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Jun 30, 2022Liked by Tom White

It’s hard to decipher which vcs are legit just via twitter, but it’s a lot easier when you understand the true definition (and check their past investments to match it).

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I am not an economist. My point of view might seem by turns Neandertal, Marxist, or anti Tech.

A) You said that we may be suffering from a lack of innovations. I think we are suffering from a deluge of innovations..

Example:

i) The New York Times reported, a few years ago, about a new form of medical malpractice: Doctors' errors occasioned by the onslaught of technical changes, in the equipment they used, that they could not keep up with.

The Times reported that some doctors had given patients drastically inflated and carcinogenic quantities of radiation because the radiologists were overwhelmed and perplexed by incessant software upgrades

ii) The quality of written expression: Writers are so damn busy mastering ever new and superfluous communications technologies that they don't have time for literary excellence. I am sick of the emoticoms, I am sick of noisome flickering images on my computer screen. I want a quiet background graced by, and sparkling with, stuff that shines like Shakespeare.

B) There is too much investment capital:

i) Too much wanton spending and investment bids up the price of goods and services and makes like more unaffordable for common folk

ii) Too much investment capital creates spiraling booms which leads to paralytic crashes, e.g., Before 2007, a superfluity of money in the hands of the big boys led to a real estate boom, which led to a crash, which gave us the great recession.

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