Editing Ronald Coase (section)

=== 2024 ===

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|nameurl=https://x.com/EricRWeinstein/status/1823488036459700708
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You mean the Friedman money and banking seminar where @haralduhlig was the principal critic who then started to understand only after the seminar?

I’d be happy to do this with Harald on board. It might motivate us to finish our work that happened after the seminar. 

I don’t know you @florianederer. But I do know you as a consistantly bad actor. As you may know, the most famous Chicago seminar was that of '''Coase'''. Where the seminar became famous *because* Chicago got it wrong. And it took much longer to see the argument. 

Harald got it wrong during the seminar. And I also know that Chicago, at least historically, eventually usually gets it right. But I’d be happy to structure a bet that would penalize your being a bad actor. 

I write this not because I care about your opinion. But because Cliff is a colleague. And, at least here, you are a troll. Let’s figure out if there is a mutually agreeable bet that gives me an ability to inflict a cost on this behavior of yours. 

And one last point. Arrow and Samuelson were both supportive of this work. But perhaps you see what they do not. Who knows. You are certainly very sure of your position. As am I. 

One of us is wrong.
|timestamp=10:33 PM · Aug 13, 2024
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|nameurl=https://x.com/EricRWeinstein/status/1842652706370167150
|name=Eric Weinstein
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|username=EricRWeinstein
|content=Appreciate that! It’s all in the paper.

To be a bit fair to this JV I don’t think he knows that we were fighting *for* workers and natives against the open border *conservatives* at the Wall Street Journal.  Or '''Coase'''. I have been prominent as a restrictionist for 35 years. Never heard of the guy before this. So I think he is confused.  

https://cis.org/Arthur/Wall-St
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|nameurl=https://x.com/EricRWeinstein/status/1842646226212380971
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You're getting it. May I throw in a few details? 

Migrant worker programs already exist. They are loved by businesses for their ability to lower wage outlays by destroying the bargaining positions of natives. That has been true from long before I entered the scene.

The problem has been that Business has been able to advertise three false things: 

A) Taking away the rights of native workers is pro-free-market.

B) Business is xenophilic. 

C) All opposition to business immigration is bigotted and racist nativism. 

This work stepped into that business framework to show that ALL THREE are false. 

I'm quite proud of this work. It's free market. It's pro worker. It's pro natives. It's pro business. It's pro xenophile. So it's a nightmare for those lying about immigration. No one implements it because business doesn't care about natives, immigrants or free markets. It cares about money. And workers and natives don't understand '''coasian''' analysis is their best friend. It can be used to prove that business hates free markets. As I did here. Rather successfully I might add. The threatening and misguided Mr. JV to the contrary. 

Thanks for taking the time to look at the work. I can't engage with these people for the obvious reasons. But at some point I would love to get back to this '''Coasian approach''' to fighting corporatism posing as capitalism.
|timestamp=7:21 PM · Oct 5, 2024
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|nameurl=https://x.com/SimsYStuart/status/1842649481671491664
|name=Stuart Sims
|usernameurl=https://x.com/SimsYStuart
|username=SimsYStuart
|content=Yes. All that was made perfectly clear in the paper. I can’t help but suspect @JohnnyVedmore didn’t actually read the paper or didn’t fully understand what he read. Because his basic assertions are all blatantly contradicted by the substance of the paper. …
|timestamp=7:34 PM · Oct 5, 2024
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|name=Stuart Sims
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|username=SimsYStuart
|content=Which is a relief to me because I admire you and would feel betrayed to find out you’re actually Evil Eric, globalist controlled opposition. 

Hope you have a good day. 😊🙏
|timestamp=7:34 PM · Oct 5, 2024
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|timestamp=7:46 PM · Oct 5, 2024
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|nameurl=https://x.com/EricRWeinstein/status/1856037816209399991
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Or try this: 

{{#widget:YouTube|id=EsYDVW2na7c}}
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{{Tweet
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|nameurl=https://x.com/EricRWeinstein/status/1856026921659969705
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=In this brutal campaign, potentially the most important idea for labor surviving,  coexisting and thriving with AI got lost. It was raised by @NicoleShanahan inside the  @RobertKennedyJr campaign, before they folded into MAGA/MAHA. She whispered it in a sea of shouts and screams, and to the best of my knowledge no one heard it.

The idea is this: UBI is a crude dehumanizing welfare tool which should be abandoned in favor of a '''Coasian free market solution'''.

Unfortunately for this idea to work, we have two massive branding problems:

A) Businessmen pretend to be Free Marketeers  They are not. '''Coasian economics''' gives them an option to live their stated free market dream but where workers can now get wealthy. And, as you might fear, CEOs and VCs hate it. Thus you can’t trust the “free marketeers” because the free market may be used to help labor over capital. 

B) UBI may be dull, blunt, socialist and stupid but it has a massive brand. '''Coase''' is a efficient and brilliant but has no marketing department. It’s a boutique “IYKYK” product for true free marketeers. Ask any top economist about the most ingenious three ideas ever had by an economist and many of them will include “Coasian Property Rights” because it is totally non-obvious and pure.

If you want to save the planet from the twin threats of Communist UBI and Post Capitalist AI, do *NOT* put a tech CEO or VC as AI/Labor Tsar. I know that sounds crazy, but that is simply due to point A). '''Coase''' makes you choose between profiteering and free marketeering. And capitalists choose personal wealth over free markets almost always (see the link below).

You want a Tsarina to save the free market in @NicoleShanahan to cut all Americans in using free markets.

Don’t let UBi make Americans into welfare recipients. Make them *owners* and make them WEALTHY. Please resist the temptation and do *not* give this portfolio to business people claiming to be free marketeers. '''Use Coase instead'''.

This should have been front and center given the looming threat to labor. Let’s start talking about it now. There is no time to lose.

[For how this works technically, change Migrant Workers to AIs in the following: 

https://www.ilo.org/sites/default/files/wcmsp5/groups/public/@ed_protect/@protrav/@migrant/documents/publication/wcms_201871.pdf

and the entire framework goes over, more or less word for word.]

🙏
|timestamp=5:31 PM · Nov 11, 2024
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|nameurl=https://x.com/EricRWeinstein/status/1856037481801756768
|name=Eric Weinstein
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|username=EricRWeinstein
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|timestamp=6:13 PM · Nov 11, 2024
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|timestamp=6:14 PM · Nov 11, 2024
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