Noah Smith
@Noahpinion 11 months, 4 weeks ago 688 views

Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.

See this thing that @lymanstoneky wrote: https://t.co/2xqpKdMZUs
And see this thing that I wrote: https://t.co/2GduLv9SL5
And see this book that @JamesFallows wrote: https://t.co/sXGIQHirxn
And see this other thing that I wrote: https://t.co/uxUcLHzmON
And see this book that Enrico Moretti wrote: https://t.co/GO3WXIPv25
And see yet another thing that I wrote: https://t.co/zud8wNQDTh
And see this thing that @John_C_Austin wrote: https://t.co/9NOOIiewx9
Universities are the closest thing we have to a "magic bullet" for reviving America's declining, forgotten, rural, and left-behind regions.

Everyone needs to know this. Help me get the word out.

(end)

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Time for panel #3: Big Tech and regulation!

I will be live-tweeting again, and you can also watch video at either the Twitter or Facebook links below!


Kaissar: Every industry gets regulated when it gets big. The question is what kind of regulation Big Tech will get,and whether the companies will be proactive in shaping it.

Kaissar: More profitable companies have higher returns. Why? Maybe it's a risk factor, because more profit = higher risk of getting regulated.

Bershidskyis showing a diagram of GDPR complaince pop-ups. What a massive ill-conceived bureaucratic mess.

Ritholtz: It's 2018 and we're still talking about Facebook privacy settings?! If you're still giving your personal data to Facebook, you just don't care about privacy!
Today's @bopinion post is about how poor countries started catching up to rich ones.

It looks like decolonization just took a few decades to start

Basic econ theory says poor countries should grow faster than rich ones.

But for much of the Industrial Revolution, the opposite happened.
https://t.co/JjjVtWzz5c

Why? Probably because the first countries to discover industrial technologies used them to conquer the others!

But then colonial empires went away. And yet still, for the next 30 years or so, poor countries fell further behind rich ones.
https://t.co/hilDvv0IQV

Why??

Possible reasons:
1. Bad institutions (dictators, communism, autarkic trade regimes)
2. Civil wars
3. Lack of education

But then, starting in the 80s (for China) and the 90s (for India and Indonesia), some of the biggest poor countries got their acts together and started to catch up!


Global inequality began to fall.

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