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In this model, if someone or something could “commandeer” the Intelligence sector, their power over society would be much more limited than it might appear at first. The world does not change that much at first, because the necessary complements are lacking.
Now recently the U.S. economy has experienced a huge positive shock to its Intelligence, with more to come. The core prediction is that this increases marginal returns, employment, and real wages in the Polanyi knowledge sector.
The best way is to be strong, sovereign, hard-working and deeply competent. Ideally with an uncanny ability to start ambitious infrastructure projects and finish them on budget and on time. Shout-out to our nuclear energy sector for nailing that. Do that and every other problem melts away.
And this is not something that you can leave up to the private sector. It’s not something where you can do your own research. It’s a very complicated world out there. And the informational burden of trying to figure out whether the people responsible for your package of hamburger are actually following safe procedures, that’s beyond everybody.
Over time that has sort of inverted completely. The private sector plus philanthropy now do about 70% of R&D and the and the government only does about 30.
The two seemingly contradictory trends connect, because the relatively low rate of productive investment leaves European industry vulnerable to its most vigorous competitors whose firms are contending with an even more deflationary macroeconomic situation at home in China.
And Russia's never had a commerce-driven economy. China much more so under Deng Xiaoping, but recently Xi Jinping has been privileging the crony sector over the private sector and neither one has stable government institutions.
Something like the relational sector, which is what I defined as, um, you know, basically services and goods where the fact that the human was in the loop was actually part of the value of that product.
the ballerina and the kind of performer, that's the wrong reference class. Right now we have a lot of jobs where you have different tasks. So this is the task-based model jobs where you have like a lot of different tasks. So like a doctor, what is their job? They're filling out insurance documents. They're you know, going and like calling different pharmaceutical companies. And one of their tasks is to actually see the patient and talk to them, but that's like actually not the main part part of the job.
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