The government's regulatory capture on the economy makes it difficult for the free market to innovate, automate or create a new business model that will allow progress. The inherent business model of companies that rely on commodity service is flawed and challenged in the 21st century.
The idea of providing equity participation to rank and file workers, such as truck drivers and cashiers, is discussed. The need for proper skills training is also mentioned.
The speaker is a restaurant owner.
The host engages in a discussion with David Friedberg on the significance of skin in the game, whereby individuals have a stake in optimizing results from a project, and how it affects employee motivation to work for certain companies.
The natural evolution of democracy under income disparity conditions is the election of individuals who represent and prioritize the struggling class, implementing policies that benefit them over the short term.