrum.bsky.social.

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Steve Randy Waldman
@interfluidity.com

yet another reason to bring the universities to heel. they are literally teaching this. en.wikipedia.org/wiki/Lie_the...

Lie theory - Wikipedia

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Steve Randy Waldman
@interfluidity.com

Yes. It's an excellent point that, along with other institutions ro address the thorny market problems of high-cost, easy-copy innovation, in social democracies really devoted creatives and researchers always have the basic means to pursue passions and don't risk starvation if an enterprise fails.

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Steve Randy Waldman
@interfluidity.com

I really like Western ideas of individual enterprise free from the guidance of authority! But we can adapt them to alternative institutions! 1/

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Steve Randy Waldman
@interfluidity.com

@vitalik.ca for example has had interesting ideas about decentralized ex post finance of public goods. Treat innovation as a public good, and let a diverse range people allocate state funds to the ones they perceive has having been very valuable. 2/

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Steve Randy Waldman
@interfluidity.com

@deanbaker13.bsky.social has suggested giving all citizens a right to allocate sum of state money they can allocate to journalistic organizations that do not paywall. 3/

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Steve Randy Waldman
@interfluidity.com

Even institutions where the state does play a formal role can be reformed to be much less discriminatory. Subsidies of fixed capital can be granted on the basis of proof that capital will be fixed and there's a plausible business plan to try to use it, without playing sectoral favorites. 4/

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Steve Randy Waldman
@interfluidity.com

In general, the barriers to entry to granting systems, and the returns to connections or experience or expert-knowledge in applying for grants, can be diminished, and the range of activities for which grants can be offered can be made very broad. /fin

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Steve Randy Waldman
@interfluidity.com

#relatable

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Steve Randy Waldman
@interfluidity.com

Yes. Absolutely we need to make rules! Stateless warlordism is not good for innovation. An otherwise decent state that did nothing to address the implications of the fact that innovation is costly but copying is not would be stagnant. 1/

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Steve Randy Waldman
@interfluidity.com

But there are lots of ways to address those implications. We've become grandly proud and ideologically wedded to one approach, intellectual property "to benefit creators", which in practice is doing an increasingly poor job of that while extracting increasingly exorbitant rents. 2/

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Steve Randy Waldman
@interfluidity.com

If we want to transition from this approach, we absolutely have to start adopting alternative, intentional, solutions. (@deanbaker13.bsky.social is very good on these.) Going laissez-faire (in a way most libertarians wouldn't recognize as laissez-faire) would not be sufficient. 3/

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Steve Randy Waldman
@interfluidity.com

But the evidence grows ever stronger I think that the costs of our approach are very high, and we should be looking for better means of achieving (and hopefully surpassing) its benefits. /fin

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Steve Randy Waldman
@interfluidity.com

this strikes me as something akin to when Greenspan remarked in 2008, about his prior economic ideas, "I have found a flaw. I don't know how significant or permanent it is. But I have been very distressed by that fact." Greenspan has not since become a champion of social democracy, however.

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Steve Randy Waldman
@interfluidity.com

That is a matter if policy design, though. A wise state could subsidize fixed-capital-formation on nondiscriminatory terms. See e.g. drafts.interfluidity.com/2024/09/04/i...

Income driven repayment of fixed capital

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