Embedded Growth Obligations: Difference between revisions
No edit summary |
No edit summary |
||
| (9 intermediate revisions by 3 users not shown) | |||
| Line 1: | Line 1: | ||
'''Embedded | '''Embedded Growth Obligations''' (EGOs) are structures built into institutions in times of growth that assume growth will continue. An institution must therefore grow to meet its EGOs, or its leaders must lie about the presence of growth. This compromising of incentives causes institutions to tend towards exploitative or sociopathic behaviors, as their leaders face [https://en.wikipedia.org/wiki/Evolutionary_pressure selective pressures] to maintain the status quo. [[Eric Weinstein]] first publicly introduced the idea in his [https://www.youtube.com/watch?v=LruYnDjkOgU first appearance] on [https://www.youtube.com/channel/UCJdKr0Bgd_5saZYqLCa9mng The Rubin Report] on January 6, 2017. | ||
== History == | == History == | ||
Embedded | Embedded Growth Obligations became prevalent during the stable, broadly distributed, technologically-led economic growth following World War II. | ||
Physicist and historian of science [https://en.wikipedia.org/wiki/Derek_J._de_Solla_Price Derek de Solla Price] first mapped embedded growth obligations in his 1961 book ''[[Science Since Babylon]]'', where he noticed that science was on an exponential trajectory that could not reasonably be sustained. | |||
== Examples == | == Examples == | ||
| Line 11: | Line 11: | ||
* Corporate ladders | * Corporate ladders | ||
* Student loans for higher education | * Student loans for higher education | ||
== Child Theories == | == Child Theories == | ||
| Line 31: | Line 22: | ||
* Campaign finance corruption and unfairness | * Campaign finance corruption and unfairness | ||
== | == Further Discussion == | ||
{{#widget:YouTube|id=nt7Olnm1oL4}} | |||
<blockquote>Embedded Growth Obligations are the way in which institutions plan their future predicated on legacies of growth. And since the period between the end of World War II in 1945 and the early 70s had such an unusually beautiful growth regime, many of our institutions became predicated upon low-variance technology-led, stable, broadly distributed growth. Now, this is a world we have not seen in an organic way since the early 1970s, and yet, because it was embedded in our institutions, what we have is a world in which the expectation is still present in the form of an embedded growth obligation. That is, the pension plans, the corporate ladders, are all still built very much around a world that has long since vanished. | <blockquote>Embedded Growth Obligations are the way in which institutions plan their future predicated on legacies of growth. And since the period between the end of World War II in 1945 and the early 70s had such an unusually beautiful growth regime, many of our institutions became predicated upon low-variance technology-led, stable, broadly distributed growth. Now, this is a world we have not seen in an organic way since the early 1970s, and yet, because it was embedded in our institutions, what we have is a world in which the expectation is still present in the form of an embedded growth obligation. That is, the pension plans, the corporate ladders, are all still built very much around a world that has long since vanished. | ||
| Line 37: | Line 31: | ||
We have effectively become a Growth Cargo Cult. That is, once upon a time, planes used to land in the Pacific, let's say, during World War II, and Indigenous people looked at the air strips and the behavior of the air traffic controllers, and they've been mimicking those behaviors in the years since as ritual, but the planes no longer land. Well, in large measure, our institutions are built for a world in which growth doesn't happen in the same way anymore. | We have effectively become a Growth Cargo Cult. That is, once upon a time, planes used to land in the Pacific, let's say, during World War II, and Indigenous people looked at the air strips and the behavior of the air traffic controllers, and they've been mimicking those behaviors in the years since as ritual, but the planes no longer land. Well, in large measure, our institutions are built for a world in which growth doesn't happen in the same way anymore. | ||
''' | -'''Eric Weinstein''' on [[18: Slipping the DISC: State of The Portal and Chapter 2020|The Portal #18]] @ [https://youtu.be/QxnkGymKuuI?t=776 13 min] | ||
</blockquote> | </blockquote> | ||
{{#widget:YouTube|id=QxnkGymKuuI|start=776}} | |||
<blockquote> | <blockquote> | ||
| Line 50: | Line 45: | ||
'''-Eric Weinstein''' | '''-Eric Weinstein''' | ||
</blockquote> | </blockquote> | ||
{{#widget:Tweet|id=778030676108947456}} | |||
{{#widget:Tweet|id=1370847097033875457}} | |||
{{#widget:Tweet|id=1345448452579151873}} | |||
{{#widget:Tweet|id=1105867038457618432}} | |||
{{#widget:Tweet|id=1091743271875895297}} | |||
{{#widget:Tweet|id=1221215954530488320}} | |||
{{#widget:Tweet|id=1172343514367053824}} | |||
{{#widget:Tweet|id=1245024748578332674}} | |||
== See Also == | |||
* [[Gated Institutional Narrative (GIN)]] | |||
* [[Kayfabe]] | |||
* [[Kayfabrication]] | |||
== Links == | == Links == | ||
| Line 59: | Line 69: | ||
* [https://bigthink.com/culture-religion/eric-weinstein-intellectual-dark-web Eric Weinstein Intellectual Dark Web] | * [https://bigthink.com/culture-religion/eric-weinstein-intellectual-dark-web Eric Weinstein Intellectual Dark Web] | ||
* [https://twitter.com/EricRWeinstein/status/1245024751426236416 Child Theories] | * [https://twitter.com/EricRWeinstein/status/1245024751426236416 Child Theories] | ||
* [https://www.youtube.com/watch?v=QxnkGymKuuI&t=766s The Portal: Eric Weinstein on Embedded Growth Obligations] | |||
* [https://www.youtube.com/watch?v=nt7Olnm1oL4 Peter Thiel and Eric Weinstein: Why Universities Have Failed] | |||
[[Category:Ericisms]] | |||
[[Category:Twin Nuclei Problem]] | [[Category:Twin Nuclei Problem]] | ||
[[Category:History]] | [[Category:History]] | ||
Latest revision as of 19:47, 9 September 2021
Embedded Growth Obligations (EGOs) are structures built into institutions in times of growth that assume growth will continue. An institution must therefore grow to meet its EGOs, or its leaders must lie about the presence of growth. This compromising of incentives causes institutions to tend towards exploitative or sociopathic behaviors, as their leaders face selective pressures to maintain the status quo. Eric Weinstein first publicly introduced the idea in his first appearance on The Rubin Report on January 6, 2017.
History[edit]
Embedded Growth Obligations became prevalent during the stable, broadly distributed, technologically-led economic growth following World War II.
Physicist and historian of science Derek de Solla Price first mapped embedded growth obligations in his 1961 book Science Since Babylon, where he noticed that science was on an exponential trajectory that could not reasonably be sustained.
Examples[edit]
- Pension plans
- Social security
- Corporate ladders
- Student loans for higher education
Child Theories[edit]
Eric Weinstein contends that the embedded growth obligations are generative (parents) of major problems in modern society, and that these are a specific instantiation of institutional derangement due to embedded growth obligations.
- H1B Visas as a mechanism to suppress STEM wages
- Manipulation of Consumer Price Index
- Student debt crisis
- Mask and PPE shortages in the Coronavirus pandemic as a result of institutional failures
- String Theory as a dead-end in physics
- The reproducibility crisis in the social sciences
- Campaign finance corruption and unfairness
Further Discussion[edit]
Embedded Growth Obligations are the way in which institutions plan their future predicated on legacies of growth. And since the period between the end of World War II in 1945 and the early 70s had such an unusually beautiful growth regime, many of our institutions became predicated upon low-variance technology-led, stable, broadly distributed growth. Now, this is a world we have not seen in an organic way since the early 1970s, and yet, because it was embedded in our institutions, what we have is a world in which the expectation is still present in the form of an embedded growth obligation. That is, the pension plans, the corporate ladders, are all still built very much around a world that has long since vanished.
We have effectively become a Growth Cargo Cult. That is, once upon a time, planes used to land in the Pacific, let's say, during World War II, and Indigenous people looked at the air strips and the behavior of the air traffic controllers, and they've been mimicking those behaviors in the years since as ritual, but the planes no longer land. Well, in large measure, our institutions are built for a world in which growth doesn't happen in the same way anymore.-Eric Weinstein on The Portal #18 @ 13 min
"We have effectively entered a period in which we cannot trust our experts. I think that what began as a desire to contribute and to do real work, ended with an understanding that we’ve got two generations of institutional experts that are corrupted, and that we cannot wake up from this crazy fever dream that we’re all in, because we can’t figure out who we can still trust.
The doctors are compromised. The professors are compromised. The Journalists are compromised. The politicians are compromised.
About the only thing that isn’t badly compromised are people with an independent source of sustenance — individuals and very small groups are about the only thing that is free of this disease of the Embedded Growth Obligation (EGO)."
-Eric Weinstein
See Also[edit]
Links[edit]
Eventually, this page should be a fuller explanation of EGO, but for the time being here are a few links to things we were able to find doing a Google Search.
- Rebel Wisdom: Glitch in the Matrix II (5:18–9:13)
- Rubin Report: Jun 29, 2018 (27:47–31:57)
- Why We Can No Longer Trust Our Experts
- Eric Weinstein Intellectual Dark Web
- Child Theories
- The Portal: Eric Weinstein on Embedded Growth Obligations
- Peter Thiel and Eric Weinstein: Why Universities Have Failed