Chapter
The Diminution of Trust in Institutions
4:16:50 - 4:20:47 (03:56)
This podcast discusses the shift in public trust from institutions towards independent millionaires, social media, Uber and Airbnb. It further explores the need for quality ratings and bands of bad actors to ensure trust in various fields such as FDA and CDC.
Clips
The advent of social media, cryptocurrency, Uber and Airbnb, and diminished trust in institutions has brought about changes to the way people view regulatory institutions, such as the FDA and CDC, resulting in a drop in public trust.
4:16:50 - 4:18:30 (01:39)
Summary
The advent of social media, cryptocurrency, Uber and Airbnb, and diminished trust in institutions has brought about changes to the way people view regulatory institutions, such as the FDA and CDC, resulting in a drop in public trust. The rise of artificial scarcity in regulation and patents have caused the price of medical products to skyrocket.
ChapterThe Diminution of Trust in Institutions
Episode#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA
PodcastLex Fridman Podcast
The digital age requires quality ratings and regulators in the form of a one-entry cost into a reliable zone, with baked-in regulatory fees, to ensure consumer safety against frauds and scammers.
4:18:30 - 4:20:47 (02:16)
Summary
The digital age requires quality ratings and regulators in the form of a one-entry cost into a reliable zone, with baked-in regulatory fees, to ensure consumer safety against frauds and scammers.