From 600+ conversations with the world’s leading thinkers.
The industrial age economy was characterised by the scarcity of physical capital like machines, buildings, and roads. Capital is no longer the binding constraint on humanity. We have an excess of physical capital. The real scarcity today is attention to the importance of the question, to what end are we deploying this capital.
I just hope that those who become influencers make smart choices; it's the kind of attention that comes quickly and is very hard to maintain. There are a few people that remain, and who have maintained longevity, but for the most part, influencer culture is extremely short lived.
I think Groupon was preposterously overpriced, and Zynga was moderately overpriced. The principal problem with Groupon, in my opinion, is that they have a bad business model. It basically eats by selling their customers crack cocaine- telling them to cut their prices 50% for a selected number of people. If you do that enough? You wont have a business.
It's the ultimate invention—the last one we'll ever need to make—because once we have AI that is generally intelligent and then superintelligent, it will do the inventing far better than we can. In that sense, it's a handing over of the baton.
Electronic systems change not only what we know, but how we know it.
Social media was kind-of created to destroy humanity, in a literal sense. The first notion of the implications of such networks was provided by B. F. Skinner who spoke of the dangers of people who- on networks- were too free, too creative and too uncontrolled.
One way to think about reserve currencies is to liken them to an operating system for a computer. Today, everybody is on Microsoft... but nobody changes... why? because everybody else is on Microsoft and if you want to exchange files and work together, you have to be on the same platform.
One reason conflict resilience has declined is that it's become easier to fire off a snarky message or simply block someone and move on. If we share physical space, avoidance has limits; I can leave the room, but I might still run into you in the hallway. Online, though, I can just delete, mute, or block you with no further engagement.
There is no healthy society without a healthy internet.
You cannot expend more energy than you can consume. That's a fundamental law of physics. If you do, you starve, you die, and you remove yourself from the gene pool. Biological systems have therefore been under enormous selective pressure to develop highly efficient intelligence.
Social platforms are bizarrely distortive of how the social world works. What these platforms do is take local phenomena and turn them into global phenomena. That shift takes audiences that were once local and turns them global. It also puts the anointment dynamic on steroids, because now your potential reach is basically unlimited.
Israel is not called 'the start-up nation' for nothing. We have great statistics to show the number of start-ups per capita, the number of PhD's per capita, V/C Dollars per capita, Patents per capita and more. Israel creates a huge amount of innovative start-ups which are often bought out before they are even revenue producing!