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Plenty of people are paying attention,and Gates contradicts his own title with this sentence: "The portion of the world's economy that doesn't fit the old mode

Plenty of people are paying attention,and Gates contradicts his own title with this sentence: "The portion of the world's economy that doesn't fit the old model just keeps getting larger." How can it get larger if no one is paying attention?

imgabe 8y ago
Easily, if it gets larger because people are naturally following other incentives. How does the Pacific garbage patch keep getting larger if people are not focused on intentionally making it larger?
maxerickson 8y ago
You've substituted "no one" for "not enough" in order to gin up your pedantry. The title is "not enough". Or do you think the phrases mean the same thing?
- mmirate 8y ago
  "Not enough" and "nothing" are usually very difficult to distinguish, since they usually have largely the same effects. (e.g. it doesn't matter if I have insufficient money or no money at all; life sucks in both of those alternate-universes)
  - BoiledCabbage 8y ago
    > since they usually have largely the same effects. They absolutely don't. I'd you have "not enough money" to meet your current monthly budget that means you can't afford to put anything aside for your vacation next year but can still get by. If you have "no money", you can eat or pay your rent. The two phrases have entirely different meanings, and usually with important differences in connotation.
melling 8y ago
“What the book reinforced for me is that lawmakers need to adjust their economic policymaking to reflect these new realities. ”
TheCoelacanth 8y ago
You don't have to understand how an economy works to participate in it. It helps, for sure, but it isn't required. Trial and error goes a long way. A lot of companies will go out of business because they are doing something that doesn't work, but some will chance upon something that works.
remir 8y ago
I think what Gates is saying is that, while the "bits and bytes" economy is getting larger, perhaps lawmakers are still thinking in the terms of the "old model" which Gates indicates is obsolete. He then says: That has major implications for everything from tax law to economic policy to which cities thrive and which cities fall behind, but in general, the rules that govern the economy haven’t kept up. This is one of the biggest trends in the global economy that isn’t getting enough attention.

imgabe 8y ago

Easily, if it gets larger because people are naturally following other incentives. How does the Pacific garbage patch keep getting larger if people are not focused on intentionally making it larger?

maxerickson 8y ago

You've substituted "no one" for "not enough" in order to gin up your pedantry. The title is "not enough". Or do you think the phrases mean the same thing?

mmirate 8y ago
"Not enough" and "nothing" are usually very difficult to distinguish, since they usually have largely the same effects. (e.g. it doesn't matter if I have insufficient money or no money at all; life sucks in both of those alternate-universes)
- BoiledCabbage 8y ago
  > since they usually have largely the same effects. They absolutely don't. I'd you have "not enough money" to meet your current monthly budget that means you can't afford to put anything aside for your vacation next year but can still get by. If you have "no money", you can eat or pay your rent. The two phrases have entirely different meanings, and usually with important differences in connotation.

melling 8y ago

“What the book reinforced for me is that lawmakers need to adjust their economic policymaking to reflect these new realities. ”

TheCoelacanth 8y ago

You don't have to understand how an economy works to participate in it. It helps, for sure, but it isn't required. Trial and error goes a long way. A lot of companies will go out of business because they are doing something that doesn't work, but some will chance upon something that works.

remir 8y ago

I think what Gates is saying is that, while the "bits and bytes" economy is getting larger, perhaps lawmakers are still thinking in the terms of the "old model" which Gates indicates is obsolete. He then says: That has major implications for everything from tax law to economic policy to which cities thrive and which cities fall behind, but in general, the rules that govern the economy haven’t kept up. This is one of the biggest trends in the global economy that isn’t getting enough attention.