[FRIAM] Strawman/Steelman

[Roger Critchlow]

But companies and mutual funds are collective investments.  Hedge funds are
collectives.  They don't think of themselves that way, but even Elon Musk
is a huge collective if you take into account everyone who holds some kind
of stake in Tesla, Spacex, Boring, and so on.

Or are you invoking the collective than which none can be more collective?

Although the argument is made endlessly in terms of individuals versus
collectives, isn't it really a battle by existing collectives to prevent
the formation and growth of competitive collectives?  The assertion that
certain forms of "natural" collectives should be more privileged under the
law and protected from competition from "unnatural" collectives?

-- rec --


On Sun, Jan 31, 2021 at 12:43 PM Marcus Daniels <marcus at snoutfarm.com>
wrote:

> Eric writes:
>
>
>
> < The mechanics by which wealth skews place a spectrum of bets within or
> out of reach, and then the value judgments of the specific bets particular
> actors take, are both things to be understood.  I find arguments
> frustrating in which one tries to get a clear picture of the mechanics, and
> suddenly the conversation gets overwrought about valuations, as if the two
> were the same topic.  >
>
>
>
> One could imagine making the discretionary spending by the NIH opt-in on
> taxes.   Since many pharmaceutical patents build on research funded by the
> NIH, the government could insist on a better rate on drugs than those that
> did not opt-in to that taxation.   Patents could be blocked without a
> convincing examination of supporting research.    “Oh I see you opted-out
> on NIH research on your 1040, your chimeric antigen receptor treatment bill
> will be $500k.  Here is a CareCredit application.”  (Sadly that’s the
> situation for most people, now.)
>
>
>
> If a large fraction of people don’t to even want to acknowledge the need
> for collective investments, it should be no surprise when the rest take
> matters in to their own hands, or use it as leverage to profit.
>
>
>
> Marcus
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