5 ms·
> Think of it like musical chairs. Thiel just took one of the chairs away (put it in the closet) and someone has to lose the game unless more chairs are added t
by adolph 5y ago
> Think of it like musical chairs. Thiel just took one of the chairs away (put it in the closet) and someone has to lose the game unless more chairs are added to the game.
1. The chair Thiel "took" has been subsequently loaned out to other chair users. It wasn't taken away from the table. It isn't in a closet. It isn't in a giant cartoon swimming pool of chairs.
2. Thiel (and team) added net chairs to the larger musical chairs game. The count of new chairs is debatable but is not insignificant.
3. The chairs in Thiel's stash came from people willing to give him those chairs because they speculated they would get more chairs back down the road or at least not lose as many chairs as they would in other ways (like holding a chair as it shrinks due to inflation).
4. Society needs more chairs and specifically it needs people who have (a.) ideas and science to increase chairs, (b.) skills and knowledge to execute those ideas and (c.) leadership to guide and grow organizations to scale up the execution of those ideas. The emergent and evolving method society uses to develop consensus around and incentivize specific a, b, and c outcomes is the accounting of chairs.
This year society will account chairs worth $3.5B ($3,539,217,846) towards football. Do these 1,934 people add chairs or take away chairs from the table?
https://www.pro-football-reference.com/players/salary.htm https://www.pro-football-reference.com/players/salary.htm