The idea of imperfect competition leading to technological advancement can be mapped onto education/early learning and social determinants of health. /2

Market forces lead to suboptimal investments in health and education, especially social determinants of health and early learning. (Invest early, invest often for biggest rerurns.) /3
Public policy can provide the "monopolistic" investment that optimizes (at least improves) productive potential of every person in society, not discounting the potential of the poors and the marginalized. /4
This is exactly what we are going to need more of in the next few years, as the Global North ages rapidly and we are faced with dependency ratios that look like the 1960s, but with half the growth. That working are population will need all hands on deck. /5
In short, after a lifetime of being told that markets can do the job if you just get out of the way, we are entering an era where we will need more public policy interventions to optimize growth and well being./6
That means turning the policy mantra of the last three decades (less government, more market) on its head. To be the best we can be, to maximize potential and boost growth, we will need more government. /7
That will likely mean that government as % of GDP will rise. But more spending (and, critically, will mean, also, higher quality of life and technological breakthroughs in arenas like climate change. Needed because the planet's health is the starting point for all production.
3 tweets back: "That working age population will need all hands on deck." (not "working are", damn autocorrect)
last tweet: more spending (and, critically, *more revenues as a % of GDP) ...

This makes GBA+ analysis more important than ever because it links outcomes to outlays
GBA+=gender budget analysis, + = fiscal choices on all equity seeking groups.(Indigenous,newcomers, racial minorities, disabled)
GBA+ links $ spending to the *benefits* of spending. What change is that new $100M buying?
Radical. Indispensable if the future needs more gov't.
FIN

More from All

You May Also Like

THREAD: 12 Things Everyone Should Know About IQ

1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE


2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less.
https://t.co/UqtS1lpw3n


3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)

(Note that the Flynn effect shows that IQ isn't 100% genetic; it doesn't show that it's 100% environmental.)


4. IQ predicts many important real world outcomes.

For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3


5. Higher IQ is associated with a lower risk of death from most causes, including cardiovascular disease, respiratory disease, most forms of cancer, homicide, suicide, and accident. https://t.co/PJjGNyeQRA (N = 728,160)
Moderna CEO Stephane Bancel was previously CEO of bioMerieux in France from 07-10.

Alain Merieux, who owns bioMerieux, was instrumental in the creation of the Wuhan Institute of Virology P4 Lab.

The same people who helped create the virus, also helped to create the vaccines...


Moderna partnered with French Pasteur Institute in 2015 to develop mRNA vaccine technology.

Pasteur Institute partnered with the Wuhan P4 Laboratory in 2017 along with the Merieux Foundation to study emerging viruses...
https://t.co/yFsHwrNYaK
https://t.co/9M5lydBKhM


Nobel prize winning scientist Luc Montagnier asserts that Sars-Cov-2 is man-made and originated from the Wuhan Institute of Virology.

Montagnier did extensive work with the Pasteur Institute in France which was partnered with the Wuhan P4.

Merieux Foundation & the Chinese government have worked together since 1965, and partnered to study emerging pathogens in Africa in 2015.

Their research included "PATHOGENS CARRIED BY BATS" that provoke respiratory diseases.

🚨🚨🚨
https://t.co/gVwpT0ssqI