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by georgefrowny
33 days ago
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They were right that economics is a dismal science, but to me these days it's not only about the ugly Moloch-like consequences, but also because these utter wierdos are in charge of it, and the medium of economic domination is a PowerPoint of nonsensical AI slop. |
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It all comes to names here. The world puts waaay too much faith in successful people being successful again, and too much of the success is attributed to their inherent talent. It’s a classic fallacy of authority.
Ironically, because everyone thinks that everyone thinks that they will succeed, investing on them does yield good returns, because others are likely to invest after. And they do indeed continue to succeed!
It’s as arbitrary as tulips. Bubbles of names. That’s why it’s weirdos, because it’s quite random who is chosen, and I suppose weirdos have a more pronounced brand.
Of course it’s not completely arbitrary, there’s real merit in cracking the initial chicken-and-egg, depending on where you start in life. And there are plenty of ways of squandering the opportunities that come after. But still.