Luke Bearden

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re: gentrification


Change is inevitable. The best we can do is manage it to protect the most vulnerable people affected by it. In the past this meant the poor and the elderly, but increasingly it’s also coming to include the young—kids recently graduated from college, and young families who can’t find an affordable place to live. Helping these people is going to involve building a lot of new real estate, some of it potentially ugly, taller, and in much higher density than many neighborhoods have seen before. But when, as a society, we have to choose between architectural preservation and giving people a roof over their head, the choice is clear: we should preserve the best buildings and blocks and bulldoze the worst to make way for the future.

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A Recorded Existence

My dad died in the 1980s at a young age leaving behind a few items, photos, audio tapes, papers, etc., in the process. These were the records of his existence, but his existence was only partially preserved. Because, outside of these records, whether found or yet to be discovered, nothing else can be known about my dad. Over the course of humanity, billions of people have died without any records of their existence. Many people in the world still die this way. And as a result, humanity loses their cumulative life experience and wisdom, a number that’s in the billions of years.

For the most part, children of children born today will not have this concern. They will be among the first to witness the growth of their parents from birth to death in a granular way. Locked accounts and privacy issues aside, children of the future will see who their parents knew, when they met, the things they

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The decline of the public company

In the Economist last week, an article entitled “The Endangered Public Company” blamed the decline of American IPOs over the last decade on burdening securities regulation unique to public companies.

Because public companies sell shares to the unsophisticated, policymakers are right to regulate them more tightly than other forms of corporate organisation. But not so tightly that entrepreneurs start to dread the prospect of a public listing. The public company has long been the locomotive of capitalism. Governments should not derail it.

Now, while securities regulation may be irritating to public companies, I completely disagree that it is the reason for the decline. For one, I can’t see private business owners denying themselves and their employees instant IPO wealth to avoid a few regulatory filings. On a behavioral level, it does not make sense. Two, regulation is a part of business

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