Chapter
The Opprotunity Framework
27:49 - 33:35 (05:46)
The idea of a flat line inflation-adjusted basic income level for everyone may lead to societal decay, thus it is important to provide people with opportunities to progress in their lives, earn more, and have access to doing more for themselves; Also, we need to fix some structural issues to provide an inherent step ladder in life.
Clips
The pandemic has led to a shift in the economy towards those who work with SaaS software, while businesses such as restaurants and retail have been left behind.
27:49 - 29:56 (02:07)
Summary
The pandemic has led to a shift in the economy towards those who work with SaaS software, while businesses such as restaurants and retail have been left behind. The speaker predicts that interest rates will stay at zero for the next five years.
ChapterThe Opprotunity Framework
EpisodeE8: TikTok + Oracle, how privacy loss will impact society, economy & COVID outlooks for 2021 & beyond, California wildfires & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Basic income is not enough to provide opportunities for progress and growth among individuals.
29:56 - 33:35 (03:38)
Summary
Basic income is not enough to provide opportunities for progress and growth among individuals. The fear is that a society reliant on basic income will result in individuals seeking only psychological satisfaction, such as through video games, instead of true progress.