I appreciate these efforts, but my mind is drawn to a somewhat orthogonal set of tactics.
When I see stats like $1 of vaccines releasing $44 of economic value, I think: there is a market opportunity here.
The question I keep asking is: what would a hedge fund look like that was making a bet that most people in poverty could produce the $44 if we invested the $1? What kind of corporate structure would be needed to distribute the resource AND reap part of the economic value?
Similar hedges can be made everywhere. If I believe black people are worth more than their social status (and commensurate credit access) would suggest.... how do I make that bet with cash?
You can answer "microfinance" but that's just phrasing the question in a different way. The real issue is: how, exactly?
It's not an easy question to answer, but I think unlocking it is a trillion dollar opportunity. You are essentially betting against the entire class of employers. Seems stupid, but so did Michael Burry's bet against the entire class of mortgage lenders.
It's not like there's a simple way to invest $1 and extract $44. That $44 is diluted in the total GDP. There's also a quite low limit on how many people you can vaccinate, even if you offer it for free.
This kind of thing is quite profitable for the government though, because they get to collect that $44, even if it is diluted.
The way I am currently pursuing it is basically to build an agency (like a Hollywood agency) for people in poverty and use automation to get economies of scale so it can survive on many slices of small payouts. It's not simple, but it's the only thing I can think of.
Arguably TaskRabbit and Uber are a version of this, but they target poor working class people, not those in actual poverty.
Would be interested to hear other ideas. I don't expect any of them to be simple.
When I see stats like $1 of vaccines releasing $44 of economic value, I think: there is a market opportunity here.
The question I keep asking is: what would a hedge fund look like that was making a bet that most people in poverty could produce the $44 if we invested the $1? What kind of corporate structure would be needed to distribute the resource AND reap part of the economic value?
Similar hedges can be made everywhere. If I believe black people are worth more than their social status (and commensurate credit access) would suggest.... how do I make that bet with cash?
You can answer "microfinance" but that's just phrasing the question in a different way. The real issue is: how, exactly?
It's not an easy question to answer, but I think unlocking it is a trillion dollar opportunity. You are essentially betting against the entire class of employers. Seems stupid, but so did Michael Burry's bet against the entire class of mortgage lenders.