Dossier
Social Capital
Coverage of Social Capital in the Nexus archive.
- Why venture capitalist Chamath Palihapitiya is getting roasted for saying possessions are 'worthless'
Chamath Palihapitiya, founder of Social Capital, faced criticism for calling possessions 'worthless' while appearing to wear a $2,700 Loro Piana sweater. Critics highlighted the contradiction, though Palihapitiya denied the item was from the luxury brand. The backlash occurs amid a tech-driven AI boom and shifting luxury market trends.
- Raj Chetty’s prescription for reviving the American dream
Raj Chetty, a Harvard economist, leads research on economic mobility through his center Opportunity Insights, using big data to analyze barriers to the American dream. His work highlights the role of social capital in economic outcomes, building on prior studies by scholars like William Julius Wilson and Robert Putnam.