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E32: Populism, Elites, and Preparing for AGI
"The Riff" with Byrne Hobart and Erik Torenberg
The Cycle of Populism and Technocracy
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Elites tend to pave the way for their children's success by providing them with opportunities and guidance based on their own experiences. This cycle, although associated with a Marxist view of elites and technocracy, is seen as directionally correct. There is a common cycle between left and right populism, with differences in approaches to economic issues but similarities in addressing social issues. Populists, by increasing spending and providing financial assistance, end up making the economy more understandable for technocrats by gathering detailed information about the population to distribute benefits effectively.
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