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Embedded Growth Obligations: Difference between revisions
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'''Embedded growth obligations''' are structures built into institutions in times of growth that assume that growth will continue. The institution must therefore grow to meet the obligation. | |||
== Child Theories == | |||
Eric's central thesis is that the Embedded Growth Obligation is generative (a parent) of major problem areas in modern society, and that these are a specific form and instantiation of institutional derangement due to Embedded Growth Obligations. | |||
* H1B Visas as a mechanism to suppress STEM wages | |||
* 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 | |||
== Transcript Excerpts == | |||
<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. | ||
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'''-Eric Weinstein''' | '''-Eric Weinstein''' | ||
</blockquote> | </blockquote> | ||
== Links == | == Links == | ||
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. | 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. | ||