We can't blame politicians. I'm torn; I understand that this may be an emergent property of the system, and individually, I understand there is not much one can do. But focusing all your energy on finding the next Zuckerberg, exemplifies pulling the ladder up behind yourself.
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Antifragile Swarm Passive income via independent creation in collectives where 8 individuals own 1-2% of each other’s companies.
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There’s many different interpretations of this philosophy that are possible. Another one is to have a mutual “bank” where group members deposit some % of earnings/some fixed amount of $ on a schedule.
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Second half of
@timoreilly's book has a decent idea of where we went wrong: We have a runaway optimizer. It's not paperclips, but shareholder value. Or: over-financialization. -
Maximizing shareholder value has cost us the present, and the future. In the past, present sacrifices were worth the opportunity cost of playing the game for expected future reward. Maximization of shareholder value has been financed at the expense of the American Dream.
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Maximizing shareholder value has cost us to the extent that it incents short term thinking. It forces companies to set goals and execute quarterly, while the greatest value is created over much longer terms.
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Companies like Amazon have figured out how to think long term even within the quarterly reporting structure. But it's difficult for most companies to rise above the fray.
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