SadCanadian

4 ms·

1.
by SadCanadian 5y ago
The key thing about the theory was that it was disproven when the industrial revolution took off. Incredible amounts of innovation and production in 2 centuries that did more for humanity's living standards than the previous millennium
2.
by SadCanadian 5y ago
Class structures existed for centuries in America (despite being branded a classless society), but the difference now is that, because economic growth has been stagnant for 5 decades and running now (as you allude to), the middle classes ha
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by SadCanadian 5y ago
Yep. And the more the developed world stagnates, the worse the tournament will get.
4.
by SadCanadian 5y ago
Indeed. As many seek out this opportunity and as they all ramp up their efforts, the participants of the tournament will all look similar in skill and aptitude. Thus, the determining factors will increasingly become luck-based. Everyone tha
5.
by SadCanadian 5y ago
Excellent remark. In other words, college is a tournament. Peter Thiel was very accurate with his remarks about this: https://www.youtube.com/watch?v=Yb28ZSvuKEw
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by SadCanadian 5y ago
You would be correct, that is indeed a large part of modern "education". See the signaling theory of education for more.
7.
by SadCanadian 5y ago
The economic pie is shrinking. Elites are spending more and more of their money sending their kids to the best prep schools and resume padding to ensure they don't slip through the growing cracks in the developed world (i.e. inequality
8.
by SadCanadian 5y ago
It was not the federal government that explicitly said this (emphasis explicitly) but rather an MP for Vaughn in Ontario. His name is Adam Vaughan and he said this two weeks or so ago. https://betterdwelling.com/canada-says
9.
by SadCanadian 5y ago
I live here in Toronto and it’s an absolute dumpster fire. The country is increasingly becoming hollowed out and residential investments are increasing as a % of total investments. In addition, there is no plan for prosperity. GDP per capit