Brett Winton
Brett Winton

@wintonARK

4 Tweets Mar 14, 2023
@cburniske dunno. find myself profoundly uncomfortable with the idea that we should 0 discount, and thereby not continue growth/innovation because incremental growth/innovation puts at risk the 10s of billions that could future become at ~current standard of living...
@cburniske for one thing, if you X out growth/innovation (and associated incentive structures) unclear the degree to which that creates profound political/societal fractures
@cburniske (in some ways I'm a societal structure cynic-- the creation of a discount rate is not some kind of economics invention but rather a capturing of individual human motivations/actions at the individual and political mass level)
@cburniske put another way, sure it might be good if the world/institutions invested/planned with a lower discount rate (tho not sure that's true at least at the level toyed w/ in the book) but humanity is deeply wired in such a way that such a lowering can not be practically implementable.

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