Sublime

We feel paralyzed because we fear that our institutions and leaders are no longer able to operate and the solutions require many to act against their own immediate interests. We strive to make more people and communities capital-efficient and market-friendly even as the water level rises. The logic of the market has overtaken most of our waking liv

Fourth, this artificially expanded opportunity will favor general bigness and concentration in finance itself.

My own answer to the contrarian question is that most people think the future of the world will be defined by globalization, but the truth is that technology matters more.

For most of the 2020s, the driving economic force will be low growth in productivity, decreased opportunities for investment of accumulated capital, and low interest rates. It will also be a period of increasing unemployment, driven by continued decline in industry and stagnation in high tech as the result of the maturation of the core technology.

My thinking is that in the Entrepreneurial Age the housing market should be analyzed through a categorization scheme that simply separates two groups. On the one hand are what my wife, Laetitia Vitaud, calls the hunters: people who spend a relatively short amount of time in a particular area because they’re hunting for money (as workers), knowledge