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Great concept I just learned from @EricRWeinstein —
Embedded Growth Obligation: how fast a structure has to grow in order to maintain its honest positions.
As in, "Many of our institutions have unsustainable EGOs."
I'm surprised this concept doesn't have wider currency.
More from Eric: "the story of what happens when humans get addicted to high levels of broadly distributed stable technology-led growth, and then are denied the ability to continue on that path."pic.twitter.com/c0QlIYHZqR
Stretching the analogy further - in a functional but non-hyper growth firm, lower level people get kicked out. New status competitions are needed to accommodate these people. Influencers, MTG players, championship climbers.... society is trying.
Funny thing about this drive for growth is that it is a stable attractor for society. We want to grow because we see everyone else around us growing (and the cycle continues) The only way to arrest this is to discover another stable attractor (which I’m not sure exists)
He’s redescribing what David Harvey wrote about in The Enigma of Capital in broader terms without knowing it
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