Me: Pretty much. Many communists around if you want to find them, it's a third world country, it is still a feudalistic cultural epitome as well.
One of my first conversations and confrontations about my Communism... in a thread..
* Fellow traveler sees me watching a video clip on Leninism...
Him: You're a Communist? In this day and age? That's rare. Where are you from?
Me: India
Me: Pretty much. Many communists around if you want to find them, it's a third world country, it is still a feudalistic cultural epitome as well.
Me: No. India's communist parties follow the electoral line. Though there are many hardline Maoists that believe in Armed struggle. The CPs also have trade unions, they do a lot of societal transformations, etc wherever they are in power.
Me: Yeah. At least, there is no antagonistic anti communism like you have in the west.
Me: Communism didn't do that. The Eastern bloc countries turned poor en masse after they abandoned Socialism btw.
Me: Under Socialism, jobs were a fundamental right. When they turned neoliberal is when their jobs went and they were left high and dry.
Me: Let me ask you. Do you want to be rich?
Him: Yes.
Me: ... and the person next to you?
Him: Sure that would be great!
Me: and perhaps everyone in this aircraft as well?
Me: Then that's communism, btw :) Have a look at the UN figures for Soviet Russia and you will see an economic graph that never went down despite being the most sanctioned country in the world. Cuba...
Me: Billions? And the world never saw a population drop? USSR and China eliminated those who threatened their Revolutions, which I find no different from massacres and wars started by the West to keep their hegemonic power intact.
Me: But it's also a planned economy. The government also has board members in every private company, there are national targets, things to achieve as a nation.
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1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
