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E7: California's collapse, how SPACs are opening the markets for growth stocks & more
All-In with Chamath, Jason, Sacks & Friedberg
California Politics
When the economies in an environment are really, really good, all the really, really smart people want to go into those economies. So and that's less true in places that have shiddier economies. The way that you reverse it is what singapore does, which isyou make the civil servants the highest paid people in the economy,. And you treat them like knowledge workers. You say, wi look, i'm going to pay this persons 250 thousand, 300000 dollars a year. You're shocked at the quality of the person you get.
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