Chapter
The Importance of Managing Systemic Greed in Technology Platforms and Ecosystems
1:36:34 - 1:42:14 (05:40)
Greed can obscure the real value being created in a system, leading to a situation in which the financial markets diverge from the actual economy. This discrepancy can have disastrous consequences, and it is important for platforms and ecosystems to dial back on their greed in order to create more value in the long term.
Clips
The financial markets are a reflection of the expectations of what's supposed to be happening in the real economy, according to Eric Weinstein.
1:36:34 - 1:39:18 (02:44)
Summary
The financial markets are a reflection of the expectations of what's supposed to be happening in the real economy, according to Eric Weinstein. However, we have forgotten that we should be measuring a small subset of other things to truly understand the health of the economy.
ChapterThe Importance of Managing Systemic Greed in Technology Platforms and Ecosystems
Episode#278: Tim O'Reilly - The Trend Spotter
PodcastThe Tim Ferriss Show
The famous tech journalist Walt Mossberg once told Steve Ballmer that if Microsoft could dial their greed back just 5%, people would like the company 100% more.
1:39:18 - 1:42:14 (02:56)
Summary
The famous tech journalist Walt Mossberg once told Steve Ballmer that if Microsoft could dial their greed back just 5%, people would like the company 100% more. In this podcast, the discussion leads from how fake news can misguide fitness functions to how tech companies aim to optimize relevance with algorithms and AI all serving a master fitness function.