No amount of cost lowering can foster economic dignity when it also means that there are fewer jobs.
'Who owns the future?'
Wa want free online experiences so badly that we are happy to not be paid for information that comes from us now or ever.
It would be unfair to demand that people cease sharing/pirating files when those same people are not paid for their participation in very lucrative networks schemes.
People are treated as small elements in a bigger information machine, when in fact people are the only sources or destinations of information, or indeed of any meaning to the machine at all.
Ordinary people can help create new money by making promises. You constrain the future by making a plan, and promise to keep it. Money is created in response, because in making that promise you have created value. New money is created to represent that value.
To lose trust in the basic inception of wealth is to lose trust in the idea of human improvement. If all the value that can be already is, then market dynamics can only be about churn, conflict, and accumulation. Static or contracting economies make people cruel and shortsighted.
When we make our world more efficient through the use of digital networks, that should make our economy grow, not shrink.
The measure of the stock market's success is not whether stocks prices are rising. It's whether stocks prices are right.
You do not need a consensus in order, for instance, to tap into the wisdom of a crowd, and the search for consensus encourages tepid, lowest-common-denominator solutions which offend no one rather than exciting everyone.
One key to successful group decisions is getting people to pay much less attention to what everyone else is saying.
for a collaboration to be successful, it has to make each individual scientist more productive.
The organization has a number of virtues: it allows the man at the top to make decisions quickly and to have them carried out decisively. It allows for long-term investments and planning.
The downside of the corporate structure, though, is also obvious. Michael has a difficult time getting the information he needs, because it's often not in his lieutenants interest to disclose all they know.
Even when its virtues may seem self-evident, an idea needs a champion in order to be adopted by the group as a whole.
Modern capitalism made the idea of trusting people with whom you had "no prior personal ties" seem reasonable, if only by demonstrating that strangers would not, as a matter of course, betray you.
Diversity helps because it actually adds perspectives
Homogeneous groups are great at doing what they do well, but they become progressively less able to investigate alternatives.
grouping only smart people together doesn't work that well because the smart people (whatever that means) tend to resemble each other in what they can do.