Chapter
Exploring the consequences of corruption beyond financial impact
1:01:52 - 1:09:20 (07:28)
Corruption can have long-lasting consequences beyond its immediate financial effect, such as creating unequal opportunities and lack of access to essential services. In this podcast episode, the speaker shares how corruption can impact businesses and employees, using examples such as employee benefits in Google and Senegal's protected workers.
Clips
Corruption is often seen as an unavoidable part of some systems, but it is actually just a symptom of a deeper problem.
1:01:52 - 1:05:08 (03:16)
Summary
Corruption is often seen as an unavoidable part of some systems, but it is actually just a symptom of a deeper problem. This problem can range from a lack of resources to a dysfunctional bureaucracy.
ChapterExploring the consequences of corruption beyond financial impact
Episode#311 – Magatte Wade: Africa, Capitalism, Communism, and the Future of Humanity
PodcastLex Fridman Podcast
The burden of senseless laws, such as taxation and restrictive regulations, can hinder the momentum of entrepreneurship by driving up the cost of production and leading to decreased profits.
1:05:08 - 1:07:44 (02:35)
Summary
The burden of senseless laws, such as taxation and restrictive regulations, can hinder the momentum of entrepreneurship by driving up the cost of production and leading to decreased profits.
ChapterExploring the consequences of corruption beyond financial impact
Episode#311 – Magatte Wade: Africa, Capitalism, Communism, and the Future of Humanity
PodcastLex Fridman Podcast
A board member on conscious capitalism advocates for businesses that focus on improving society rather than just producing for the sake of it.
1:07:44 - 1:09:20 (01:36)
Summary
A board member on conscious capitalism advocates for businesses that focus on improving society rather than just producing for the sake of it. One in every 100 people are psychopaths in any field, including business, and it's important to bring ethics and empathy into the corporate world.