Tom, interesting thoughts. I think that it is not easy to talk about community without talking about scale. I see small-scale communities as different from large-scale society. Being rich is a characteristic of large-scale society. Having the sense of belonging is often a characteristics of a small-scale community.
Thanks Jenn. I find Anand G’s personality too grating to listen to his entire talk. But I get your point that there is some overlap in our observations. He observes that the tech leaders tend to assume that they are doing such wonderful things that nobody could want to slow them down. If I can put in my own words what Anand is saying, it is that the…
Quite right, Richard. I like the term “regulatory herding.” It describes how regulators, by defining “risk buckets” for capital requirements, herded banks into mortgage-backed securities.
Charles, this is a very interesting essay that touches on many issues. I particularly liked your take on the lure of money and status. It’s like you get reward pellets for pleasing an audience and if you’re not careful you lose your ability to be skeptical and critical of their thinking.
Lewis, those are good points. But with the UBI as I envision it, the primary responsibility for income maintenance is at the Federal level. It is only the most difficult cases — people without the ability to earn enough to supplement the UBI to avoid poverty — who would require more assistance. I think much of this could come from charities. I am not…
Filippo. That is an interesting observation. It could be taken to mean that liberal society may be more fragile than we realize. Or it could be taken to mean that religion-based and tradition-based societies declined out for a reason, just as hunter-gatherer societies declined for a reason, and that this shows that behavioral norms that last a long time can nonetheless prove to be unfit.
Daniel, I find that much of the interesting ideas about the economy come from professors in business schools, or from the people active in the business world. I have expressed the view that reality has evolved in ways that make the concepts and methods of mainstream economics less relevant than they were 50 years ago.