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Robin Hanson: How Global Elites Manufactured Stagnation and How We Escape
From the New World
Is It Easier to Go to Vegas Than to Invest in a Private Company?
i think that a these kind of situations where it's like betting, but actually productive, possibly is more regulated than just like, straight up gambling. And i don't understand why there's fewer regulations there, compared to where your expected return might actually be higher. I mean, as you may know, if you want to solicit money from rich people or from businesses, you are a lots fewer constrained. But if you wantto solicit money from ordinary people in the public fo investment, you have to satisfy the constraints of a public investment. So my framing is that it's easier to bet on something like a vagus or a lottery ticket or something like that, than it is to invest in
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