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Sat Sep 20 16:42:33 UTC 2014  <moriarty>   haha :P

Sat Sep 20 16:42:22 UTC 2014  <moriarty>   mircea_popescu, think social escorts, etc

Sat Sep 20 16:42:14 UTC 2014  <moriarty>   mircea_popescu, cost of living is high in singapore, so those without the proper education tend to resort to less conducive means to make a living

Sat Sep 20 16:41:54 UTC 2014  <moriarty>   mircea_popescu, but you're right, it makes for an interesting society experiment

Sat Sep 20 16:41:20 UTC 2014  <moriarty>   mircea_popescu, it does not affect the parent as negatively as the offspring, particularly if the parent is not emotionally vulnerable to its offspring :)

Sat Sep 20 16:41:14 UTC 2014  <mircea_popescu>   moriarty why is this a problem ?

Sat Sep 20 16:40:57 UTC 2014  <moriarty>   mircea_popescu, in short, the motivations of the parents are not entirely aligned with the children

Sat Sep 20 16:40:51 UTC 2014  <mircea_popescu>   moriarty not a dilemma in any sense.

Sat Sep 20 16:40:41 UTC 2014  <moriarty>   mircea_popescu, principal-agency dilemma

Sat Sep 20 16:40:11 UTC 2014  <mircea_popescu>   moriarty no. it encourages backgrounds to not be fracturous

Sat Sep 20 16:40:03 UTC 2014  <moriarty>   without any ladder back up

Sat Sep 20 16:39:56 UTC 2014  <moriarty>   so the singaporean model discounts earlier on, individuals that come from more fractious backgrounds, by tiering them very early on

Sat Sep 20 16:39:35 UTC 2014  <moriarty>   in essence, there are negative externalities based on the draw of the hand, where some individuals never get tested on their fortitude in dealing with familial crises, and others do

Sat Sep 20 16:39:01 UTC 2014  <moriarty>   and the singaporean social experiment assumes implicitly that curveballs are totally within the individual's control

Sat Sep 20 16:38:46 UTC 2014  <moriarty>   although if one wants to be sappy about it, life does throw curveballs at some individuals more than others

Sat Sep 20 16:38:26 UTC 2014  <moriarty>   mircea_popescu, that's a good point, i like singapore's system too

Sat Sep 20 16:37:22 UTC 2014  <mircea_popescu>   moriarty http://trilema.com/2012/gpg-contracts/ <. the tl;dr being, don't change after you fucked up. change before.

Sat Sep 20 16:37:13 UTC 2014  <moriarty>   mircea_popescu, remind me?

Sat Sep 20 16:36:36 UTC 2014  <moriarty>   if you're not good enough, you get streamed to what essentially pigeonholes you to the blue-collar stream

Sat Sep 20 16:36:11 UTC 2014  <mircea_popescu>   moriarty you ever read the gpg contracts article ?

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