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That reads like Graham is poking fun at Google/Larry opposers, am I missing something? He's saying fighting poverty by bringing up the bottom is noble, but figh
by sooheon 8y ago
That reads like Graham is poking fun at Google/Larry opposers, am I missing something? He's saying fighting poverty by bringing up the bottom is noble, but fighting inequality by capping the top end is foolish.
BTW I agree with him in the sense that indices like Gini coefficients etc. are not comprehensive enough, and optimizing for simple numbers leads to distorted outcomes. I also agree with you in the sense that top heavy players in the economy are harmful to the extent that they seek rent and prevent competition.
- geofft 8y agoYes, he's being sarcastic, but I think his words have a point if taken straight, so I'm being counter-sarcastic. PG says "You believe this thing I think is nonsense, right?" so I say "I absolutely believe this thing which you were serious about, right?"